VVS successfully issues ver 1 million ESOP shares
Vietnam Machine Investment Development Joint Stock Company (VIMID, stock code: VVS) has successfully completed the issuance of shares under its Employee Stock Ownership Plan (ESOP) 2023.
On September 25, 2023, the State Securities Commission of Vietnam (SSC) officially announced the receipt of all required documents regarding VVS’s ESOP share issuance report on its website at www.ssc.gov.vn
On November 3, 2023, VIMID (stock code: VVS) successfully issued 1,025,000 ESOP shares, equivalent to 5% of its total outstanding shares, at an issue price of VND 14,000 per stock. These shares are subject to a one-year transfer restriction period.
The purpose of this stock issuance is to acknowledge the dedication, commitment, and contributions of VIMID’s employees to the company’s growth, while also motivating them to strive for further professional development and strengthening their long-term bond with the organization. This program serves as a form of recognition and encouragement from VIMID, aiming to enhance employees’ sense of ownership, responsibility, and benefits, as well as to attract and retain talented, experienced, and devoted personnel who will help ensure the company’s continued stability and sustainable growth.
In addition, the stock issuance aims to supplement working capital for business operations, in accordance with the content approved in Resolution No. 01/2023/NQ-ĐHĐCĐTN-MVN of VIMID’s 2023 Annual General Meeting of Shareholders, dated April 22, 2023.
On October 7, 2022, VIMID officially listed 20.5 million stocks on the UPCoM trading platform under the stock code VVS. VIMID’s core business activities include importation, distribution, warranty, and maintenance of trucks. The company employs over 400 staff members across a network of more than 20 branches nationwide.Up until now, VIMID has served millions of customers and contributed hundreds of billions of VND annually to the state budget. |
Featured news
Related news
Based on the nomination list and after careful evaluation, the Commendation and Reward Council has selected 22 outstanding VIMERS for Quarter 1 and Quarter 2 of 2021 according to the criteria and achievements attained by the employees.
Over more than 15 years of development, Vietnam Machine Investment Development Joint Stock Company (VIMID – stock code: VVS) has continuously expanded its service capabilities, enhanced after-sales quality, and solidified its position as a leader in the transportation industry. VIMID has built a comprehensive operational support ecosystem, encompassing products warranty and maintenance services, technical support, genuine spare parts, and roadside assistance—fully meeting the growing demands of customers in the rapidly expanding cross-border transportation market.
Recently, Vietnam Machine Investment Development Joint Stock Company (VIMID) was honored to be invited by Sinotruk Group to attend the 2023 Global Customer Conference held at the Shandong Conference Center, Jinan, China.