Last week, the VN-Index increased by 2.3 points to reach 1,212 points. The total trading value on HoSE reached VND 118,101 billion and the average trading volume was nearly 1 billion shares per session. Meanwhile, the HNX-Index closed the week at 231.08 points, down 0.84% compared to the previous week. The liquidity on HNX also increased significantly with over VND 8,771 billion traded.
Based on the statistics on HoSE, foreign investors net sold 41.64 million units with a total net selling value of over VND 1,463 billion. On HNX, foreign investors also net sold 2.58 million units, with a total net selling value of nearly VND 40 billion.
On the Upcom market, foreign investors made a sudden net buying of 77.14 million units with a corresponding net buying value of over VND 1,688 billion. Therefore, in the trading week from February 19th to 23rd, foreign investors net bought 32.92 million units with a total net buying value of over VND 185 billion.
In its recent report to HoSE, Eximbank (stock code: EIB) stated that it did not sell any shares out of the nearly 6.1 million treasury shares that were registered for sale from January 15th to February 7th because the market price did not meet the bank’s target selling price.
Eximbank did not sell any treasury shares out of nearly 6.1 million registered shares.
Specifically, during this period, EIB shares experienced many consecutive increases and decreases, fluctuating in the range of VND 18,700 – 20,200 per share. None of these shares closed higher than the average target selling price previously announced by the bank, which was VND 20,199 per share.
Prior to this, Eximbank announced a plan to sell all of its nearly 6.1 million treasury shares at a minimum average target price of VND 20,199 per share in order to supplement its business capital. These are all the treasury shares currently held by Eximbank and were purchased in January 2014.
In addition, Eximbank also announced that its shareholders’ general meeting will be held on April 26th in Ho Chi Minh City. The last registration date is March 14th and the ex-right trading date is March 13th.
BV Land Corporation (stock code: BVL) has recently been granted a registration certificate for its stock offering to existing shareholders to raise over VND 200 billion.
Accordingly, BVL will offer more than 20 million shares to existing shareholders at a ratio of 100:35, meaning that shareholders owning 100 shares will be able to purchase 35 new shares. The last registration date is March 6th. The registration and payment period for share purchases is from March 20th to April 10th.
BV Land Corporation will offer shares to existing shareholders to raise over VND 200 billion.
The expected amount to be raised from the offering is over VND 200 billion. BV Land will spend nearly VND 125 billion to invest in purchasing shares, increasing the ownership of BV Invest Corporation to 80.61%. In addition, VND 75.7 billion will be used to supplement working capital, specifically for the construction of the New Western Dinh Tri Urban Area project in Bac Giang province (Bavella Green Park project). The charter capital after the issuance of BVL will also increase from over VND 573 billion to nearly VND 774 billion.
TPBank has become the parent company of Viet Cat Fund
Viet Cat Fund Management Joint Stock Company has reported the results of a private issuance of 7.5 million shares to strategic shareholders. On January 30th, Viet Cat Fund issued all 7.5 million shares at a price of VND 10,000 per share, raising VND 75 billion. Tien Phong Commercial Joint Stock Bank (TPBank – stock code: TPB) purchased all 7.5 million shares, increasing its ownership to 75% of the charter capital and becoming the parent company of Viet Cat Fund.
TPBank has become the parent company of Viet Cat Fund Management Joint Stock Company.
TPBank will be restricted from transferring the shares it has just purchased from Viet Cat Fund within a year. After the issuance, the charter capital of Viet Cat Fund will increase from VND 25 billion to VND 100 billion.
Viet Cat Fund was established on January 25th, 2008, with its registered address at the 11th floor of Doji Tower (5 Le Duan Street, Dien Bien Ward, Ba Dinh District, Hanoi). Viet Cat Fund became more well-known to investors after at the 2022 annual shareholders’ meeting of Hoang Anh Gia Lai Corporation (stock code: HAG), Mr. Doan Nguyen Duc (Mr. Duc) – Chairman of the HAG Board of Directors – announced a plan to privately issue 161.9 million shares at a price of VND 10,500 per share to raise VND 1,700 billion.
However, by April 17th, 2023, HAG was unable to complete the private offering of 161.9 million shares due to the unsuitable stock price movement, leading to the rejection of the previously offered shares by investors.
TPBank has become the parent company of Viet Cat Fund Management Joint Stock Company.
On November 23rd, 2023, HAG announced its plan to privately sell 130 million shares at a price of VND 10,000 per share to raise VND 1,300 billion. The implementation period is in 2023 or 2024, subject to approval by the State Securities Commission.
In particular, Viet Cat Fund will purchase 60 million shares, LPBank Securities Joint Stock Company will purchase 50 million shares, and Mr. Nguyen Duc Quan Tung will purchase 20 million shares.
Afterwards, HAG announced that Viet Cat Fund will not participate in the private share offering. To explain the misleading information about Viet Cat Fund, HAG stated that this was a misunderstanding because they did not receive Viet Cat Fund’s refusal to purchase, along with errors in the process of exchanging information among parties, resulting in inaccurate announcement on November 22nd, 2023.
On November 24th, 2023, HAG cancelled and updated the list of expected investors for the private share offering, and Viet Cat Fund is no longer on the list of investors.
It is expected that on March 13th, HAG will finalize the list of shareholders attending the 2024 annual shareholder meeting. The meeting is scheduled to be held in April 2024, but the current agenda has not been announced yet.
