Vinhomes has bought back 190 million shares, just over half of the registered number.

According to data from the Ho Chi Minh City Stock Exchange (HoSE), by the end of November 19, Vinhomes (VHM) had bought back a total of 190 million treasury shares, equivalent to 51.37% of the total registered number. It is estimated that VHM will only buy back a maximum of 264 million shares.

Vinhomes has bought back 190 million shares, just over half of the registered number.

According to data from the Ho Chi Minh City Stock Exchange (HoSE), by the end of November 19, Vinhomes (VHM) had bought back a total of 190 million treasury shares, equivalent to 51.37% of the total registered number. It is estimated that VHM will only buy back a maximum of 264 million shares.

In the session on November 19 alone, Vinhomes bought more than 15 million shares, the third largest single-session purchase volume since it began buying treasury shares.

According to the announcement, Vinhomes will buy up to 370 million treasury shares, equivalent to 8.5% of the total outstanding shares. The transaction will be carried out by order matching and/or negotiation from October 23 to November 21, 2024.

The purpose of the stock buyback is because VHM's market price is lower than the company's real value, so the stock buyback is to ensure the interests of the company and shareholders. The source of capital for the buyback is from undistributed profit after tax according to the 2023 Audited Financial Statement.

According to regulations, on each trading day during the registration period, Vinhomes must buy a minimum of 1.1 million shares, and a maximum of 37 million shares.

Compared to the time to register to buy treasury stocks, Vinhomes only has 2 days left, today (November 20) and tomorrow (November 20) to make the transaction. With the above transaction progress and maximum purchase quantity/session regulations, it is estimated that Vinhomes can only buy a maximum of 74 million units in these 2 sessions, thereby increasing the maximum number of shares to buy back to about 264 million units, equivalent to more than 71.3% of the total number of registered buybacks.

On the stock market, following the news that Vinhomes had bought a record amount of treasury shares, the stock price reacted positively, going from 37,000 VND to 48,000 VND/share. At the end of the session on November 19, VHM shares increased by more than 3% to 42,200 VND, with a market capitalization of about 184,000 billion VND (7.4 billion USD). Compared to the time when the treasury shares were purchased, VHM's market price has decreased by nearly 13%.

Source: https://baodautu.vn/vinhomes-da-mua-lai-190-trieu-co-phieu-moi-duoc-qua-nua-so-dang-ky-d230456.html