Au Viet securities broker plans to raise holding in VRC

The Vung Tau Real Estate and Construction Joint Stock Co (coded VRC) has recently announced the transaction of its majority shareholder namely Au Viet Securities Joint Stock Co.

Accordingly, this majority shareholder registered to buy additional 500,000 VRC-coded shares from August 22 to September 22 for investment purpose.

Before the transaction, the shareholder owned 1.78 million VRC-coded shares. If the transactions are successful, the shareholder will raise its holding to 2.28 million units, equalling to 12.31 percent stake.

Earlier, from July 17 to August 17, this shareholder had also registered to buy 500,000 VRC shares but the transactions failed and the shareholder retained its holding at 1.78 million units.

In the first half of this year, VRC’s consolidated revenue reached 74.9 billion dong, rising 79.2 percent over the same period last year and its after tax profit was 1.16 billion dong, down 92.44 percent on year due to higher costs amidst lower profit from financial activities.

Ending the trading session on August 17, VRC-coded share was traded around 6,800 dong/unit.

 

Category: Stocks