Unprofitable companies scramble to raise capital Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
08/05/2021 08:25 GMT+7
The stock market is the driving force for listed companies to strongly issue shares to increase capital. However, it is when unprofitable listed companies scramble to issue volumes of shares that the market becomes susceptible to facing many risks.
TTF with loss of VND 3,000 bn issued shares to mobilize VND 1,000 bn.
Continuous losses
According to Fiinpro data, in the first quarter of 2021, there were 43 listed companies mobilizing nearly VND 19,800 bn for issuing about 1.1 billion shares to existing shareholders, equivalent to 70% of issue value of the whole year of 2020. This is the highest level in terms of both volume as well as value of issue increased quarterly, ever since the outbreak of the Covid-19 pande
Natuzzi S.p.A.: Natuzzi Announces Consolidated Results for the Fourth Quarter and Full Year 2020
ORDER BACKLOG STILL AT HIGHER-THAN-USUAL LEVELS
SIGNED A PRELIMINARY AGREEMENT TO DEVELOP BUSINESS IN THE REST-OF-APAC REGION
The Board of Directors of Natuzzi S.p.A. (NYSE: NTZ) ( Natuzzi or the Company ) approved today its 2020 fourth quarter and full year unaudited consolidated financial results and the Company s draft stand-alone financial statements. The stand-alone financial statements of the Company for the year ended December 31, 2020 will be approved by the Company s shareholders on a meeting to be held on first call, on April 30, 2021, or, on second call, on May 7, 2021.
Natuzzi Announces Consolidated Results for the Fourth Quarter and Full Year 2020 yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Kienlongbank sets strategic goals for 2021 11:00 | 01/02/2021
Kienlongbank has put the settlement of non-performing loans and digital transformation as its top priorities in 2021
Tran Tuan Anh, member of the Board of Directors cum general director of Kienlongbank said that at the end of 2020, the total consolidated assets of the bank reached VND57.282 trillion($2.5 billion), up 12.09 per cent compared to 2019.
Consolidated pre-tax profit of the bank reached VND158.21 billion ($6.9 million), up 84.14 per cent on-year.
Accordingly, Kienlongbank in 2020 aimed to settle loans with collateral shares related to Sacombankâs shares, under the Kienlongbank restructuring and bad debt settlement plan.
However, Anh stated that the COVID-19 health crisis hampering the bankâs plans to handle Sacombankâs shares. As of December 31, 2020, Kienlongbank could only sell a part of its Sacombankâs shares, thus reducing VND369 billion ($16 million)