Song Da 11 Joint Stock Company (Stock Code: SJE, HNX) has announced the Board of Directors’ Resolution approving the results of the share offering to existing shareholders and the plan to handle the remaining shares not fully subscribed by existing shareholders.
By the end of the subscription and payment period (from July 9, 2025, to September 22, 2025), Song Da 11’s shareholders subscribed to nearly 14.6 million shares out of the 18.1 million shares offered, leaving over 3.5 million shares undistributed.
The Board of Directors of Song Da 11 decided to continue offering the remaining undistributed shares to 18 individual investors at a price of VND 13,000 per share. The subscription and payment period will be from September 30, 2025, to October 3, 2025.
Source: SJE
According to the accompanying list, the investors allocated shares this time are all employees of Song Da 11. Notably, Mr. Do Xuan Hieu is expected to purchase the largest number of shares, with nearly 2.4 million shares.
In another development, Song Da 11 recently announced the Board of Directors’ Resolution approving the acquisition of shares in Phuc Long Hydropower Joint Stock Company.
Accordingly, Song Da 11 will acquire 19.81 million shares of Phuc Long Hydropower from the existing shareholder, An Xuan Energy Joint Stock Company, representing 70% of the company’s charter capital.
At an acquisition price of VND 10,000 per share, the total acquisition value is VND 198.1 billion. Of this, VND 145 billion will be sourced from the capital increase share issuance as per Resolution No. 01/NQ-ĐHĐCĐ dated March 15, 2024, and the Share Offering Registration Certificate issued by the State Securities Commission.
The remaining VND 53.1 billion will be sourced from the investment and development fund (as per Resolution No. 01/NQ-ĐHĐCĐ dated March 26, 2025, of the General Meeting of Shareholders).
Additionally, after completing the acquisition, Song Da 11 approved the plan to pledge shares in Phuc Long Hydropower to secure credit obligations at the Agricultural and Rural Development Bank of Vietnam (Agribank) – Yen Bai Branch for Phuc Long Hydropower.
The secured obligations include, but are not limited to, principal, interest, overdue interest, late payment interest, fees, and other related costs of the secured party to the bank for Phuc Long Hydropower.
Phuc Long Hydropower Joint Stock Company is the investor of the Phuc Long Hydropower Plant project in Lao Cai Province, with a total investment of over VND 800 billion. The project includes 2 units with a capacity of 22 MW, producing an annual electricity output of 87.81 million kWh.
UP Securities Proposes Doubling Chartered Capital to Shareholders
At the upcoming extraordinary shareholders’ meeting, UP Securities will propose the issuance of over 32 million shares, aiming to double its chartered capital.
Agribank Honored with Three Outstanding Financial Products and Services in 2025, Solidifying Its Leadership Position
The 3rd Vietnam High-Level Financial Advisor Forum – 2025 has recognized outstanding financial products and services. Among the honorees, the Agricultural and Rural Development Bank of Vietnam (Agribank) stood out, receiving accolades in three distinct categories.
KIS Vietnam Proposes Shareholders to Approve Capital Increase Surpassing VND 4,500 Billion
KIS Vietnam Securities Corporation (KIS Vietnam) announces an extraordinary shareholders’ meeting scheduled for October 15th. The agenda includes approving a rights issue of over 78.9 million shares to existing shareholders, aiming to raise the company’s capital to more than VND 4,551 billion.
Bank’s Mortgage Real Estate Holdings Surpass $130 Billion, Accounting for 90% of Total Collateral Assets
As of Q2 2025, the bank’s mortgage real estate portfolio reached nearly 3.2 quadrillion VND, accounting for 90% of its total secured assets.
HSC Offers Nearly 2.7 Million Unsold Shares to Employees and Staff
Following the conclusion of the offering, HSC retains approximately 2.7 million unallocated shares. As a result, the company will proceed with an employee offering at a price of 10,000 VND per share.
