TPBank successfully issue 100 million TPB shares at 33,000 dong per share

22-Sep-2021 Intellasia | Doanh nghiep va Tiep thi | 7:07 AM Print This Post

Tien Phong Commercial Joint Stock Bank (TPBank TPB) has just announced the results of the private placement of shares. Accordingly, the bank successfully sold 100 million shares to domestic investors, equivalent to 100 percent of the total number of shares offered. The winning price was 33,000 dong per share. Accordingly, the bank earned 3.3 trillion dong from this issuance. The total costs (including VAT) were 18.15 billion dong. The total net revenue, thus, is 3,281,85 billion dong.

Transport and Industry Development Investment Joint Stock Company (TCD) was the biggest investors in TPB’s issuance when buying 29 million shares, resulting in an ownership of 2.56 percent in TPBank. In addition, another institutional investor Bamboo Capital Group (BCG) acquired one million TPB shares. After the transaction, Bamboo Capital (BCG) and related persons own 2.56 percent of TPBank’s capital.

At the price of 33,000 dong per share, TCD and BCG spent respectively 957 billion dong and 33 billion dong to purchase the above mention numbers of TPB shares.

In this issuance, there were also the participation of 12 individual investors. In particular, Nguyen Thi Khanh Ly purchased 10 million shares, raising her totals shareholding to over 29.3 million units, equivalent to 2.51 percent of TPBank’s capital; Nguyen Ha Long purchased over 19.5 million shares to increase his shareholding to 22 million units, equivalent to 1.88 percent of the bank’s capital.

Closing the session on September 20th, TPB market price stood at 40,100 dong per share. While most bank stocks have experienced strong corrections in the recent three months, TPB is the only stock that has moved upstream and set new highs.

 

Category: Finance, Vietnam

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