“Hòa Phát to Finalize Rights Issue of Over Half a Billion Shares on May 24th”

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Hoa Phat plans to issue nearly 581.5 million new shares to increase its charter capital from equity. The entitlement ratio is 10%, meaning that for every 10 shares owned, shareholders will receive 1 new share.

The total value of the issuance at par value is nearly VND 5,815 billion. The issuance capital will be sourced from Hoa Phat’s equity as of December 31, 2023, based on the audited 2023 financial statements, including nearly VND 3,212 billion from share premium and over VND 2,603 billion from undistributed post-tax profits.

After this issuance, Hoa Phat will solidify its position as one of the top 2 companies with the largest number of listed shares on the Vietnamese stock market, with approximately 6.4 billion shares, second only to VPB with 7.9 billion shares.

Top 10 Companies with the Largest Number of Listed Shares

As of April 26, Units: Billion shares

In recent developments, HPG recorded net revenue of nearly VND 30,900 billion in Q1/2024, up 16% year-on-year, and a net profit of nearly VND 2,900 billion, 7.2 times higher than the same period last year.

Vu Hao

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