At the upcoming General Meeting, the UPSC Board of Directors will seek shareholder approval for a credit facility at LPBank. Specifically, the Board proposes to increase the credit limit from 500 billion VND to 1,000 billion VND, with a maximum limit of 1,000 billion VND for investing in government bonds, treasury bills, and margin lending.
Additionally, the Board will seek approval for a 500 billion VND credit facility at BIDV, with a maximum limit of 500 billion VND for investing in government bonds, margin trading, and proprietary stock trading.
The meeting will also address issues related to collateral and authorization for the General Director to carry out relevant tasks.
On June 9, the UPSC Board approved a plan to invest nearly 53 billion VND in government bonds. The transaction is expected to take place between June 10 and 13.
The extraordinary general meeting will also consider reducing the number of legal representatives from three (including the General Director, Chairman of the Board, and a Board member, excluding independent members) to two: the General Director and the Chairman of the Board.
Currently, Mr. Cao Tan Thanh serves as Chairman, and Mr. Tran Van Chien is the General Director.
The extraordinary general meeting follows the Annual General Meeting held in March 2025, where ambitious business plans were approved. These plans included revenue targets of over 165 billion VND, pre-tax profit of over 36 billion VND, and net profit of over 28 billion VND—nearly six, four, and three times the respective figures from 2024. These targets represent historic highs for UPSC.
In addition to these ambitious financial goals, the company also aims to increase its total assets to 1,320 billion VND, nearly quadrupling the 2024 year-end figure. To achieve this, UPSC plans to raise capital through dividend payments, public share offerings, and bond issuances.
 Source: VietstockFinance
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Source: VietstockFinance
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However, in the first quarter of 2025, the company incurred a loss of nearly 8.7 billion VND, compared to a profit of 846 million VND in the same period last year. Total assets as of the end of the quarter stood at nearly 507 billion VND, a 51% increase from the beginning of the year.
– 17:59 10/06/2025
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