Dabaco raises nearly $52.3 million from stock offering

Workers packaging boiled eggs at a plant of Dabaco. — VNA/VNS Photo

HÀ NỘI — Dabaco Group said that it is close to finalising its stock offering for current shareholders and the distribution of shares via an Employee Stock Ownership Plan (ESOP).

Particularly, over 80.6 million shares were made available at VNĐ15,000 per share with a rate of 3:1, meaning that shareholders are allowed to purchase one new share for every three owned.

As of August 15, shareholders had subscribed and paid for more than 77.8 million shares, generating nearly VNĐ1.2 trillion (US$46.9 million).

With approximately 2.8 million shares left, the company is extending the offering to other investors at a price not below VNĐ15,000 per share, attracting interest from 15 retail investors who have committed to purchasing the remaining shares.

The payment period runs from August 26 to 29.

In the ESOP issuance scheme, Dabaco intends to release 12 million shares at a price of VNĐ10,000 per share. As of the close of the offering period on August 15, more than 11.7 million ESOP shares were subscribed and paid for, amounting to VNĐ117.3 billion.

With 270,000 remaining ESOP shares, the company continues distribution to staff members in a hierarchical manner (including board members, members of the General Director’s Office, departmental managers and equivalents) at the same rate of VNĐ10,000 per share.

That payment period is from August 26 to 29.

If all remaining shares are allocated, the anticipated total proceeding could reach approximately VNĐ1.33 trillion.

This sum is expected to be invested in its subsidiary, Dabaco Vegetable Oil Company, for the establishment of a soybean oil crushing and refining plant. — VNS