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
UNDP teams up with Vietnamese start-up hub to drive social innovation
news | 263246521The 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.
Apple supplier Foxconn unveils electric vehicles
world | 346896501Taiwanese tech giant Foxconn unveiled three electric vehicles on Monday, boosting its bid to be a major player in the rapidly expanding EV market as it seeks companies to partner with.
37 new infections recorded in Vietnam's Covid-19 hotspot
news | 136506549Northern 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.
Nearly half of Vietnamese shoppers buy premium products online
data-speaks | 174466542Forty-eight percent of Vietnamese consumers buy premium products online from local retailers, with cosmetics the top category, a report says.
Pop star Richard Marx helps restrain crazed passenger on Korean Air flight from Hanoi
news | 348546498'Crew completely ill-equipped to handle the situation,' the 1980s pop star said in a Facebook post.
HCMC urban planning ‘mistakes’ cost Thu Thiem families dear
news | 67366555Multiple violations in the planning of a new urban area have forced some Saigon families to live in slums.
EgyptAir black box search zone narrowed after signal detected
world | 250026518The 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 most 'leaked' password in Vietnam: ministry
news | 398896494‘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.
Karaoke bars told to pay annual royalty fee of 9 cents per song in Vietnam
business | 126476555Vietnam's recording industry association told karaoke businesses to take copyright laws seriously.
'Yuendumu Doors' opens window into Australian aboriginal culture
culture | 397786496Artworks created by the Yuendumu, an Aboriginal community in Australia, are on public display at a gallery in downtown HCMC until July 17.