VIX Joint Stock Securities Company (code VIX-HOSE) has just announced the Resolution of the Board of Directors on the approval of the handling plan for remaining shares.
Specifically: VIX Securities has just announced the results of the offering of shares to existing shareholders, with 556,164,958 shares issued out of a registered offering of 635,972,488 shares, equivalent to 87.45% of the total registered offering, leaving 79,807,530 shares unissued, with proceeds of VND 5,561.6 billion.
VIX will continue to offer more than 79.8 million shares at VND 10,000/share to investors who are capable of contributing to the company’s development, and the shares will be restricted from transfer for 1 year from the end of the offering period.
The deadline for offering the shares that existing shareholders did not purchase is September 19.
Previously, the VIX Board of Directors approved three criteria for selecting investors to purchase the odd-lot shares and the remaining shares in the plan to offer additional shares to existing shareholders, including:
First, the Board of Directors considers the investor to have the potential to contribute to the company’s future development.
Second, the investor has the financial capacity to make payments for the purchase of shares within the specified time frame, ensuring the progress of the offering.
And finally, the investor agrees to the condition of restricting the transfer of shares within 1 year from the end of the offering period.
On August 1, 2024, VIX Securities finalized the list of shareholders to implement the capital increase, including paying a 10% stock dividend for 2023, equivalent to 1 new share for every 10 shares held; a 10% stock bonus, equivalent to 1 new share for every 10 shares held; an offering of 20 million shares under the employee stock ownership plan (ESOP) at a price of VND 10,000/share; and the exercise of the right to purchase shares at a ratio of 100:95, equivalent to 1 new share for every 100 shares held at a price of VND 10,000/share.
Thus, if all four offerings are completed, the charter capital of VIX Securities will increase from VND 6,694.4 billion to VND 14,592.9 billion, becoming one of the companies with the largest charter capital in the Vietnamese stock market.
In terms of business results, VIX announced a post-tax profit of VND 285.7 billion for the first half of 2024 (compared to VND 576 billion in the same period last year). VIX attributed the decrease in post-tax profit for the reported period compared to the previous period to the following reasons:
As of June 30, 2024, the company’s outstanding balance from margin lending activities reached VND 4,089 billion, an increase of 2.5 times compared to the outstanding balance as of June 30, 2023, leading to a 146.5% increase in profit from receivables and lending activities in the first half of 2024 compared to the same period in 2023. Along with this, brokerage activities also saw significant growth, with a 160% increase in brokerage fee revenue in the first half of 2024 compared to the same period last year.
However, the volatility of the stock market in the first half of 2024 also significantly impacted VIX’s proprietary trading portfolio, as evidenced by a 36.7% decrease in the “Profit from financial assets measured at fair value through profit or loss (FVTPL)” indicator as of the trading session on June 28, 2024, compared to the same period last year;
During the reported period, the company’s total expenses increased by 56% compared to the previous period, leading to a decrease in profit for the first half of 2024 compared to the first half of 2023.
Also, as of June 30, 2024, VIX Securities invested VND 1,178.98 billion in EIB shares, VND 804.6 billion in shares of Gelex Group Joint Stock Company (code GEX), VND 469.4 billion in shares of Vietnam Container Shipping Joint Stock Company (code VSC), VND 425.33 billion in shares of EVN Finance Joint Stock Company (code EVF), VND 260.7 billion in shares of Fecon Joint Stock Company (code FCN), VND 657 billion in shares of Vietnam National Seafood Corporation – JSC (Seaprodex, code SEA), and VND 518.6 billion in shares of Gelex Infrastructure Joint Stock Company…
Most recently, VIX Securities announced that it had spent approximately VND 309.38 billion to purchase 10,855,600 PC1 shares through a negotiated transaction. As a result, the number of shares held increased from over 6.44 million shares, holding 2.07% of the charter capital, to 17.3 million shares, holding 5.56% of the charter capital. The transaction was executed on August 30, and VIX officially became a major shareholder of the PC1 Group.
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