The offering price of individual shares to foreign partners of Pomina (POM) is nearly double the market price.
Pomina Steel Joint Stock Company (stock code POM) approved the implementation of the first phase of private stock offering plan for strategic investors.
Accordingly, Pomina plans to issue more than 10.6 million shares at a price of 10,000 VND/share. The strategic partner is Nansei Steel Joint Stock Company - a Japanese steel enterprise. The number of shares issued corresponds to 3.65%. Release date is in the fourth quarter of 2023.
Notably on the market, POM shares have continuously decreased in recent months, currently trading around 5,200 VND/share. The offering price to strategic partners is nearly double the market price.
Previously, Pomina's 2023 annual shareholders' meeting approved a private placement plan for strategic shareholders with a total issued share of more than 70.1 million units. The number of shares issued in phase 1 accounts for about 15% of the total number of shares expected to be issued.
.png)
