HCMC – Binh Duong Water Atmosphere JSC (BWE) has accredited a board decision to purchase three million LAW shares, or a 24.5% stake, in Lengthy An Water Provide Sewerage JSC (LAW).
It’s doubtless that BWE would purchase the shares from DNP Holding Joint Inventory Firm (DNP), which has registered to promote three million LAW shares from March 15 to April 13.
If the deal is struck, LAW will turn out to be an affiliated firm of BWE, whereas DNP’s possession in it is going to drop to 12.65%.
By late final December, the provincial authorities of Lengthy An held 7.32 million LAW shares, equal to a 60% stake in LAW, whereas DNP owned 4.53 million shares, or a stake of 37.15%.
Lengthy An Water Provide Sewerage JSC, beforehand often called Water Provide Enterprise, was established in 1956. The corporate is managing and working three water provide crops, with a complete capability of 37,200 cubic meters per day.
It has began buying and selling its shares on the Unlisted Public Firm Market, or UPCoM, underneath the code LAW since December 2015. Final 12 months, the corporate posted VND245.1 billion in income and practically VND13.8 billion in revenue.
Closing the buying and selling session at the moment, March 15, BWE improved 0.23% towards the earlier session at VND44,200.
The rebound of financial institution and monetary service shares drove up the native inventory market, enabling the benchmark VN-Index of the Hochiminh Inventory Change to realize 22.06 factors, up 2.12% over yesterday’s session, at 1,062.19.
The southern bourse noticed advancers outnumbering decliners by 380 to 43, with 622.9 million shares valued at over VND10.6 trillion traded. There have been 73.7 million shares traded in block offers, contributing over VND1.6 trillion to the general worth.
Monetary service shares VND and SSI hit the higher restrict at the moment, rising to VND14,950 and VND20,350 per share, respectively. They had been additionally essentially the most traded shares available on the market with over 29.5 million shares and 28.4 million shares altering fingers.
On the Hanoi bourse, the HNX-Index added 4.46 factors, or 2.2%, day-on-day at 207.01, with 132 shares rising and 46 others dipping.
The Hanoi market noticed buying and selling quantity and worth barely greater than within the earlier session, with over 82.4 million shares price greater than VND1.1 trillion traded.
