Deo Ca Transport Infrastructure Investment Joint Stock Company ( stock code: HHV) - the unit operating key infrastructure projects in the Deo Ca Group ecosystem - has just announced an increase in charter capital to VND 4,737 billion after the individual stock offering in 2024.
According to Resolution No. 23/2025/NQ-HDQT issued by the Board of Directors of HHV on May 13, 2025, the company has completed the individual issuance of 41.5 million shares, equivalent to a total added value of VND 415 billion. Thus, the company's charter capital was adjusted from VND 4,322 billion to VND 4,737 billion, divided into 473.75 million shares, with a face value of VND 10,000/share.
This issuance has been confirmed by the State Securities Commission for distribution results according to the results report No. 439/2025/BC-HHV dated May 8, 2025. The State Securities Commission also requested HHV to coordinate with the Securities Depository Center and the Ho Chi Minh City Stock Exchange to carry out procedures for registration, storage and listing additional new shares.
It is known that the issuance of individual shares has been approved by HHV from the 2024 Annual General Meeting of Shareholders, along with a series of resolutions of the Board of Directors from August 2024 to May 2025. The capital increase is to serve the financial scale expansion strategy and prepare for new investment plans in the transport infrastructure sector.
HHV is one of the key companies in the ecosystem of Deo Ca Group, directly managing and exploiting many important BOT projects such as Deo Ca tunnel, Cu Mong tunnel, Hai Van 2 and the main arteries of the Central - Central Highlands. This capital increase comes in the context of the Government strongly promoting public investment disbursement, with transport infrastructure continuing to be a priority capital sector.
In the stock market, HHV is often identified by investors as the "BOT investor arm" of Deo Ca, with stable cash flow from operating toll collection projects, and the ability to mobilize capital flexibly through stock channels and corporate bonds.
According to the financial report, HHV's after-tax profit in the first quarter of 2025 reached nearly 173 billion VND, an increase of more than 51% over the same period. The revenue structure shows that 70% of revenue still comes from BOT fee collection activities, equivalent to more than 526 billion VND. Meanwhile, financial expenses in the first quarter of 2025 continued to increase by 5.94%, mainly from interest rates, showing that financial pressure on businesses still exists.
It is worth noting that only a few days after the end of the first quarter, HHV has completed the issuance of 41.5 million individual shares, raising the charter capital to more than 4,737 billion dong. The release took place in a separate form, not announcing the identity of shareholders. With the release equivalent to nearly 10% of the circulating shares, this is a factor that can cause concerns about the risk of diluting the existing shareholder rights in the short term.
