Insider's related party plans significant stock purchase in Song Da No. 11 JSC
ENERGY Vietnam Investment Company Limited, a related party to insider Bui Quang Chung, plans to exercise its rights to purchase 9,604,185 shares in Song Da No. 11 JSC. This transaction represents a significant investment, with an exercise value of VND124,854,405,000. Bui Quang Chung, who is director and legal representative of ENERGY Vietnam Investment Company Limited, currently holds 12,805,580 shares in Song Da No. 11 JSC, equivalent to 52.98% of the charter capital.
The rights exercise is based on a 4:3 ratio, meaning for every four existing shares, shareholders are entitled to purchase three new shares. Following this transaction, ENERGY Vietnam Investment Company Limited is expected to hold a total of 22,409,765 shares.
The planned trading period for this transaction is from September 17, 2025, to September 22, 2025. This move highlights a continued strategic investment in Song Da No. 11 JSC by a key affiliated entity.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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