With only 70 billion, Masan leaders are about to pocket 700 billion worth of shares
On May 30, 2022, Group Joint Stock Company Masan (MCK: MSN) announces the issuance of shares under the employee selection program (ESOP) to recognize employees’ contributions to the company, subsidiaries and affiliates of Masan Group during the year via.
With an issue price of 10,000 VND/share, Masan plans to issue 7,083,207 VND share with a total issuance value at par value of more than 70 billion dong, equivalent to nearly 0.5% of total shares.
These shares will be restricted from being transferred within 1 year from the end of the issuance. The time to receive money to buy shares is from May 30, 2022 to June 8, 2022.
MSN stock market price
Currently on the market, MSN shares are trading around 110,000 VND/share, equivalent to 11 times higher than the expected issuance value of 10,000 VND/share.
Based on the current market price of MSN shares, if the issuance is successful, Masan leaders will receive more than 700 billion VND worth of shares.
It is known that this is the 7th year in a row that Masan has implemented the ESOP program for workers.
Regarding the business plan in 2022, Masan Group’s consolidated net revenue is estimated to be from VND 90,000 to VND 100,000 billion, up 22% – 36% compared to 2021. In fiscal year 2021, revenue from business segments serving consumers (excluding animal feed and Masan Consumer Holdings) contributes 68% to total revenue and is expected to grow to 85% in 2022.
The target profit after tax is about VND 6,900 – 8,500 billion, up 82% – 124% compared to the previous year (after excluding one-time income and contributions from the animal feed segment in 2021). If not excluded, profit decreased by 16% – 32% compared to the same period last year.
Previously, on May 9, Masan listed an additional 236.1 million shares after issuing more shares to increase equity at the rate of 20%. The total issuance value at par value is 2,361 billion dong, thereby raising the charter capital of the company to 14,166 billion dong.
at Blogtuan.info – Source: Soha.vn – Read the original article here