It plans to sell 300 million shares at VND10,000 (43 cents) at a ratio of 422 shares to every 1,000 held, it said in a statement. The issue opened on Monday.
But with its share trading at VND3,990 (17 cents) on Wednesday morning, it is not clear how the company plans to persuade shareholders to buy at par.
FLC has a charter capital of almost VND7.1 trillion ($305 million), and the new issue will increase it to VND10.1 trillion ($434 million).
The money raised will be invested in some property developments and used to increase the charter capital of its Bamboo Airways from VND1.3 trillion ($56 million) to VND2 trillion ($86 million), the company said.
FLC Group is one of Vietnam’s largest private companies with interests in property, aviation, agriculture, finance, and golf.
In the first half of this year its revenues rose 19 percent year-on-year to VND6.23 trillion ($268 million) while pretax profit fell 23 percent to VND151 billion ($6.5 million).
Từ vựng liên quan
Tin tức liên quan
The U.N. Development Program has announced a partnership with the start-up incubator Hatch Ventures to facilitate innovative action for social good among Vietnam's youth.
Northern Hai Duong Province registered 37 more Covid-19 cases Thursday morning, raising Vietnam's domestic tally to 366 since community transmission resurfaced a week ago.
Forty-eight percent of Vietnamese consumers buy premium products online from local retailers, with cosmetics the top category, a report says.
'Crew completely ill-equipped to handle the situation,' the 1980s pop star said in a Facebook post.
Multiple violations in the planning of a new urban area have forced some Saigon families to live in slums.
The search zone for the crashed EgyptAir jet has been narrowed to 2 km (1.24 miles) from 5 km after a vessel picked up a signal from one of the black boxes, an Egyptian source on the investigation committee said on Thursday.
‘123456’ was among the most leaked passwords in Vietnam, with over 3.4 million uses last year, posing a cybersecurity risk that hackers can exploit, the information ministry said.
Vietnam's recording industry association told karaoke businesses to take copyright laws seriously.
Artworks created by the Yuendumu, an Aboriginal community in Australia, are on public display at a gallery in downtown HCMC until July 17.