The company has announced alternative plans regarding the issuance of shares to increase its charter capital. The Board of Directors will report to the nearest General Meeting of Shareholders about halting the implementation of the registration file for the offering of shares to existing shareholders as per the plan approved on October 15, 2025.
This plan involves offering shares to current shareholders to raise the charter capital to over 5.1 trillion VND with an expected volume of more than 365 million shares.
HD Securities aims to invest over 1 trillion VND in a cryptocurrency trading platform
According to the plan presented to shareholders, HD Securities will offer shares at a ratio of 2:5 (shareholders holding 2 shares will be entitled to purchase 5 additional shares). The proposed selling price is 20,000 VND per share, equivalent to the book value on the semi-annual financial statements of 2025 (20,531 VND per share).
The total proceeds of over 7.3 trillion VND will be primarily allocated to investment activities, proprietary trading in securities, deposit certificates, and government bonds, with a projected capital of 4.6 trillion VND (63% allocation).
Notably, HD Securities will use 1.47 trillion VND to invest in a cryptocurrency trading platform company when it increases its capital to 10 trillion VND. This company is named HD Cryptocurrency Trading Platform JSC.
The remaining funds will be used to supplement capital for margin lending activities (25%), advance payment for securities sales (10%), and the purchase of fixed assets, software, and operational expenses (2%).
Recently, HD Securities has seen changes in its shareholder structure. On October 20, the company recorded a transfer of shares exceeding 10% of its charter capital. Vietory Group JSC transferred 16.5 million shares to Vina Dai Phuoc JSC. After the transaction, Vietory Group’s ownership decreased to over 9 million shares, equivalent to 6.2% of the capital. Conversely, Vina Dai Phuoc, previously holding no shares, became a major shareholder with 16.5 million shares, representing 11.3% of the capital.
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Capital Transfer Transaction at HD Securities
Source: HD Securities
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According to the reviewed financial report as of June 30, 2025, HD Securities has 6 major shareholders holding over 97% of the charter capital: HDBank (30%), Huynh Phat Investment LLC (17.5%), Vietory Group JSC (17.5%), Blue Sky Vietnam Investment LLC (13.78%), Dynamic & Development Investment JSC (10.61%), and Huy Phong Investment and Trading Services LLC (7.99%).
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Shareholder Structure of HD Securities
Source: HD Securities Financial Statements
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Vina Dai Phuoc JSC, headquartered in Dong Nai, is a joint venture between DIG and VinaCapital (through two member funds), established in 2007 with a charter capital of nearly 1,654 billion VND, to implement the Hoa Sen Dai Phuoc project. By August 2016, DIG held 28% of the capital, while two foreign shareholders, VinaCapital Pacific Limited – Singapore held 54%, and Allright Assets Limited – Singapore held 18%.
After more than 10 years of establishment, the founding shareholders of Vina Dai Phuoc have gradually divested: VinaCapital in 2017 and DIG in 2019. The recipient of VinaCapital‘s shares was China Fortune Land Development (CFLD), a Chinese industrial real estate development conglomerate. The project was renamed from Hoa Sen Dai Phuoc to Swan Bay Dai Phuoc after the new investor took over.
By the end of 2021, Vina Dai Phuoc announced that SNC Investments 27 and SNC Investments 28, two subsidiaries of CFLD based in Singapore, were no longer part of the company’s shareholder structure. In 2023, the Chairman of the Board of Directors remained Mr. Lin, Yi Huang, a Taiwanese national, and an additional legal representative, a Vietnamese General Director, was appointed. By the end of 2023 and early 2024, market movements indicated that foreign investors were gradually withdrawing from the Dai Phuoc project, though the replacement has not yet been disclosed.
– 11:07 29/10/2025
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