For securities companies, the race to increase capital is taking place strongly as the market gradually meets strict standards and takes important steps in the process of upgrading the Vietnamese stock market from frontier to emerging.
At the same time, businesses have an urgent need to supplement operating capital, especially margin lending. Therefore, the wave of capital increase of securities companies is taking place vigorously.
Most recently, Ho Chi Minh City Securities Corporation (HSC, code: HCM) announced a plan to offer nearly 360 million additional shares to shareholders, with the expected offering date in 2025. If successful, HSC will increase its charter capital to VND10,800 billion.
Of the nearly VND 3,600 billion raised from the offering, the company plans to allocate nearly VND 2,520 billion to supplement capital for margin lending activities and nearly VND 1,080 billion to supplement capital for proprietary trading activities. The expected disbursement time is in 2025.
Similarly, ACB Securities Company Limited (ACBS) also plans to increase its capital by another VND3,000 billion, up to VND10,000 billion. Previously, this securities company increased its capital from VND3,000 billion to VND4,000 billion in the fourth quarter of 2023 and continued to increase it to VND7,000 billion in the first quarter of this year.
In addition to the two above-mentioned enterprises, recently, a series of companies have increased capital, including: MB Securities issued 109 million shares, raising charter capital to nearly 5,500 billion VND; SSI issued more than 453 million shares, increasing capital from 15,111 billion VND to nearly 19,645 billion VND; VNDirect successfully offered nearly 244 million shares, raising charter capital from 12,178 billion VND to 15,223 billion VND...
For the logistics industry group, the "famous" enterprise in the seaport sector, Gemadept Joint Stock Company (HoSE: GMD), has approved the offering of nearly 104 million shares at a price of VND29,000/share. The expected time is from November 6, 2024 to November 15, 2024.
The expected revenue is about VND3,001 billion. The company will spend nearly VND558 billion to increase capital contribution to Nam Dinh Vu Port Joint Stock Company (a subsidiary 60% owned by GMD); spend VND2,213 billion to purchase fixed assets, including 3 ships with a capacity of about 1,800 TEU (worth VND1,350 billion); 2 STS cranes with a lifting capacity of 85 tons (worth VND654.5 billion) and 7 barges with a capacity of 248 TEU (worth VND208.5 billion).
Not out of this wave, many real estate giants also announced plans to increase "huge" capital.
In particular, Becamex IDC (code: BCM) plans to issue 300 million shares to raise at least VND15,000 billion to develop a series of key industrial parks, contribute capital to existing companies, and restructure the corporation's finances. Of which, VND6,300 billion will be used for project investment, VND3,634 billion will be used for capital contribution to existing members, and VND5,066 billion will be used for financial restructuring.
Another big player, Kinh Bac Urban Development Corporation - JSC (Code: KBC), also plans to issue 250 million individual shares, with a price not less than 80% of the average closing price of the previous 30 sessions. The estimated value of money collected after this issuance is about 6,000 billion VND.
