“SHS Distributes 81.3 Million Shares as 2023 Dividend Payout and Capital Increase”

Saigon-Hanoi Securities Joint Stock Company (SHS) has just announced the results of its bonus share issuance to pay dividends for 2023 and the issuance of shares to increase capital from equity (bonus shares).

Accordingly, as of April 25, SHS distributed 40.6 million shares to pay dividends for 2023 to 42,439 shareholders. The remaining 5,102 fractional shares will be canceled.

The ratio of execution is 100:5, meaning that for every 100 shares owned, shareholders will receive 5 new shares. The source of the issuance is the audited post-tax profit for 2023 based on the 2023 and 2024 financial statements.

Also, on April 25, SHS distributed 40.6 million bonus shares to 42,439 shareholders to increase capital. The capital for the issuance is equivalent to VND 406.5 billion from the Reserve Fund for Charter Capital Supplement and Cumulative Share Premium up to December 31, 2023. The remaining 5,102 fractional shares will be canceled.

The expected date of share transfer is May-June 2025. After the above two issuances, SHS increased the number of circulating shares to 894.4 million, equivalent to a charter capital of VND 8,944.6 billion.

In April, SHS announced the suspension of the public offering of shares according to the Certificate of Registration of Public Offering of Shares No. 63/GCN-UBCK issued by the State Securities Commission (SSC) on March 18, 2025.

The suspension of this share offering was approved by the 2025 Annual General Meeting of Shareholders of SHS according to Resolution No. 01-2025/NQ-DHCD dated April 10, 2025.

At the same time, the company decided on April 25 to finalize the list of shareholders to receive a 2024 dividend payment in cash. The ratio is 10%/share, equivalent to VND 1,000 received for each share. The payment date is August 25.

In the first quarter of 2025, SHS recorded operating revenue of over VND 561.5 billion, slightly lower than the same period last year. Post-tax profit stood at VND 262.8 billion, down 26.2% year-on-year.

In 2025, SHS targets a total revenue of VND 2,519.8 billion and estimates a pre-tax profit of VND 1,600.6 billion. With total revenue of VND 562.1 billion and pre-tax accounting profit of nearly VND 325.7 billion in the first three months, SHS achieved 22.3% and 20.3% of its business plan, respectively.

As of March 31, 2025, SHS’s total assets stood at over VND 15,257.9 billion, up 8.8% from the beginning of the year.

Of this, financial assets recognized through profit and loss (PVTPL) accounted for nearly VND 8,804.6 billion, up 8.1%, and comprised 57.7% of total assets. Loans outstanding amounted to over VND 4,643.6 billion, up 10.9%, and constituted 30.4% of total assets.