SHS Securities plans to issue nearly 104 million shares for existing shareholders
Accordingly, the securities firms plans to issue 103.6 million shares for existing shareholders with a rate of 10 per cent, meaning a shareholder who owns two shares can buy one more. With the selling price expecting at VNĐ13,500 per share, the company can earn nearly VNĐ1.4 trillion (US$61 million).
SHS Securities will spend 40 per cent of the amount for margin loans, 40 per cent for bonds, valuable papers investments, and the rest for investment.
The company also plans to issue 10.36 million common stocks from the owner's equity with a rate of 5 per cent, meaning a shareholder with 100 shares will receive five new ones.
At the par value, SHS is expected to earn VNĐ104 billion ($4.5 million) after issuing new stocks. This amount will be spent for business activities.
Regarding issuing the employee stock ownership plan (ESOP), SHS Securities will issue 4 million units, or 1.93 per cent of the company's outstanding shares.
Issuing price is estimated at VNĐ12,000 per share. These ESOP shares are restricted from being transferred for one year.
Currently, SHS securities' charter capital is nearly VNĐ2.1 trillion ($90.4 million). If all three issuances are successful, the company's charter capital is expected to rise to more than VNĐ3.25 trillion ($141.7 million).
Last year, the firm's revenue increased 61.5 per cent year-on-year to over VNĐ1.8 trillion ($78.9 million), leading to a gain of nearly 195 per cent in profit after tax to more than VNĐ754.3 billion ($33 million).
In 2021, it set a target of earning nearly VNĐ1.9 trillion ($82.3 million) in revenue, up 4.3 per cent over last year, but lowered its profit before tax to VNĐ751.2 billion ($32.8 million).
On the stock market, SHS shares ended Wednesday at VNĐ41,500 per share, down 3.94 per cent. The company shares jumped 62.2 per cent since the beginning of the year. VNS
Related News
Efficiency from inspection and supervision - a key factor for a transparent stock market
15:22 | 29/03/2024 Finance
Shareholders expect the shareholder meeting season
10:20 | 18/03/2024 Headlines
Export growth supports the economy and stock market
14:40 | 04/03/2024 Finance
Securities attractive investment channel
09:42 | 29/02/2024 Finance
Latest News
SBV approves designation of 14 important banks in 2024
15:11 | 29/03/2024 Finance
Central bank urges card issuers to review procedures
14:40 | 27/03/2024 Finance
Warning about impersonating tax authorities to commit fraud during tax finalization month
10:22 | 27/03/2024 Finance
“3 priorities, 3 breakthroughs” in task deployment of State Treasury
10:19 | 27/03/2024 Finance
More News
Effectively apply M&A to go long distance
09:51 | 26/03/2024 Finance
Hanoi State Treasury proactively digitizes and transforms operating methods
10:15 | 25/03/2024 Finance
The Ministry of Finance continues to strongly improve the business environment, reducing the rate of businesses temporarily suspending operations
19:40 | 24/03/2024 Finance
Vietnam tackles obstacles to stock market upgrade
19:28 | 24/03/2024 Finance
Looking forward clear instructions in tax finalization in 2023
15:40 | 24/03/2024 Finance
Proactive in dealing with exchange rate pressure
10:49 | 23/03/2024 Finance
Tax sector accompanies and supports tax finalization
09:34 | 21/03/2024 Finance
Minister of Finance: Fairness and transparency for the insurance market
14:37 | 20/03/2024 Finance
Vietnamese securities companies race to boost capital amid high market demand
14:36 | 20/03/2024 Finance
Your care
Efficiency from inspection and supervision - a key factor for a transparent stock market
15:22 | 29/03/2024 Finance
SBV approves designation of 14 important banks in 2024
15:11 | 29/03/2024 Finance
Central bank urges card issuers to review procedures
14:40 | 27/03/2024 Finance
Warning about impersonating tax authorities to commit fraud during tax finalization month
10:22 | 27/03/2024 Finance
“3 priorities, 3 breakthroughs” in task deployment of State Treasury
10:19 | 27/03/2024 Finance