In the latest announcement, Dragon Capital Markets Limited (DC) reported the results of exercising the right to purchase HCM shares from Ho Chi Minh City Securities Corporation (HSC).
Specifically, Dragon Capital Markets Limited has purchased over 68.7 million HCM shares, increasing its ownership to over 226.8 million shares, equivalent to a 30.068% stake, and still remains the largest shareholder of HSC.
The transaction was executed on March 13, 2024. This is a buy-in activity during the rights offering of shares to existing shareholders of HSC at a 2:1 ratio (1 share receives 1 right to purchase, 2 rights to purchase are used to purchase 1 new share). The offer price was 10,000 dong/share.
Thus, the organization from Dragon Capital has spent nearly 690 billion dong to complete the purchase of HCM shares.
In contrast to the additional accumulation by foreign organizations, the State shareholder in HSC, Ho Chi Minh City Financial Investment Company (HFIC), continuously wants to sell all of its existing 105.77 million rights to purchase (equivalent to nearly 52.9 million shares) through auction on the HoSE.
However, in the first registration to sell, HFIC successfully sold 120,400 rights to purchase (equivalent to 60,200 shares) from February 28 to March 4, 2024.
HFIC then continued to register to sell the remaining 105.65 million rights to purchase (equivalent to over 52.8 million shares) through direct agreements with investors from March 12 to March 13. The organization has not yet reported the transaction results.
In the event that HSC successfully increases its capital and HFIC sells all the rights to purchase, the ownership ratio of this shareholder will decrease to 14% of the capital.
Regarding HSC, the tightening knot of capital increase was released after many years of “up, down”. The company has completed the announcement of the rights offering shares to existing shareholders (228.6 million shares – 2:1 ratio) and the issuance of dividend payment shares for the second phase of 2021 (68.6 million shares – 15% ratio). After successful implementation, HSC will increase its charter capital from nearly 4,581 billion dong to over 7,552 billion dong, ranking 5th in the industry.
In response to this information, HCM shares have had a relatively positive performance in recent months, closing the session on March 18 at 27,100 dong/share, up more than 14% since the beginning of the year.
