MB increases charter capital to 52.871 trillion after selling 73 million shares to Viettel and SCIC

The Military Commercial Joint Stock Bank (MB, HOSE: MBB) has recently announced the results of its private placement offering of 73 million shares to two investors, namely the Military Industry and Telecoms Group (Viettel) and the State Capital Investment and Business Corporation (SCIC).

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According to the announcement of the results of the offering, MB distributed 73 million shares to domestic investors at a price of 15,959 VND/share. The total net proceeds from the share offering were 1,165 billion VND. The end date of the offering was 14th March 2024.

In particular, Viettel bought an additional 43 million shares, increasing its ownership ratio from 14.14% (737 million shares) to 14.76% (780 million shares). The total number of shares owned by investors and related parties has increased to over 1 billion shares (19.073%).

Meanwhile, SCIC bought an additional 30 million shares, increasing its ownership ratio from 9.42% (491 million shares) to 9.86% (521 million shares). The number of MBB shares held by the group related to SCIC has increased to nearly 523 million shares, equivalent to 9.88%.

These shares are restricted from transfer within 5 years from the completion date of the offering.

After the offering, MB’s charter capital increased from 52,141 billion VND to 52,871 billion VND and ranked 5th in the system (after VPBank, BIDV, Vietcombank, and VietinBank).

Prior to that, MB’s annual general meeting of shareholders in 2023 approved the increase in charter capital from 45,340 billion VND to 53,683 billion VND through the issuance of 680 million shares to pay a dividend at a rate of 15%; the issuance of ESOP shares and a private placement totaling 135 million shares (divided into two tranches of 65 million shares and 70 million shares), for two investors, Viettel and SCIC.

On the stock exchange, MBB’s share price is currently trading around 23,200 VND/share (morning of 20th March), up more than 24% compared to the beginning of the year. The average trading volume is over 22 million shares/day.

Stock price movement of MBB from the beginning of the year until now

Han Dong

SOURCEvietstock
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