VPS Securities Corporation (VPS) has released a report detailing the results of its recent share issuance aimed at increasing its charter capital from equity sources.
On October 10, VPS successfully allocated 710 million shares to 13 shareholders. The rights execution ratio was 1:1.245, meaning for every 1 share held, shareholders received an additional 1.2 new shares.
The issuance capital, sourced from equity, is based on the mid-year 2025 financial report, comprising: VND 85.4 billion from the supplementary capital reserve fund, VND 103 billion from the financial and business risk reserve fund, and VND 6,911 billion from undistributed after-tax profits.
The purpose of this issuance is to expand operational capital and financial capacity, supporting margin lending and advance payment for securities sales.
The newly issued shares are unrestricted for transfer. The share transfer date is scheduled for October 10, 2025. Upon completion, VPS’s charter capital will increase from VND 5,700 billion to VND 12,800 billion.
This is one of three capital increase plans approved at the Extraordinary Shareholders’ Meeting on September 29, 2025. Following the bonus share issuance, VPS plans to conduct an IPO of up to 202.3 million shares.
All IPO shares will be unrestricted for transfer. The offering is expected to take place between Q4/2025 and Q1/2026, pending approval from the State Securities Commission (SSC).
The offering price has not been disclosed but will not be lower than the book value stated in the 2025 semi-annual financial report, which is VND 22,457 per share.
At this price, the total expected proceeds from the offering are VND 4,543.2 billion. VPS plans to allocate 74% of the capital for margin trading, 20% for IT infrastructure investment, and 6% for human resource development.
Investors can subscribe for a minimum of 100 shares. The IPO shares will be distributed directly through VPS and partner securities companies, including SSI, MBS, FPTS, KIS Vietnam, SHS, DNSE, and OCBS.
VPS has proposed to its shareholders that all shares will be registered and centrally depository at the Vietnam Securities Depository (VSDC) and listed on the Ho Chi Minh City Stock Exchange (HoSE) post-IPO.
If VPS fails to meet the listing requirements after the IPO, the shares will be registered for trading on the Unlisted Public Company Market (UPCoM).
In other developments, VPS recently announced an adjustment to its 2025 business plan.
The company aims to achieve annual revenue of VND 8,800 billion, with pre-tax and after-tax profits of VND 4,375 billion and VND 3,500 billion, respectively.
Compared to the plan approved at the 2025 Annual Shareholders’ Meeting, VPS has increased its revenue target by 3.5% and profit target by 25%. If achieved, this would mark the highest profit in the company’s history.
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