VietJetAir to sell all 17.77m treasury shares
VietJetAir has approved a proposal to sell all 17.77m of its treasury shares, equivalent to 3.28% of its charter capital, to generate funds to support its expansion in 2021 once the pandemic recedes, the airline revealed March 8. The expected implementation time for the measure is the first or second quarter of this year, not exceeding 30 days after being approved by the State Securities Commission of Vietnam. With the privately-owned low-cost carrier’s shares closing at VND136,000 dong (US$5.88) on March 8, the company would earn over VND2.4t (US$104m) from the deal, VietnamFinance reported. VietJetAir acquired the shares in August 2019 for VND132,063 (US$5.72) each, thus transforming them into treasury stock.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-03-12/unaligned/vietjetair-to-sell-all-17-77m-treasury-shares
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VietJetAir to sell all 17.77m treasury shares
VietJetAir has approved a proposal to sell all 17.77m of its treasury shares, equivalent to 3.28% of its charter capital, to generate funds to support its expansion in 2021 once the pandemic recedes, the airline revealed March 8. The expected implementation time for the measure is the first or second quarter of this year, not exceeding 30 days after being approved by the State Securities Commission of Vietnam. With the privately-owned low-cost carrier’s shares closing at VND136,000 dong (US$5.88) on March 8, the company would earn over VND2.4t (US$104m) from the deal, VietnamFinance reported. VietJetAir acquired the shares in August 2019 for VND132,063 (US$5.72) each, thus transforming them into treasury stock.<br/>
