News
Mekongfish bought 2.4 million treasury shares to stabilize prices
14:47 | 19/05/2020
Mekong Fisheries Joint Stock Company (stock code AAM) has just announced the Board of Directors' resolution on the approval of the company's treasury stock purchase plan.
Specifically, AAM will buy back 2.4 million shares, equivalent to 24.16% of outstanding shares to make treasury shares to stabilize stock prices in the market.
The company expects to trade by order matching method and agreement within 30 days from the date the State Securities Commission issues the official document to receive full documents.
The purchase price is determined according to the market price at the time of transaction to ensure compliance with the provisions of law (from VND 10,000 to VND 15,500 / share). The capital source comes from equity surplus and undistributed after-tax profit of the company.
Specifically, AAM will buy back 2.4 million shares, equivalent to 24.16% of outstanding shares to make treasury shares to stabilize stock prices in the market.
The company expects to trade by order matching method and agreement within 30 days from the date the State Securities Commission issues the official document to receive full documents.
The purchase price is determined according to the market price at the time of transaction to ensure compliance with the provisions of law (from VND 10,000 to VND 15,500 / share). The capital source comes from equity surplus and undistributed after-tax profit of the company.
