Vinhomes Joint Stock Company (code VHM-HOSE) announces the report on the results of the buy-back transaction.
Previously, VHM announced the registration to buy back 370 million treasury shares, accounting for 8.5% of the circulating shares, to protect the interests of the company and shareholders as the current share price is lower than its intrinsic value.
The capital for the buyback will come from undistributed profits as of June 30, totaling VND 146,584 billion.
On November 25, VHM announced a change in the number of voting shares after the registration to purchase 370 million treasury shares.
From October 23 to November 21, the company bought back 247 million treasury shares, equivalent to 67% of the registered amount. The average purchase price was VND 42,444.36 per share, with a total transaction value of VND 10,482 billion.
The company explained that the reason for not purchasing the full amount was due to market fluctuations that affected the share repurchase results.
As a result of this transaction, the number of voting shares decreased to 4,107.4 million, and the charter capital decreased by VND 2,469.6 billion to VND 41,074.1 billion.
In the market, since the announcement on August 7 (VND 37,200 per share) to the closing session on October 23, the VHM share price has increased to VND 48,250 per share (the highest in the past 52 weeks), an increase of 30% in just 2 months.
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