Vingroup to list 2.36 million additional shares
Property developer Vingroup will list some 2.36 million more shares on the HCM City Stock Exchange on October 28, the southern bourse has announced.
With this release, the company will have nearly 1.85 billion shares listed on the exchange, with a combined face value of some VND1.85 trillion (US$82.22 million).
The firm has converted its international bonds into the additional shares, raising its chartered capital from VND18.46 trillion to VND18.48 trillion (from $820.44 million to $821.33 million).
Vingroup issued the convertible bonds worth $300 million in April and July 2012, with a term of five years and an interest rate of five per cent per year. The bonds' owners can convert them into shares on October 3 annually between 2012 and 2016.
Vingroup is Viet Nam's largest listed company by market capitalisation. Its shares closed with little change today at VND44,400 ($1.97) per share.
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> AAA: Notice on approval of additional share listing (26/10/2015)
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> HNX: HNX Notice: Long Thanh Construction and Trading Joint Stock Company applies for listing (22/10/2015)
> KHB: HNX Notice: Official Admission of additional listing of KHB (21/10/2015)
> TKC: First trading day of additional shares (21/10/2015)
> HNX: First trading day of new stock on UPCoM (DOP) (21/10/2015)
> HNX: First trading day of new stock on UPCoM (19/10/2015)
