Senior Personnel Appointments
I.P.A Investment Group (stock code: IPA) has recently received a resignation letter from Ms. Vu Nam Huong, who stepped down from her position as a member of the Board of Management for the 2022-2027 term, citing personal reasons. Ms. Huong had served on the Board since May 31, 2017.
Prior to this, Ms. Huong also resigned from her role as Chief Financial Officer at VNDirect Securities Corporation (stock code: VND).
Ms. Huong, 41, holds a bachelor’s degree in Finance and Banking from the National Economics University. She brings over two decades of experience in the fields of banking, finance, and credit to the table.
Ms. Vu Nam Huong has submitted her resignation from the Board of Management of I.P.A Investment Group.
In March, the LienVietPost Bank (stock code: LPB) announced the appointment of Ms. Vu Nam Huong as their Deputy General Director and Head of Corporate Client Block, effective from March 20.
The Board of Management of EVNFinance Joint Stock Company (stock code: EVF) has decided to appoint Mr. Le Manh Linh, a member of the Board for the 2023-2028 term, as their new Vice Chairman.
Mr. Linh’s appointment is for the duration of the Board’s term, which runs from 2023 to 2028. Currently, the EVNFinance Board comprises six members, with Mr. Pham Trung Kien serving as Chairman.
Mr. Le Manh Linh holds a Bachelor of Economics degree, specializing in Economics and Management, from the University of Pierre Mendes France in France. He also possesses a Master of Laws degree in International Commercial Law from the University of Francois Rabelais de Tours, France.
Index Gains and Foreign Investment
Last week, the VN-Index rose by 28.41 points to reach 1,273.11. The HoSE exchange witnessed a liquidity of VND 100,547 billion. Similarly, the HNX-Index climbed by 5.86 points to settle at 241.54.
According to statistics from the HoSE, foreign investors sold a net amount of 60.56 million units, corresponding to a net value of over VND 2,148 billion. On the HNX exchange, they purchased a net volume of 1.44 million units, totaling nearly VND 39 billion.
In the Upcom market, foreign investors sold a net amount for five consecutive sessions, offloading 7.71 million units with a net value of over VND 344 billion.
Thus, during the trading week from May 13 to May 17, foreign investors net-sold approximately 66.83 million units on the overall market, with a net value of nearly VND 2,457 billion.
MB Securities Joint Stock Company (stock code: MBS) plans to issue over 109 million shares to existing shareholders at a price of VND 10,000 per share to increase its charter capital. This issuance will result in more than 109 million new shares, implying a ratio of 4:1. In other words, for every four shares owned, shareholders will be entitled to purchase one new share. These shares will be freely transferable.
MB Securities Joint Stock Company will issue over 109 million shares to its existing shareholders at a price of VND 10,000 per share.
MBS expects to raise over VND 1,094 billion from this offering and intends to allocate VND 50 billion for investment in information technology system development, VND 450 billion for proprietary trading and underwriting activities, and VND 594 billion for margin lending.
The offering is expected to take place within 2024, following the receipt of the certificate of registration for public offering from the State Securities Commission.
Additionally, MBS shareholders have approved a plan to issue nearly 28.7 million shares privately to a maximum of 30 professional securities investors. These shares will be restricted from transfer for one year from the completion of the offering.
The offering price will be agreed upon but not less than the book value of VND 11,512 per share, corresponding to approximately VND 331 billion. This capital will be utilized to supplement the company’s business activities.
Upon the completion of these two offerings, MBS will have issued over 138 million new shares, increasing its charter capital from VND 4,377 billion to VND 5,758 billion.
VNDirect Securities Corporation (stock code: VND) intends to offer nearly 244 million shares to existing shareholders at a ratio of 5:1. This means that for every five shares held, shareholders will be entitled to purchase one new share at a price of VND 10,000 per share. The expected proceeds from this offering amount to nearly VND 2,440 billion and will be utilized to expand the company’s operating scale.
VNDirect Securities Corporation also plans to pay a stock dividend to shareholders at a ratio of 5%, resulting in the issuance of nearly 61 million new shares. For every 100 shares owned, shareholders will receive 5 new shares. The capital source for this dividend will come from undistributed post-tax profits on the audited separate financial statements for 2022.
VNDirect Securities Corporation plans to offer nearly 244 million shares to its existing shareholders at a ratio of 5:1.
Following these two issuances, VNDirect Securities Corporation’s charter capital will increase from VND 12,178 billion to nearly VND 15,223 billion.
TNA Stock Trading Restrictions
HoSE has decided to transfer TNA shares of Thien Nam Group – Import Export Trading Joint Stock Company (stock code: TNA) from the control category to the restricted category. According to HoSE, Thien Nam Group failed to submit its 2023 audited financial statements within 45 days of the deadline, resulting in the imposition of trading restrictions on its shares starting from May 24.
Thien Nam Group has acknowledged this issue and previously submitted a request for an extension until May 10, 2024. However, due to ongoing discussions with the auditing firm, the company has been unable to finalize its financial statements. Thien Nam Group assures that it is working diligently to resolve any outstanding matters with the auditor and will strive to publish its financial statements as soon as possible.
