VPB - VPB’s 2022 PBT guidance blazes ahead of our forecast - AGM Note
  • 2022-04-29T00:00:00
  • Company Research

We attended VPB’s AGM on April 29. The meeting’s main agenda was to (1) propose business guidance for 2022, (2) seek approval to acquire OPES Insurance Company and (2) propose a capital raising plan. The capital raising plan includes (1) a stock dividend of 50%, (2) private placement of a 15% stake to a foreign strategic shareholder and (3) ESOP issuing 30 million shares (equivalent to 0.675% of current outstanding shares). 


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