Mr. Dang Thanh Tam's company has more than 147 million KBC shares unsold

(NLDO)- In this offering of 250 million KBC shares, only VPBank Securities Company bought the full 20 million shares as planned.

Kinh Bac Urban Development Corporation (stock code: KBC) has just announced the Resolution of the Board of Directors on approving the plan to handle remaining shares of the company's private share offering.

Specifically, out of 11 investors who registered earlier, only 6 investors paid to buy 102.9 million shares in Kinh Bac's offering of 250 million shares. The total amount paid to buy shares was more than VND2,459 billion.

Notably, only VPBank Securities Joint Stock Company (VPBankS) bought the full 20 million shares as planned, the remaining 5 investors only bought a portion of the registered shares. The related groups Dragon Capital and Prudential Vietnam did not buy, despite having registered.

KBC said it will continue to offer the remaining 147.1 million shares to domestic professional securities investors at an offering price of VND23,900/share.

Only VPBank Securities Joint Stock Company bought 20 million shares as planned.

The remaining shares distributed in this round will be restricted from transfer within 1 year from the end date of the offering.

According to the plan, if the private offering of 250 million shares is completed, Kinh Bac will increase the number of outstanding shares from more than 767.6 million shares to more than 1.01 billion shares, equivalent to charter capital of VND10,176 billion.

On the market, KBC shares closed on June 24 at VND25,800/share, 7% higher than the offering price. Compared to the beginning of June, this stock decreased by nearly 2% but compared to the beginning of 2025, it decreased by more than 5%.

In another move, Kinh Bac has just sent a document to the Ho Chi Minh City Stock Exchange regarding the use of related party assets to secure credit obligations.

Accordingly, Kinh Bac Board of Directors has approved the use of assets of Trang Cat Urban Development Company Limited to secure the company's credit obligations at financial institutions. Details of the assets were not disclosed by the enterprise.

Trang Cat is the investor of Trang Cat urban and service area project located in Trang Cat ward, Hai An district, Hai Phong city with an area of ​​over 584.9 hectares. The products include 8,655 townhouses, 3,256 villas, 7,178 apartments and 5,941 social housing units.

This enterprise is a subsidiary of Kinh Bac. Mr. Dang Thanh Tam is currently the Chairman of the Board of Directors of Kinh Bac, concurrently holding the position of General Director and legal representative of Trang Cat Urban Area.

Source: https://nld.com.vn/cong-ty-ong-dang-thanh-tam-e-hon-147-trieu-co-phieu-kbc-196250624181837942.htm