Dat Phuong Group (DPG) has announced its plan to issue nearly 17.8 million private shares to increase its equity capital. The Board of Directors has approved the resolution for the share sale at a price no less than 1.5 times the book value of the shares. These shares will be offered to a maximum of 20 professional investors in 2025 or 2026 pending approval from the State Securities Commission.
The purpose of the share issuance is to raise funds for investment activities, equipment purchases, and enhance financial capacity. Proceeds from the sale will be allocated to investment projects and working capital. Additionally, Dat Phuong plans to exercise its right to buy approximately 8 million shares of its subsidiary, Kinh Dat Phuong, valued at nearly 80.3 billion VND. Once completed, Dat Phuong will hold 80.75% equity at Kinh Dat Phuong.
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