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GEX: Information on selling the treasury shares On December 09, 2020, Viet Nam Electrical Equipment Joint Stock Corporation announces the selling of treasury shares as follows:
1) Plan for selling treasury shares:
- Number of treasury shares before trading: 18,274,950 shares
- Number of shares registered to sell: 12,000,000 shares
- Purpose: to supplement its working capital.
- Trading method: to transfer rights via the Vietnam Securities Depository (VSD)
- Selling price: VND 12,000/share.
2) Plan for using treasury shares to sell its employees:
- Stock name: Viet Nam Electrical Equipment Joint Stock Corporation
- Stock type: common share
- Par value: VND 10,000/share
- Number of shares issued: 488,244,000 shares
- Number of outstanding shares: 469,969,050,000
- Number of treasury shares: 18,274,950 shares
- Number of shares expected to be issued: 12,000,000 shares
- Total value of issue (based on par value): VND 120,000,000,000
- Issue ratio: 2.55%
- These shares will be restricted in 03 years from the finish date of the issuance.
- Expected execution time: from December 21, 2020 to January 19, 2021. HOSE
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