Sugar firm attempts to sell all treasury shares

A Thành Thành Công Biên Hòa JSC factory. The company has announced its plan to sell entire 61.6 million treasury shares. — Photo congthuong.vn

HCM CITY — Thành Thành Công Biên Hòa JSC has decided to sell 61.6 million treasury shares to increase the number of voting shares.

Capital raised from the share sale will be spent on restructuring the firm’s capital and loans.

The shares will be sold on the stock market via either put-through or order-matching actions.

The company between April 18 and May 17, 2018, offered to buy back 83 million treasury shares on the market.

The transactions ended up with Thành Thành Công Biên Hòa snapping up 61.6 million shares of the total.

According to the firm’s April-June financial report, the value of the treasury shares was near VNĐ1.1 trillion.

The company is listing more than 568.7 million shares on the Hồ Chí Minh Stock Exchange as SBT. Its shares gained 0.6 per cent to end Thursday at VNĐ16,750 per share.

The company’s shares have dropped total 13.4 per cent in the last six months. — VNS

Tags selling stakes assets sugar atiga

US initiates investigation into pharmaceutical capsule shells imported from Việt Nam

Economy

Conference promotes business expansion to the US

Economy

Việt Nam Regional Specialities Fair 2024 starts in Hà Nội

Economy

VN's food processing industry struggles to improve quality and value chain integration

Economy

Aviation stocks waiting for takeoff as businesses soar

Economy

Monetary policy forecast unlikely to loosen further

More on this story

Economy

Việt Nam faces difficulties in rice exports

Việt Nam will face difficulties in exporting rice in the short term due to obstacles in most major markets, such as China and the Philippines, according to the Ministry of Agriculture and Rural Development (MARD).

Economy

HCM City, Mekong Delta promote tourism cooperation

Sustainable tourism linkages between HCM City and the Cửu Long (Mekong) Delta are needed to tap the huge tourism potential of the two areas, top leaders have said.

Economy

PetroVietnam posts positive revenues despite falling oil prices

The Vietnam Oil and Gas Group (PetroVietnam) reported positive business results in the first eight months despite falling global oil prices.

Economy

VN-Index drops for three straight days

The VN-Index declined for three straight days on Thursday as many large caps unexpectedly lost value by the end of the session.

Economy

Nhơn Hội Economic Zone announces expansion plans

Nhơn Hội Economic Zone in the central province of Bình Định is growing. The area will expand by more than 2,300ha, the provincial People's Committee have announced.

Economy

Total UPCoM firms reach 850 in August

The total number of companies trading on the Unlisted Public Company Market (UPCoM) reached 850 as of August 30, the Hà Nội Stock Exchange (HNX) has announced.

Economy

Đồng Nai to shut down industrial park

The southern province of Đồng Nai has proposed Government remove Biên Hòa 1 Industrial Park from the national industrial park planning, Đồng Nai newspaper reported.

Economy

Steel exports throughout the country rise

Steel has been in the list of billion-export products as its total export turnover in the first seven months of the year reached US$1.93 billion, posting 14.7 per cent year-on-year increase.

Economy

VN stocks fall, trading remains quiet amid risk concerns

Vietnamese shares were mixed on Thursday morning while market trading liquidity was modest as investors were unwilling to open checks for buying in assets.