DIC Corporation (HoSE: DIG) has recently announced its plans to issue bonus shares as dividends for the year 2024 to its shareholders.
The company intends to issue approximately 36.6 million new shares as dividends, with a ratio of 100:6, meaning that for every 100 shares owned, shareholders will receive 6 new shares. The record date for determining the allocation of rights is May 30, 2025.
The total value of the issuance, based on par value, is over VND 365.9 billion. This issuance will be funded by undistributed post-tax profits as of December 31, 2024, as per the audited 2024 financial statements.
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In addition to the aforementioned dividend plans, the 2025 Annual General Meeting also approved a proposal to offer shares to existing shareholders at a ratio of 24.596%, equivalent to 150 million shares at a price of VND 12,000 per share, aiming to raise a maximum of VND 1,800 billion. This offering is expected to be carried out from Q3 2025 to Q4 2025.
The proceeds from this offering will be utilized by DIC Corp for the following purposes: repayment of DIG12301 bonds amounting to VND 600 billion, scheduled for Q4 2025 to Q1 2026; investment in the Cap Saint Jacques Complex – Phase 3 (Block C4) project located at 169 Thuy Van, Ward 8, Vung Tau City, with an allocated amount of VND 600 billion; and investment in the Vi Thanh Commercial Residential Area project in Ward 4, Vi Thanh City, Hau Giang Province, with an allocated amount of VND 600 billion.
The timing of capital utilization for the aforementioned projects will depend on the progress of the projects, expected to be from Q4 2025 to 2026.
In terms of financial performance, according to the consolidated financial statements for Q1 2025, DIC Corp recorded a remarkable surge in revenue, reaching over VND 152.8 billion, reflecting a 312-fold increase compared to the same period last year. However, after accounting for taxes and expenses, the company reported a net loss of over VND 45.4 billion, which nevertheless represents a 62.5% improvement compared to the previous year.
As of March 31, 2025, DIC Corp’s total assets stood at nearly VND 18,910.3 billion, a slight increase of VND 370.9 billion from the beginning of the year. Notably, inventory accounted for 48% of total assets, amounting to nearly VND 9,085.6 billion.
On the liabilities side of the balance sheet, total liabilities were recorded at over VND 10,927.6 billion, a modest increase of VND 429.6 billion from the beginning of the year. Financial loans and borrowings accounted for 30.7% of total liabilities, amounting to over VND 3,350.3 billion, while other short-term payables constituted 31.4%, totaling VND 3,436.7 billion.
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The Vespa scooter is an iconic Italian brand that first rolled into Vietnam in 1996 through Piaggio Xuan Cau. With its distinctive small-wheel design, Vespa has become a beloved symbol of Italian style and culture on Vietnamese roads.
