Vietnam Construction and Import-Export Joint Stock Corporation announces an Equity Buyback for 44,171,067 shares, for VND 1,644,113.22 million.
November 06, 2020 at 03:04 am
Vietnam Construction and Import-Export Joint Stock Corporation (HNX:VCG) announces a share repurchase program. Under the program, the company will repurchase up to 44,171,067 shares for a total of VND 1,644,113.21 million. The program will be funded from the equity surplus, undistributed profit after tax, and/or funds from the owners' equity according to the latest audited financial statement. The purpose of the program is to improve the efficiency of the company and increase value for shareholders. The program will expire on December 15, 2020. As of November 5, 2020, the company had no shares held in treasury.