Correction of stock market in recent months has caused speculative stocks to plummet. Many investors have moved out of the stock market due to poor speculation and hot stocks introduced by securities with the nickname A7.
Because commercial banks have tightened control over real estate loans, property firms and developers have to seek alternative ways to raise their capital, and many of them have decided to issue bonds to fund their business.
At the Annual General Meeting of Shareholders, it was decided that all banks would issue billions of additional shares to pay for dividends in 2022. This decision will inadvertently put pressure on bank stocks.
The stock market is the driving force for listed companies to strongly issue shares to increase capital. However, it is when unprofitable listed companies scramble to issue volumes of shares that the market becomes susceptible to facing many risks.
Tien Bo Group Joint Stock Company (TTB) announced to close its shareholder's list on June 10 and dividend payout ratio at 7 percent on July 30; 5 percent on October 8. At the same time, TTB introduced to sell 3.5 million shares to current shareholders with a cost of VND 10,000 per share
MHC Joint Stock Co. (MHC) plans to issue 13.5million shares for its current shareholders with a ratio at 2:1; 12.5million shares for its strategic shareholders and one million for laborers, aiming to mobilize capital for financial investment projects in 2015.
Southern Fertilizer Corp (SFG) has issued 43.54 million shares. SFG has charter capital of VND 435.4billion. Its business operation is mainly to manufacture and trade fertilizer; buy chemical materials; livestock foods and real estate…
Hoa Phat Group (HPG) announced Private Equity New Markets II K/S (PENM II) has registered to sell 4 million shares within one month starting November 11, aiming to reduce its ownership rate of 11.57 million shares, equivalent to 2.4 percent capital of HPG. Earlier, PENM II registered to sell 3 million share but it was not completed.
Hanoi Stock Exchange has recently removed Vietnam Industrial & Commercial Securities Company (VIG) from supervision as the company posted profit of VND848.6 million in the first half of this year. In mid-March, VIG was put under supervision because it was running at a loss for two consecutive years.
From July 13 to August 13, Nguyen Van Duc, brother of Nguyen Van Loc, CEO of Bien Hoa Sugar Joint Stock Company (BHS), registered to sell 8,280 shares for personal financial need. After the sale, he will own only 6 shares.