AsemconnectVietnam - The Board of Directors of Vietcap Securities Joint Stock Company (VCI - HOSE) has just approved a plan to issue shares to increase share capital from equity, expected to be implemented in the third or fourth quarter of 2024.

Accordingly, the Company plans to issue 132.57 million bonus shares with a ratio of 10:3, meaning shareholders who own 1 share will receive 1 right, for every 10 rights they will receive 3 additional shares. These shares will not be subject to transfer restrictions, and the number of decimal shares (if any) will be cancelled.
The capital source for issuance is from undistributed after-tax profits, share capital surplus and reserve fund to supplement charter capital according to the 2023 audited financial report.
After issuance, Vietcap Securities will increase its charter capital from VND4,419 billion to VND5,744.7 billion.
In mid-June, the Company reported the results of successfully issuing 4.4 million ESOP shares to employees at a selling price of 12,000 VND/share. These shares will be restricted from transfer for 1 year from the date of completion of the issuance and the Company expects to transfer the shares in July or August 2024 after completing additional registration procedures at VDS and register for additional listing with HOSE.
At the annual General Meeting of Shareholders taking place in early April 2024, VCI set a revenue plan of VND2,511 billion and pre-tax profit of VND700 billion, an increase of 2% and 23% respectively compared to implementation in 2023. The plan was developed based on VN-Index around 1,300 points by the end of 2024. The dividend level will be authorized by the Board of Directors to decide, expected to be 5 - 10%.
At the end of the first quarter of 2024, Vietcap Securities recorded operating revenue of VND806 billion, a sharp increase of 62% over the same period with prosperity coming from all main business segments; Profit before tax reached VND227.5 billion, profit after tax reached VND198 billion, 2.7 times higher than the same period last year. Thus, in the first 3 months of the year, the Company has completed 32% of its set goals.
N.Nga
Source: VITIC/Tinnhanhchungkhoan