Coteccons Construction Joint Stock Co (CTD encoded) has recently approved stock purchase shares of shares in the stock market to stabilize stock prices and increase shareholder value.
Therefore, Coteccons wants to buy 3.8 million shares for treasury shares. Purchase time is expected after the official letter from the SSC and current regulations.
The purchase price is 140,000 VND / share, which is 180,000 VND / share. Specifically, Coteccons spent $ 532- $ 684 million on purchasing treasury shares. Capital shares come from capital surplus.
In the market, CTD shares are diminishing significantly in the last two years, 150,500 VND / shares have been marketed and lost 1/3 of value compared to the beginning of 2018.
CTD shares negotiation last year.
Business results In the first 9 months of 2018, Cotecons's revenues totaled $ 20,737 million, up 14% on the same period last year. However, the higher cost of profit-making taxes was VND 1,191 million. In the first nine months of 2017 (VND1.190 million).
Since the third quarter of 2019, Coteccons earned a net profit of non-profit VND1.285 million. There are more than $ 3,016 million of development investment and nearly $ 3 billion. The constant amounts were VND8,081 million, net assets totaling VND784 million.