**CII Announces Insider Trading Results and Plans for Convertible Bond Offering**
Ho Chi Minh City Infrastructure Investment Joint Stock Company (HOSE: CII) has recently disclosed the results of insider trading activities.
Specifically, Mr. Le Toan, a member of CII’s Board of Directors, successfully sold 500,000 shares, reducing his ownership from 0.09% to 0% and is no longer a shareholder of CII. The transaction took place through order matching and/or agreement from May 30, 2025, to June 3, 2025.
Based on the closing price of CII shares on May 30, 2025, of VND 15,400 per share, Mr. Toan is estimated to have earned approximately VND 7.7 billion from this sale.
In another development, CII has announced its plan to offer convertible bonds to the public. Specifically, the company intends to issue 20 million bonds with the code CII425001 and a face value of VND 100,000 per bond, amounting to a total bond value of VND 2,000 billion at face value.
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The proceeds from the bond issuance will be used to restructure the issuer’s debt.
These are unsecured convertible bonds that can be converted into common shares and do not include warrants. The bond term is 10 years, and the interest rate will be a combination of fixed and floating rates.
The distribution method will be through the issuing agent, Vietnam Industrial and Commercial Bank Securities Joint Stock Company (“VietinBank Securities”). The deadline for receiving bond subscription registration dossiers is from June 2, 2025, to 5:00 PM on July 9, 2025, and the expected issuance date is July 16, 2025.
Previously, on May 16, 2025, the State Securities Commission (SSC) issued Document No. 1711/UBCK-QLCB, acknowledging the receipt of CII’s report on the results of the issuance of shares to convert CII42013 bonds – Batch 9 (issued according to Certificate of Registration for Public Offering of Bonds No. 187/GCN-UBCK dated September 15, 2020) as per CII’s Report No. 376/2025/CV-CII dated May 13, 2025.
Accordingly, CII has issued 217,700 shares to convert 2,177 CII42013 bonds in Batch 9, thereby increasing the number of issued shares from 547,976,583 to 548,194,283.
The SSC also requested the company to complete the procedures for registering, depositing, and listing the additional shares in accordance with the law.
Consequently, the Board of Directors issued Resolution No. 127/NQ-HĐQT (NK 2022-2027) dated May 19, 2025, approving the increase in CII’s charter capital from nearly VND 5,480 billion to nearly VND 5,482 billion.
There are currently 12,873 CII42013 bonds remaining in circulation.
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