CIC Group (CKG): Individual investors spent about 90 billion VND to become a major shareholder

(ĐTCK) An individual investor spent about 90 billion VND more to buy shares and became a shareholder owning 6.18% of capital at Kien Giang Construction Investment Consulting Group Joint Stock Company (CIC Group, code CKG – HOSE floor).

On September 27, individual investor Nguyen Xuan Dung just bought an additional 3,786,260 CKG shares, increasing his ownership from 2.21% to 6.18% of charter capital and officially becoming a major shareholder at CIC Group Company.

If calculated based on the closing price on September 27 of 23,800 VND/share, it is estimated that Mr. Dung spent about 90 billion VND to increase his ownership to 6.18% of charter capital and officially become a major shareholder. at CIC Group Company.

It is known that by the end of 2022, CIC Group Company has only one major shareholder, Mr. Tran Tho Thang, Chairman of the Board of Directors, owning 8.31% of charter capital.

In the opposite direction, from October 3 to November 1, Mr. Tran Quoc Truong, Deputy General Director of CIC Group Company registered to sell 200,000 CKG shares, reducing ownership from 0.88%, to 0.67 % Authorized capital.

From September 29 to October 28, Ms. Tran Thi Mai Huong, Deputy General Director at CIC Group also registered to sell 385,000 shares to reduce ownership from 0.69%, to 0.288% of charter capital.

Of these, two transactions of Ms. Tran Thi Mai Huong and Mr. Tran Quoc Truong are expected to be carried out by negotiated transaction method.

CIC Group returns to the plan of private offering of 13.4 million shares

A notable development, previously, on September 11, CIC Group approved the continued implementation of the plan to offer 13,400,219 individual shares to professional securities investors according to the Resolution of the General Meeting of Shareholders. Annual General Meeting of Shareholders 2021 dated June 19, 2021 and Resolution of the 2022 Annual General Meeting of Shareholders dated June 17, 2022.

It is known that initially, CIC Group planned to issue 13,400,219 individual shares at a price of 15,000 VND/share to mobilize more than 201 billion VND from 27 investors. Issued shares are restricted from transfer for 1 year from the date of issuance. Of the mobilized amount, the Company plans to use 97.3 billion VND to pay debts to construction units; 96.8 billion VND to pay off due debts; and the remaining 6.9 billion VND to pay for materials, salaries, and staff wages.

However, in the document of the 2023 Annual General Meeting of Shareholders held on June 9, the Company presented to shareholders a plan to cancel the plan to sell 13,400,219 individual shares to professional securities investors with The reason the issuance plan lasts for more than 2 years has not yet been implemented and this issuance is no longer suitable for the need to use capital to serve the Company’s production and business activities in the period 2023-2025.

At the same time, CIC Group presented shareholders with a plan to call for new capital from existing shareholders instead of issuing individual shares.

In particular, the Company plans to offer 50% to existing shareholders. Shareholders who own 2 shares will have the right to buy 1 new share at a price of 12,500 VND/share.

In the plan to call for capital from existing shareholders, CIC Group is estimated to issue more than 47.6 million additional shares to mobilize 595.37 billion VND. Of which, the mobilized amount was mainly used 357.61 billion VND to pay costs for the construction unit; VND 218.16 billion to pay short-term bank loans; and 19.6 billion VND to pay labor costs.

Closing the trading session on September 29, CKG shares decreased by 200 VND to 24,000 VND/share.