Dat Xanh Services: leading real estate brokerage staging IPO

Mar 30th at 20:52
30-03-2021 20:52:48+07:00

Dat Xanh Services: leading real estate brokerage staging IPO

After careful preparation and drastic deployment, on March 23, Dat Xanh Real Estate Service JSC (Dat Xanh Services) was granted a certificate by the State Security Commission of Vietnam for the registration of initial public offering.

Dat Xanh Services: leading real estate brokerage staging IPO
Dat Xanh Services will offer 71,66 million shares at its IPO

From March 31, 2021, Dat Xanh Real Estate Service JSC officially launched an initial public offering (IPO) together with listing shares on the Ho Chi Minh City Stock Exchange in order to increase transparency in the operations and business activities of the company, creating favourable conditions and diversifying methods of capital mobilisation in the stock market. The company will use the entire amount raised from the issuance to serve the company's operations and business activities.

The specifics are as follows:

1.Stock name: Dat Xanh Real Estate Service Joint Stock Company.

2.Stock type: Common stock.

3.The number of shares offered: 71,660,228 shares, of which:

a.Number of shares offered by the issuing organisation: 35,830,114 shares; accounting for 11.11 per cent of the number of shares of the same type in circulation

b.The number of shares offered for sale: 35,830,114 shares.

i.In which:

1.The ratio of the number of the shares offered for sale and the total number of shares owned: 13.20 per cent

2.The ratio of the number of the shares for sale and the total number of outstanding shares of the same type of public company whose shares are offered for sale: 11.11 per cent.

4.Offering price: VND32,000 per share.

5.Total value of expected mobilised capital: VND2,293,127,296,000, in which:

a.The value of capital raised by the issuer: VND1,146,563,648,000;

b.Value of capital collected from shareholders: VND1,146,563,648,000.

6.Distribution method: Through the issuing agent.

7.Minimum subscription amount: 1,000 (one thousand) shares, registered in multiples of 100 shares.

8.Time to receive subscriptions: From March 31, 2021 to April 19, 2021.

9.Time to receive stocks purchasing payment: From March 31, 2021 to April 19, 2021.

10.Where to register to buy shares:

- Viet Capital Securities JSC (VCSC)

- Ho Chi Minh City Securities Corporation (HSC)

- MB Securities JSC (MBS)

- Mirae Asset Securities (Vietnam) LLC (MIRAE ASSET)

- SSI Securities Corporation (SSI)

- VNDIRECT Securities Corporation (VNDIRECT)

- Yuanta Securities Vietnam Limited Company (YUANTA)

- VPS Securities JSC (VPS).

11.Blocked account to receive shares purchasing transfer:

- Name of account: Dat Xanh Real Estate Service JSC

- Account number: 113 002 873 493

- Operated at: Vietnam Joint Stock Commercial Bank for Industry and Trade - Thu Thiem branch.

12.Location of prospectus announcement and offering documents:

Website of Dat Xanh Real Estate Service JSC:

https://datxanhservices.vn/cong-bo-thong-tin

Website of Group Dat Xanh Real Estate: www.datxanh.vn

VIR





RELATED STOCK CODE (3)

NEWS SAME CATEGORY

Investors give EVN Genco 2 cold shoulder at IPO

Despite Power Generation Corporation 2 (EVN Genco 2) owning substantial interests in several thermal and hydropower plants, 99.97 per cent of the stake it offered...

Khai Hoan Land to file for IPO

Khai Hoan Land Real Estate JSC has just announced the resolution of its General Meeting of Shareholders, which approved the plan to file for an initial public...

Vietnam power utility unit to go public

A $2-billion power generation unit of state-owned utility Vietnam Electricity (EVN) will have an initial public offering on the country’s main bourse next month.

EVNGENCO 2 to sell over 581 million shares through IPO

Power Generation Corporation 2 (EVNGENCO 2), a subsidiary of Vietnam Electricity, plans to sell over 580.12 million shares, or 48.8875 per cent of its charter...

ABBank to go public on UPCoM

Ho Chi Minh City-based privately-held lender ABBank is going to file for an initial public offering on the UPCoM.

FE Credit could file for IPO in third quarter next year

FE Credit, the biggest consumer finance player in Vietnam and a subsidiary of VPBank, is allegedly preparing for its initial public offering (IPO) in the third...

FWD Group prepares for $3 billion IPO

FWD Group, the Asia-focused insurer backed by billionaire Richard Li, is preparing for its upcoming initial public offering (IPO) in Hong Kong.

SeABank plans to file for IPO

The Board of Management at SeABank has recently approved a strategic plan to raise its charter capital to VND12.088 trillion ($525.57 million),then file for an...

COVID-19 hampers IPO plans of local startups

The COVID-19 lockdown has forced local tech startups to put their plans of staging initial public offerings on hold.

Meeting ambitious divestment targets

Despite the government’s effort to accelerate state capital divestments and state-owned enterprise equitisation in the second half of the year, it remains a...


MOST READ


Back To Top