According to the approved plan, BV Land will issue more than 34.2 million BVL shares to exchange for Lilama Construction Investment shares at the ratio 1:1, corresponding 01 Lilama Construction Investment share will be exchanged for 01 BVL share.

 

On December 23, 2021, the State Securities Commission (SSC) received the registration file for private placement of BV Land JSC (Stock Code: BVL) to swap shares for shareholders of Investment JSC. Lilama Construction.

According to the approved plan, BV Land will issue more than 34.2 million BVL shares to swap Lilama Construction Investment shares at the ratio 1:1, corresponding to 01 Lilama Construction Investment share will be exchanged for 01 BVL share.

Subjects of the stock swap includes 2 institutional shareholders, Bach Viet Group JSC and TG Capital JSC, along with 4 other individual shareholders of Lilama Construction Investment. Shares are restricted from being transferred for 1 year since the time of issuance.

It is known that BV Land and Lilama Construction Investment are jointly implementing two Bavella Lac Ngan projects in Viet Tri City and BV Diamond Hill Hospital in Bac Giang City. Currently, Bavella Lac Ngan project has been granted a certificate of “Land Use Right’’, ownership of houses and other land-attached assets, as well as being eligible to transfer land use rights and sell houses under the project. Meanwhile, the BV Diamond Hill project is in the process of selling, and has currently topped out tower B. Tower A is expected to be topped out at the end of December.

BV Land leaders stated that after completing the M&A, the revenue and profit from the two projects above implemented by both departments will be accounted into the consolidated revenue and profit of BV Land in 2021 and 2022, which has a positive impact on business results of BV Land.

Along with the private issuance of shares to swap with Lilama Construction Investment, BV Land has recently issued 1.1 million ESOP shares, equivalent to 5% of charter capital at the price of 10,000 VND/share. ESOP shares are limited to transfer for 1 year since the time of issuance. The proceeds from the ESOP issuance of VND11 billion will be used by the company to pay for construction contracts.

BVL shares are currently trading on UPCom with the closing price on 24/12 at 42,300 VND/share. The company is currently planning to list on HoSE in 2022.