On April 05, 2019, the Mobifone Corporation reports the result of divestment in Tien Phong Commercial Joint Stock Bank (TPB) – phase 2 as follows:
Information on transaction:
- Company name: Mobifone Corporation
- Address: Mobifone Building, lot VP1, Yen Hoa Ward, Cau Giay District, Ha Noi City.
- Number of shares holding before trading: 5,549,914 shares, equivalent to the holding ratio of 0.83%
- Number of registered shares to sell: 5,549,914 shares
- Sold volume: 0 share
- Beginning price: 25.725 dongs/share
- Total amount: 0 dongs
- Number of shares holding after trading: 7,110,271 shares (because TPBank paid dividend and bonus shares in stock of 1,560,357 shares).
- Holding ratio after the trading: 0.83%
- Trading method: order matching and put through
- Exchange floor: HOSE
- Trading time: from December 10, 2018 to March 31, 2019.
- Reason for the divestment is unsuccessful: On December 07, 2018, TPBank pays dividends and bonus shares in stock to existing shareholders. This leads to market price adjustment lower than the beginning price offered.