BV Land will release more than 34.2 million BVL shares to swap Lilama Construction Investment shares at the ratio of 1:1 according to the approved plan, which means one Lilama Construction Investment share will be exchanged for one BVL share.

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

BV Land will release more than 34.2 million BVL shares to swap Lilama Construction Investment shares at the ratio of 1:1 according to the approved plan, which means one Lilama Construction Investment share will be exchanged for one BVL share.

The object of the stock swap includes two institutional shareholders, Bach Viet Group JSC and TG Capital JSC, along with four other individual shareholders of Lilama Construction Investment. Shares are restricted from being transferred for two years from the time of issuance.

People know that BV Land and Lilama Construction Investment are implementing two Bavella Lac Ngan projects in Viet Tri city (Phu Tho province) and BV Diamond Hill in Bac Giang city. The Bavella Lac Ngan project has currently granted a certificate of land use rights, ownership of houses, and other land-attached assets, which are eligible to transfer land use rights and sell homes under the project. Meanwhile, the BV Diamond Hill project is in the sales process, currently has nearly completed tower B, and tower A expects to finish at the end of December.

BV Land leaders said that after completing the M&A, the revenue and profit in the two projects implemented by both BV Land and Lilama Construction Investment, are going to account for the consolidated revenue and profit of BV Land in 2021 and 2022, and will have a positive impact on the business results of BV Land.

Along with the private placement of shares to swap with Lilama Construction Investment, BV Land has recently issued an ESOP of 1.1 million shares, equivalent to 5% of charter capital at the price of 10,000VND/share. . ESOP shares are limited from being transferred for two years from the time of issuance. The company will use VND11 billion from the proceeds from the ESOP issuance to pay for construction contracts.

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

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