VNDIRECT (VND) has announced that September 11th is the record date for its upcoming cash dividend payment. The company will be distributing a dividend of VND500 per share, totaling VND761 billion, to shareholders. With over 1.52 billion shares outstanding, major shareholder I.P.A Investment Group will receive approximately VND196 billion, while Chairwoman Pham Minh Huong is expected to collect nearly VND18 billion.
HoSE has also notified that August 22nd is the effective date for the change in listing of over 304 million VND shares of VNDirect. These shares were offered to the public and issued as stock dividends. Of these, nearly 295 million shares will be credited to investors’ accounts and available for trading from September 4th, 2024. The remaining shares, allocated to investors who did not exercise their rights, will be restricted from transfer for one year, with a trading date set for July 14th, 2025.
VNDIRECT raised VND2,436 billion from this offering, increasing its charter capital to over VND15.2 trillion. This makes it the largest securities company by charter capital in the market, surpassing SSI. The company’s AGM also approved proposals for private placements, an ESOP program, and bonus share issues to employees, with a timeline spanning 2024 to 2026. If all these proposals are realized, VNDIRECT’s charter capital will exceed VND18,300 billion.
In terms of business performance, VNDirect reported a slight 1% decrease in operating revenue for the first half of 2024, totaling VND2,843 billion. However, its pre-tax profit increased by 70% compared to the previous year, reaching VND1,193 billion, which is 47% of the full-year plan.
On the market, VND shares are currently trading at VND15,400 per share, reflecting a year-to-date decline of over 20%. This values the company at approximately VND23,500 billion (~USD1 billion) in market capitalization.
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Foreign investors sell nearly 300 billion VND in the final trading session of the week, while strongly accumulating a real estate stock in the opposite direction.
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