PetroVietnam Securities Inc (PSI) will issue over 8.9 million shares to strategic foreign investors in the first quarter at a price of 15,000 VND (0.70 USD) per share, if the plan is approved by the firm’s upcoming annual shareholders meeting.
PSI will also ask shareholders to annul an earlier plan to offer over 50.9 million bonus shares to existing shareholders, since the market price of PSI shares has fallen below the planned offer price of 15,000 VND per share. PSI closed on Jan. 10 in Hanoi at just 13,000 VND (0.60 USD).
PSI also plans to increase charter capital in the first quarter to 598.4 billion VND (28.5 million USD), pending approval of shareholders./.
PSI will also ask shareholders to annul an earlier plan to offer over 50.9 million bonus shares to existing shareholders, since the market price of PSI shares has fallen below the planned offer price of 15,000 VND per share. PSI closed on Jan. 10 in Hanoi at just 13,000 VND (0.60 USD).
PSI also plans to increase charter capital in the first quarter to 598.4 billion VND (28.5 million USD), pending approval of shareholders./.
