Business

VNDirect to sell 50.3 million shares

The State Securities Commission has granted registration certificate on public offering of shares to VNDirect Securities Corporation (VND).
VNDirect to sell 50.3 million shares ảnh 1VND offers to sell 50.3 million common shares to existing shareholders at the ratio of 3:1 (Photo: baodautu.vn)

Hanoi (VNA) - The State Securities Commission has granted registration certificate onpublic offering of shares to VNDirect Securities Corporation (VND).

VND offers to sell50.3 million common shares to existing shareholders at the ratio of 3:1. Theprice offered is 10,000 VND (44 US cents) for each share. The last date forregistration is February 28. The right to purchase can be transferred fromMarch 8 to April 2.

According to VND,the expected capital of more than 503 billion VND will be used to supplementthe loan for margin trading. At the same time, the additional capital will helpthe corporation improve its financial capacity to carry out underwritingcontracts. In addition to this, VND will use a portion of its mobilised capitalfor proprietary trading, providing and performing derivatives-related services.

In 2017, VND posteda revenue of 1.235 trillion VND, a year-on-year increase of 67 percent; VND’safter-tax profit reached 438.4 billion VND, 2.35 times higher than in 2016. –VNA
VNA
#State Securities Commission#registration certificate#public offering of shares#VNDirect Securities Corporation#derivatives-related services#after-tax profit
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