Many businesses still plan to issue shares despite sluggish transactions.

Construction Joint Stock Company No. 12 (V12) announced that on March 2, it will close the list of shareholders who can exercise their rights to purchase additional issued shares. Specifically, the company plans to issue more than 5.8 million shares to existing shareholders at a ratio of 1:1, meaning that shareholders who own 1 share will be able to buy 1 new share. The selling price is 12,000 VND/share.

If the issuance is successful, V12 will collect nearly 70 billion VND to supplement working capital. V12 shares are currently trading on the stock exchange at 13,200 VND but liquidity is quite low, even with no transactions in some sessions.

Stock liquidity is low but many businesses still plan to issue more shares

Similarly, Vietnam Container Corporation (Viconship-VSC) has just announced the 2023 Annual General Meeting of Shareholders document. In which, the Board of Directors plans to submit to shareholders for approval a plan to issue shares to increase charter capital. Specifically, the company plans to issue more than 121 million shares to existing shareholders at a ratio of 1:1 (shareholders own 1 share corresponding to 1 right, each right is entitled to buy 1 new share) with an offering price of VND 10,000/share, estimated to collect VND 1,213 billion. If the offering is successful, Viconship's charter capital will increase to VND 2,425 billion. The expected implementation time is in 2023.

Regarding the purpose of capital use, Viconship will use VND1,200 billion to invest in controlling a port enterprise headquartered in Hai Phong City through capital transfer; the remaining VND12.7 billion will be used to supplement working capital. The company's VSC shares are currently trading at VND31,000.

Similarly, Construction Development Investment Corporation (DIG) has just announced that it will postpone the plan to issue 100 million shares to the second or third quarter of 2023 instead of the first quarter of the year as previously announced. DIG will offer 100 million shares to existing shareholders at VND15,000 to raise an expected capital of VND1,500 billion. The entire amount raised will be used to invest in the Long Tan urban tourism project. DIG shares are currently priced at VND13,800.

Thu Dau Mot Water Joint Stock Company (TDM) also plans to hold its 2023 Annual General Meeting of Shareholders on March 28. Notably, the company plans to approve a plan to offer additional shares to the public to increase its charter capital from VND1,000 billion to VND1,100 billion. However, the company has yet to announce a detailed proposal on the plan to issue additional shares...

In particular, Yeah1 Group Joint Stock Company (YEG) has just finalized the list of shareholders to collect opinions on the plan to issue individual shares to increase charter capital. The time for collecting opinions is from March 3 to 13. Previously, at the 2022 Annual General Meeting of Shareholders, Yeah1 approved the plan to issue a maximum of more than 78.6 million individual shares at a price of VND 10,000 to raise more than VND 786 billion from 4 investors, but by the end of 2022, it announced to stop implementing because the above plan is no longer suitable for the current situation of the company and the market...

Source: https://thanhnien.vn/nhieu-doanh-nghiep-van-dua-ra-ke-hoach-phat-hanh-co-phieu-du-giao-dich-eo-uot-185230226170854138.htm