Pyn Elite Fund buys remaining HHV shares at 10% premium
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According to Lanya
Investing.com – Deo Ca Transport Infrastructure Investment Joint Stock Company (HM:) announced a board resolution regarding the issuance of the remaining unallocated shares in a stock offering to existing shareholders. 2023.
As a result, the Pyn Elite Fund is the only investor allowed to purchase all of the more than 7.1 million remaining shares in the offering, equivalent to 1.73% of the total shares outstanding after the offering.
The reallocation price is VND11,000 per unit, equivalent to more than VND78 billion that the fund must spend. This means that Finnish investment funds are willing to pay existing shareholders 10% more than the issue price, which is only VND10,000 per share. However, these figures are still significantly lower than HHV’s market price on the stock market of VND15,900 per share.
Pyn Elite Fund must pay for stock purchases between January 10th and January 15th. All shares redistributed this time will be restricted from transfer within one year after the completion of this issuance (existing shareholders purchasing new shares this time are not subject to transfer restrictions).
Previously, Deo Ca Transportation Infrastructure implemented a plan to issue 82.3 million new shares to existing shareholders at a price of VND10,000 per share, with an exercise ratio of 4:1 (shareholders holding 4 shares have the right to purchase 1 new share) ).
The results of the initial offering showed that more than 75.2 million shares were allocated to investors, with a success rate of over 91%. The board of directors is considering selling the remaining more than 7.1 million units to other interested investors.
Therefore, as Pyn Elite purchased the shares of the remaining batches mentioned above, Deo Ca Transport Infrastructure has successfully allocated all the shares expected to be issued, thereby raising VND 830 billion and increasing its registered capital to more than VND 4.1 trillion.
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