Vingroup Group – Joint Stock Company (Vingroup, VIC: MCK) has just announced Resolution No. 19/2025 and Resolution No. 20/2025 approving the use of its owned assets to secure bonds issued by Vinhomes Joint Stock Company (VHM: MCK, HoSE floor). floor).
Accordingly, Vinhomes plans to offer bonds in the form of private placement; of which, VND 8,000 billion of bonds have a term of 42 months and VND 7,000 billion of bonds have a term of 39 months. These are non-convertible bonds, non-warrant-attached, and asset-backed.
The bonds are issued in the form of book entry and/or electronic data. The purpose of the issuance is to restructure the issuer’s debt.
In another development, Vingroup also issued a resolution approving the plan to offer shares privately to convert dividend-preferred shares and convertible shares in 2018.
Accordingly, VIC expects to issue 29.3 million common shares to convert 27.4 million preferred shares. The conversion price is VND 103,819/share, the conversion ratio is 1.07 common shares/preferred share.
The owner of the convertible preferred shares is Hoa Phuong Real Estate Company Limited. Common shares converted from preferred shares are not restricted from transfer. The time of implementation is in the third quarter of 2025.
In terms of business results, in the first half of 2025, Vingroup recorded consolidated net revenue of VND 130,366 billion, doubling that of the same period. Consolidated after-tax profit in the first half of 2025 reached VND 4,509 billion.
As of June 30, 2025, Vingroup’s total assets reached VND 964,439 billion, up 15% over the beginning of the year.
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