**HoSE Approves Listing of DSC Securities Joint Stock Company**
The Ho Chi Minh City Stock Exchange (HoSE) has approved the listing of 204.8 million DSC shares of DSC Securities Joint Stock Company. DSC shares are currently trading on the UPCoM at VND 23,000, up 18% since the beginning of the year.
DSC Securities Joint Stock Company, formerly known as Danang Securities Joint Stock Company, was established in 2006 with a chartered capital of VND 22 billion.
In the following years, the company underwent two capital increases, reaching VND 60 billion. In early 2018, the company’s shares were officially traded on the UpCoM stock exchange under the symbol DSC.
In August 2021, DSC Securities increased its capital rapidly from VND 60 billion to VND 1,000 billion by issuing 94 million private placement shares.
Mr. Nguyen Duc Anh, Chairman of the Board of Directors of DSC Securities Joint Stock Company. Source: DSC
DSC share price movement from the beginning of 2024 until now. Source: Fireant
NTP Investment Joint Stock Company was one of the investors participating in the private placement at that time. This unit purchased 70 million DSC shares, becoming the parent company – major shareholder. Prior to this transaction, NTP Investment Joint Stock Company did not own any DSC shares.
NTP Investment Joint Stock Company is chaired by Mr. Nguyen Duc Anh (born in 1995). Mr. Duc Anh is also the Chairman of DSC Securities Joint Stock Company (since 2021).
Mr. Duc Anh is known as the nephew of Mr. Nguyen Anh Tuan, Chairman of Thanh Cong Group (TC Group). This is a well-known enterprise in the automotive industry in Vietnam. In addition, the group also operates in the fields of services, finance, and banking.
Last year, Thanh Cong Group surprisingly announced that DSC Securities Joint Stock Company had joined the group’s ecosystem since the end of 2021.
At DSC Securities, Mr. Duc Anh holds nearly 73 million DSC shares (35.6% of capital), and NTP Investment Joint Stock Company holds 70 million shares (34.17% of capital). Calculated based on the closing price of VND 23,000/share on September 25, the value of the Chairman’s shares is nearly VND 1,700 billion.
In terms of business results, in the first six months of 2024, DSC Securities recorded operating revenue of VND 246 billion, up 27% over the same period. After expenses, the company’s post-tax profit was nearly VND 79 billion, up 41% over the same period last year.
