AsemconnectVietnam - With an outstanding loan balance of VND19,054.1 billion, VNDirect Securities Corporation (code VND - HOSE) approved an additional credit limit of VND10,000 billion at the bank.

VNDirect Securities approved the use of loans and guarantees at Vietnam Joint Stock Commercial Bank for Industry and Trade with a total limit of VND10,000 billion. Of which, the maximum short-term loan limit is VND10,000 billion and the maximum loan guarantee limit is VND4,500 billion.
It is known that at March 31, 2024, VNDirect Securities recorded a total short-term and long-term loan balance of 10.4% lower than the beginning of the year, equivalent to a decrease of VND2,214.4 billion, to VND19,054.1 billion and equal to 111.3% of equity.
Notably, on May 30, VNDirect Securities will close the shareholder list to pay dividends in shares at a rate of 5%, equivalent to issuing approximately 60.89 million additional shares; and offer to existing shareholders at a ratio of 5:1, equivalent to offering an additional 243.57 million shares at a price of VND10,000/share, raising VND2,435.7 billion.
The proceeds from the additional share offering, VNDirect will use to supplement capital for securities margin lending activities, investment activities in valuable papers on the market, securities underwriting activities, issuance and distribution of secured warrants.
The transfer period for the right to purchase additional shares is from June 6 to June 26, the registration period for purchase orders and payment for shares is from June 6 to July 3.
After the issuance is completed, the charter capital of VNDirect Securities will be increased from VND12,178 billion to nearly VND15,223 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan