Within a day, the group of leaders and related people at National Citizen Commercial Joint Stock Bank (NCB, stock code: NVB) collected more than 18.5 million rights.
Specifically, NCB’s Chair of the Board of directors (BOD) Nguyen Tien Dung purchased 10.6 million share purchase rights on May 10th. With this volume of rights, the volume of shares expected to be purchased is 6.572 million shares.
Dung’s sister-in-law Ta Thi Tu Trinh also bought more than 4.6 million share purchase rights in the same period. The number of shares corresponding to this volume of rights is nearly 2.9 million shares.
Along with that, Pham The Hiep, NCB’s acting general director also purchased more than 3.2 million share purchase rights, equivalent to nearly two million NVB shares. Hiep has just been appointed to this position on May 6th.
Thus, these three individuals collected more than 18.5 million share purchase rights, equivalent to more than 113 million shares of NCB on May 10th. This was also the deadline for transferring share purchase rights.
It is known that this volume of share purchase rights is included in the issuance of nearly 185 million shares with no restriction on transfer to existing shareholders in order to increase NCB’s charter capital. The implementation rate was 100:62 with issuing price of 10,000 dong per share. NVB shares are still currently traded below par value.
Previously, sharing that NCB’s 2019 annual general meeting, the bank’s leader said that in the period of 2019-2020, the bank will strive to raise charter capital to over 10 trillion dong in different forms, such as issuing shares to existing shareholders and employees in the first phase, at the same time seeking domestic and foreign partners with good financial capacity to participate in the process of capital raising.
