HD Securities (HDS) has recently announced a written shareholder vote on its 2025 capital increase plan.
According to HDS, to enhance its financial strength, market reputation, and expand its capital base for upcoming business activities, the company’s Board of Directors issued Resolution No. 26/2025/NQ-HĐQT on October 28, 2025. This resolution halted the previously planned rights issue of shares to existing shareholders aimed at increasing the charter capital.
HDS is now seeking shareholder approval via written consent for an alternative capital increase plan. The company’s charter capital is expected to rise to nearly VND 11,000 billion.
Specifically, HDS plans to issue approximately 950 million shares, including: (1) a rights issue of nearly 877 million shares to existing shareholders at VND 10,000 per share (1:6 ratio), and (2) the issuance of over 73 million shares as dividends (2:1 ratio).
If both plans are successfully executed, HDS’s charter capital is projected to reach VND 10,960 billion post-issuance.
The rights issue is expected to raise approximately VND 8,769 billion, which the company plans to allocate entirely to support its business operations. Specifically, 32% (VND 2,827 billion) will fund margin lending activities; 14% (VND 1,192 billion) will support securities pre-sale financing; 52% (VND 4,603 billion) will be allocated to proprietary trading in securities, deposit certificates, and government bonds; and the remaining 2% (VND 146 billion) will be used for purchasing fixed assets, software, and covering operational expenses.
Notably, HDS’s revised capital allocation plan no longer includes investing in a cryptocurrency exchange platform.
In related developments, Vina Dai Phuoc JSC has reported acquiring 16.5 million shares, equivalent to an 11.3% stake, becoming a major shareholder of HDS.
As of June 30, 2025, HDS’s other major shareholders include HDBank (30%), Huynh Phat Investment LLC (17.5%), Blue Sky Vietnam Investment LLC (13.78%), Dynamic & Development Investment JSC (10.61%), and Huy Phong Investment & Trading Services LLC (7.99%).
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