Nearly 500 million ACB shares are coming to investor’s account

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HNX has just announced its approval to list an additional 500 million shares of ACB. This is the amount of shares issued by ACB to pay 30% dividend at the beginning of August.

The Hanoi Stock Exchange (HNX) has just announced its approval of listing additional ACB shares of Asia Commercial Joint Stock Bank. Total number of additional listed shares is 498.8 million shares.

Number of shares issued by ACB to pay 2019 dividend at the rate of 30% (shareholders who own 100 shares will receive 30 new shares).

After dividend payment, ACB’s chartered capital will increase from 16,627 billion dong to 21,616 billion dong. Thus, the number of outstanding shares of ACB increased to 2.16 billion shares.

Regarding ACB’s stock price movements, this ticker has been active in recent two months. Accordingly, ACB’s share price (after adjustment) continuously increased from 16,000 dong / share at the end of July to 22,500 dong / share at the close of September 23, equivalent to an increase rate of more than 40%.

Notably, this price is the highest of ACB’s shares in the past two years. Historical highest price zone of ACB is around 26,000 dong / share.

Gần 500 triệu cổ phiếu ACB sắp về tài khoản nhà đầu tư - Ảnh 1.

ACB’s stock price movements since the beginning of 2020. Photo: TradingView

More information, in early August, ACB Bank approved the plan to change listing from Hanoi Stock Exchange (HNX) to Ho Chi Minh City Stock Exchange (HOSE).

ACB believes that the exchange of exchanges can help increase the value of the stock market and bring benefits to shareholders, the VN-Index is highly representative of the stock market and is often used as a reference to measure investment efficiency.

Source: vietnambiz.vn – Translated by fintel.vn