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Mr. Hoang Trong Duc, Chairman of BGI Group, speaking at the 2025 Annual General Meeting of Shareholders – Photo: BGI Group |
On August 7, the Board of Directors of BGI Group decided to temporarily halt the review of the issuance of shares to pay dividends for 2024, opting instead to distribute dividends entirely in cash.
Previously, on July 7, the Company submitted a registration dossier for the issuance of shares to pay dividends to the State Securities Commission. However, after taking into account the wishes of shareholders and the company’s production and business situation, the Board of Directors agreed to change the payment method.
The implementation ratio remains unchanged at 5% as approved by the Annual General Meeting of Shareholders on June 24. The process of obtaining shareholder consent in writing will be carried out in accordance with regulations.
VC7 currently has nearly 96.1 million circulating shares, equivalent to a dividend payment of over VND 48 billion. The initial plan was to issue more than 4.8 million new shares to pay dividends, thereby increasing the charter capital to nearly VND 1,009 billion.
This is the first time since 2018 that VC7 has returned to paying cash dividends. The biggest beneficiary is the Chairman of the Board of Directors, Hoang Trong Duc, who owns 40.21% of the capital. Previously, in the period 2007-2018, the Company regularly paid cash dividends; in 2019, it distributed 5% stock dividends, and in the period 2020-2023, it did not pay dividends but carried out offering shares to existing shareholders twice in 2021 and 2023, with the same ratio of 1:1 and a price of VND 10,000/share.
2nd-quarter profit up 23%, share price hits year-high
In the second quarter of 2025, VC7 recorded a 92% increase in revenue to over VND 149 billion and a net profit of nearly VND 8 billion, up 23% over the same period last year. In the first six months, revenue reached VND 200.5 billion and net profit was nearly VND 11 billion, up 54% and 27%, respectively. The company has achieved 33% of its revenue plan and 22% of its profit plan for the year.
| VC7’s quarterly business results for the period 2023-2025 |
At the 2025 Annual General Meeting, VC7’s leaders set revenue and net profit targets of VND 614 billion and VND 51 billion, respectively, both record highs. The plan is considered feasible thanks to expected revenue from the sale of 40 units at the BGI Topaz Downtown project, as well as internal construction packages such as the Viet Yen – Bac Giang project worth more than VND 220 billion, the BGI Diamond Bay technical infrastructure package worth over VND 100 billion, and the Diamond Bay social housing pile package worth about VND 10 billion. In addition, the company will generate revenue from its commercial concrete business for internal projects and new contracts in Dong Nai province.
Moreover, the Viet Yen – Bac Giang project, after the successful merger with a subsidiary, will be launched for sale and its revenue will be recognized in the fourth quarter of 2025, although it is not included in this year’s plan.
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BGI Topaz Downtown Project – Photo: BGI Group |
On the stock exchange, VC7 shares have been on a four-session winning streak, reaching VND 11,700/share in the afternoon session of August 11, the highest since the beginning of the year. The share price increased by 11% over the past week and 29% in the last month. Average trading volume reached nearly 1.1 million shares/day, double the yearly average. Compared to the price a year ago, the share price has increased by over 39%, but it is still much lower than the historical peak of nearly VND 29,000/share in August 2023.
| VC7 share price movement since the beginning of 2025 |
– 09:13 12/08/2025
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