Accordingly, HSC plans to issue approximately 360 million shares at a 2:1 rights exercise ratio, meaning that shareholders owning 1 share will receive 1 right, and every 2 rights will be entitled to buy 1 new share, with an issue price of VND 10,000/share.
The number of decimal shares (if any) and the number of shares that existing shareholders do not register to buy or pay for will continue to be distributed to other domestic investors at a price not lower than VND 10,000/share. These shares will be restricted from transfer within 1 year from the date of closing the offering.
The transfer period of purchase rights is from July 14, 2025 to August 8, 2025, and purchase rights can only be transferred once to other entities within the prescribed period. The registration period for purchase orders and payment for purchase of shares is from July 14, 2025 to August 13, 2025. The purchased securities are freely transferable.
If the offering is 100% successful, the securities company will increase its capital from VND7,208 billion to more than VND10,800 billion.
The expected proceeds from the offering will be used for the purpose of supplementing capital for margin lending activities with an allocation ratio of 70%, and 30% will be used to supplement capital for proprietary trading activities.
Regarding business results, in the first quarter of 2025, HSC recorded total operating revenue of nearly VND 1,000 billion, an increase of 15.9% over the same period last year.
However, expenses also increased sharply from VND414 billion to VND613 billion. Mainly due to the cost of financial asset provisions, handling bad receivables and financial asset impairment losses, borrowing costs of loans tripled to VND302 billion. Accordingly, HSC Securities reported a decrease in after-tax profit of 18% to VND227 billion.
Thus, with the 2025 plan of revenue of VND 4,438 billion and profit after tax of VND 1,282 billion, at the end of the first quarter, HSC has completed 22.5% and 17.7% of the set targets, respectively.
Source: https://baovanhoa.vn/kinh-te/hsc-phat-hanh-them-gan-360-trieu-co-phieu-cho-co-dong-142687.html
Comment (0)