The Hanoi Stock Exchange (HNX) has just announced the registration of transactions of National Commercial Joint Stock Bank (NCB – Code: NVB) insiders.
Accordingly, Ms. Bui Thi Thanh Huong, Chairman of the Board of Directors of NCB, registered to buy 56.3 million NVB shares in the private placement. The transaction was executed from November 8 to December 3, 2024.
Currently, Ms. Huong does not own any NVB shares. After the transaction, Ms. Huong will hold 56.3 million NVB shares, equivalent to 4.773% of the bank’s charter capital.
Along with Ms. Huong, Mr. Duong The Bang, Member of the Board of Directors of NCB, also registered to purchase 58.5 million NVB shares. It is expected that after the transaction, Mr. Bang will hold a total of 58.5 million NVB shares, equivalent to 4.957% of the capital at the bank.
With the offering price in this private issuance at VND 10,000/share, it is estimated that Ms. Huong and Mr. Bang will spend VND 563 billion and VND 585 billion, respectively, to execute the transaction.
Previously, NCB had been approved by the State Bank and the General Meeting of Shareholders to issue private placement shares to increase its charter capital from VND 5,602 billion to a maximum of VND 11,802 billion. According to the plan submitted to the State Bank and the General Meeting of Shareholders, NCB will issue and offer 620 million shares at VND 10,000 per share. These shares are restricted from transfer within one year from the end of the offering period.
In June, NCB announced a list of 13 investors participating in the private placement share offering, including 12 individual investors and 1 investment fund. Among the 13 investors registered to participate in this share purchase, 7 are existing shareholders of NCB.
Presenting an Enticing Offer: BAF Proposes the Sale of 65 Million Shares at VND 15,500 Each
The amount of VND 1,007.5 billion raised will be used to purchase feed, additives, and materials for pig farms, totaling VND 557.5 billion. Additionally, VND 450 billion will be allocated towards the purchase of piglets, weaned pigs, and breeding pigs. The disbursement of these funds is planned to take place from the fourth quarter of 2024 through to the fourth quarter of 2025.
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## LPBank Postpones Extraordinary General Meeting, A Range of Important Matters Awaiting Discussion
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The upcoming Extraordinary General Meeting of LPBank’s shareholders is scheduled for November 15, 2024. This pivotal gathering will be a significant milestone for the bank, setting the tone for its future trajectory and strategic direction. With a comprehensive agenda covering critical topics, the meeting promises to be a cornerstone event, shaping LPBank’s path ahead.