Song Da 11 Joint Stock Company (Stock Code: SJE, HNX) has announced a resolution approving the results of its additional share offering to existing shareholders and the distribution of unsold shares.
By the end of the offering period on October 3, 2025, Song Da 11 successfully distributed over 15.8 million shares, representing 87.35% of the total shares offered (more than 18.1 million shares). The total capital raised, based on the offering price, exceeded 205.8 billion VND.
The remaining nearly 2.3 million unsold shares will be canceled and will not be offered again in this issuance.
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With the successful share offering, Song Da 11’s chartered capital increased from nearly 241.7 billion VND to 400 billion VND.
Following this offering, Song Da 11 has two major shareholders: Energy Vietnam Investment LLC, holding over 22.4 million SJE shares (56.02% ownership), and Song Da Corporation JSC (Stock Code: SJG, UPCoM), holding nearly 4.1 million shares (10.24% ownership).
In other developments, Song Da 11 recently announced a Board of Directors resolution approving the acquisition of shares in Phuc Long Hydropower JSC.
Accordingly, Song Da 11 will acquire 19.81 million shares of Phuc Long Hydropower from existing shareholder An Xuan Energy JSC, representing 70% of the company’s chartered capital.
The acquisition price is 10,000 VND per share, totaling 198.1 billion VND. Of this, 145 billion VND will be sourced from the capital increase issuance approved by the Shareholders’ Meeting Resolution No. 01/NQ-ĐHĐCĐ dated March 15, 2024, and the Share Offering Registration Certificate issued by the State Securities Commission.
The remaining 53.1 billion VND will be funded from the investment and development fund, as per Shareholders’ Meeting Resolution No. 01/NQ-ĐHĐCĐ dated March 26, 2025.
Additionally, upon completion of the acquisition, Song Da 11 will pledge the shares in Phuc Long Hydropower to secure credit obligations with 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 JSC is the investor in the Phuc Long Hydropower Plant project in Lao Cai Province, with a total investment of over 800 billion VND. The project includes 2 turbines with a capacity of 22 MW, generating an annual output of 87.81 million kWh.
Sông Đà 11 Offers Over 3.5 Million Unsold Shares to 18 Individuals
At the close of the offering, Song Da 11 retained over 3.5 million unallocated shares. Consequently, the company will extend the sale to 18 individual investors who are employees within the company, at a price of 13,000 VND per share.
Two Individuals Register for OCB Stock Trading
Mrs. Trinh Mai Van and Mr. Nguyen Van Tuan registered to trade the same volume of OCB shares during the same period.
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.
Vietnam Set to Welcome Securities Firm with $1.1 Billion in Chartered Capital
SSI shareholders have approved a plan to issue 415.6 million shares to existing shareholders at a 5:1 ratio, aiming to raise over VND 6.2 trillion.
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.
