Danang Housing Investment and Development JSC announces an Equity Buyback for 500,000 shares, for VND 6,915.5 million.
April 16, 2018 at 03:40 am EDT
Danang Housing Investment and Development JSC (HNX:NDN) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares at a purchase price of VND 13,831 per share being the average price of last 60 sessions, for a total consideration of VND 6,915.5 million. The purpose of the program is to reduce number of outstanding shares, transaction support, and value addition to shareholders. The company’s retained earnings will be utilized to make the repurchases. The repurchase program is valid till May 18, 2018.