IPA Shareholders Approve Plan to Issue 50 Million Shares

I.P.A Investment Group Joint Stock Company (Stock Code: IPA, HNX) has announced the resolution of its General Meeting of Shareholders, approved via written consent from August 29 to September 19, 2025.

Shareholders have greenlit a private placement of 50 million shares to professional securities investors. The offering price will not fall below VND 20,000 per share and must be at least 90% of the average closing price over the 10 consecutive trading days prior to the Board of Directors’ approval of the detailed issuance plan.

The issued shares will be subject to a one-year transfer restriction. Proceeds from the offering will be allocated to the early redemption of bonds issued by the company in 2024.

The issuance is expected to take place in 2025 and/or 2026, following the State Securities Commission’s (SSC) confirmation of receipt of all required documents for the private placement.

In related news, IPA recently submitted a disclosure report to the Hanoi Stock Exchange (HNX) regarding its bond principal and interest payments for the first half of 2025.

The company has disbursed over VND 209.4 billion to settle principal and interest payments for three bond tranches on schedule.

Specifically, IPA paid VND 100 billion in principal and over VND 9.5 billion in interest for the IPAH2225001 bond tranche, fully redeeming this tranche as planned.

This tranche comprised 10 million bonds with a face value of VND 100,000 each, totaling VND 1,000 billion, issued on February 25, 2022. With a three-year term, the bonds matured on February 25, 2025.

Additionally, IPA paid over VND 30.1 billion in interest for the IPAH2429001 bond tranche and over VND 69.8 billion for the IРАН2429002 tranche.

Both tranches were issued in 2024, with total issuance values of VND 317 billion and VND 735 billion, respectively. These five-year bonds are set to mature in 2029.