Orient Commercial Joint Stock Bank (OCB: HoSE) has just announced a resolution on implementing a plan to increase its charter capital in 2025 by issuing bonus shares from owner’s equity.
Accordingly, OCB plans to issue 197.2 million bonus shares (equivalent to a ratio of 8%) to shareholders. The ratio of executing rights is 100:8, meaning for every 100 shares owned, shareholders will receive 8 new shares.
OCB is about to issue 197.2 million bonus shares
The capital source for this issuance will come from the owner’s equity determined based on the separate and consolidated audited financial statements for 2024, after allocating funds to statutory reserves. This amounts to VND 1,972.6 billion, comprising VND 1,256.8 billion from undistributed profit after reserve allocation, VND 662.4 billion from supplementary capital reserve, and VND 53.2 billion from share premium.
Upon completion of this issuance, OCB’s charter capital will increase from VND 24,657.8 billion to VND 26,630.5 billion. The additional capital is intended for purchasing and constructing physical infrastructure and supplementing the bank’s operating capital for lending purposes.
This capital increase plan was approved at the 2025 Annual General Meeting of Shareholders held on April 22, 2025. The meeting also approved financial targets for 2025, including a total asset target of VND 316,779 billion by the end of 2025, a 13% increase from the beginning of the year. Total market 1 mobilization is targeted at VND 218,842 billion, a 14% increase, while total market 1 outstanding credit is expected to reach VND 208,472 billion, a 16% increase.
The bank forecasts a pre-tax profit of VND 5,338 billion for 2025, a 33% increase compared to 2024. The non-performing loan ratio is targeted to be maintained below 3%.
Regarding profit distribution, in 2024, OCB’s pre-tax profit exceeded VND 4,006 billion. After tax and fund allocation, along with the remaining profit from previous years, the bank had nearly VND 3,706 billion in retained earnings.
Of this amount, OCB intends to allocate VND 1,726 billion for cash dividend payment at a rate of 7%. The remaining profit after cash dividend stands at nearly VND 1,980 billion.
In another development, Ms. Nguyen Viet Trieu, spouse of Mr. Ngo Ha Bac – Member of the Board of Directors of OCB, reported an unsuccessful sale of 200,000 OCB shares during the period from April 10 to May 9, 2025, due to the share price not meeting expectations.
Subsequently, Ms. Nguyen Viet Trieu registered to sell 350,000 shares from May 26 to June 24, 2025, through matched orders or put-through transactions. If successful, her ownership will decrease from 4.99 million shares (0.202%) to 4.64 million shares (0.188% of OCB’s capital).
Meanwhile, Mr. Ngo Ha Bac currently holds 15.4 million shares, representing 0.627% of OCB’s capital.
The Foreign Independent Director Resigns Following Đức Long Gia Lai’s Sale of its Electronics Component Business
Mr. Paul Anthony Murphy, a British national, has tendered his resignation from his role as a Board Member of DLG Group Joint Stock Company (HOSE: DLG). This development comes as a notable move shortly after DLG divested its entire stake in its electronic components subsidiary, a business area under Mr. Murphy’s stewardship.
“ACBS Forecasts Vinhomes (VHM) to Rake in Over $1.5 Billion in Net Profit; 8 New Projects Slated for 2025 Launch”
ACBS forecasts that VHM’s sales value for 2025 will reach an impressive VND 150,000 billion, marking a significant 44% increase year-over-year. This optimistic projection is largely attributed to the anticipated success of their flagship projects: Wonder City, Green City, Golden City, Green Paradise, and the highly anticipated Apollo City.
The New Issue of Nearly 1.3 Billion Shares as Dividend Payment by Hoa Phat Has Taken a New Turn
With approximately 6.4 billion shares currently in circulation, Hoa Phat Group is set to release an additional 1.28 billion new shares, equating to a nominal issuance value of VND 12,793 billion.
The Green Grocery CEO Sells Mobile World Shares
Mr. Pham Van Trong, a member of the Board of Directors and CEO of Bach Hoa Xanh at Mobile World Investment Corporation, plans to sell 200,000 MWG shares, reducing his stake to 0.21% of the charter capital. This development comes on the heels of a remarkable 40% surge in Mobile World’s stock value.
Record-Breaking Profits: Former Ministry of Construction Enterprise Declares 46% Cash Dividend
This is the highest dividend payout in the company’s operational history. In previous years, the dividend ratio typically ranged from 8% to 33%.
