Vietnam Container Shipping Joint Stock Company (Viconship, ticker symbol: VSC, listed on HoSE) has just announced a resolution to issue shares to pay dividends for 2024 and to increase charter capital from equity (bonus shares).
Specifically, Viconship plans to issue 8.98 million shares as dividends, equivalent to a 3% ratio. The entitlement ratio is 100:3, meaning that for every 100 shares owned, shareholders will receive 3 new shares.
In addition, Viconship intends to issue 65.89 million bonus shares, equivalent to a 22% ratio. The entitlement ratio is 100:22, so for every 100 shares owned, shareholders will receive 22 new shares.
The issuance source comprises VND 419.4 billion from the Development Investment Fund and VND 39.4 billion from Surplus Capital on the 2024 audited separate financial statements.
Both issuances are expected to be carried out in Q2-Q3 2025. The dividend shares and bonus shares will not be subject to transfer restrictions.
Upon completion of these issuances, Viconship will increase its circulating shares to 374.37 million, equivalent to a charter capital of VND 3,743.7 billion.
One of Viconship’s owned ports
Viconship plans to distribute an 8% dividend for 2024. In addition to the above 3% stock dividend plan, VSC will also pay a 5% cash dividend, equivalent to a projected expense of VND 150 billion.
Viconship held its 2025 Annual General Meeting of Shareholders on April 25 in Quang Ninh. The meeting approved a 2025 revenue plan of VND 2,790 billion, unchanged from the previous plan, while the pre-tax profit target was adjusted upward by 32% to VND 400 billion. The expected dividend ratio for 2025 is 10%.
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