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). 

Powered by Froala Editor