According to the Hanoi Stock Exchange (HNX), Idico Group Joint Stock Company (Idico, Stock Code: IDC) has issued an official announcement regarding the Board of Directors’ Resolution related to its branch operations in Hanoi.
Specifically, the Idico Board of Directors has decided to cease operations of its Hanoi branch, located on the 40th floor of Pearl Tower, No. 1 Chau Van Liem Street, Tu Liem Ward, Hanoi.
The decision to terminate the branch’s operations is attributed to a shift in business strategy and the elimination of the need to maintain activities at this location.
Regarding personnel, all employees of the branch will be transferred to the Administrative Department under the Human Resources Division of the parent company for reassignment.
Conversely, the Idico Board of Directors has approved Resolution No. 68/NQ-TCT dated November 10, 2025, endorsing the plan to inject an additional VND 800 billion into the charter capital of Idico Urban Development and Industrial Zone Company (Idico Urbiz).
The Board has tasked the CEO with overseeing the implementation of the approved initiatives, signing all relevant legal documents, and coordinating with the capital representative at Idico Urbiz to execute the necessary procedures for increasing the company’s charter capital in compliance with regulatory requirements and board approvals.
It is noted that Idico Urbiz is a wholly-owned subsidiary of Idico, with a 100% voting stake as per the consolidated Q3 2025 financial report.
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Previously, the Idico Board of Directors also issued a decision regarding the establishment of VTA Global Port Joint Stock Company (VTA Global Port) and the appointment of an authorized representative.
Specifically, Idico plans to contribute VND 306 billion as a founding shareholder of VTA Global Port, equivalent to 30.6 million ordinary shares, representing a 51% stake in the company’s charter capital.
In another development, Idico announced a Board Resolution on the first interim cash dividend payment for 2025 to its shareholders.
Details indicate that Idico will distribute a 15% interim cash dividend, meaning shareholders holding one share will receive VND 1,500. The final registration date for shareholders eligible for the dividend is December 4, 2025, with the payment scheduled for December 23, 2025.
With approximately 379.5 million outstanding IDC shares, Idico is expected to allocate over VND 569.2 billion for this interim dividend distribution.
As of September 30, 2025, S.S.G Group holds 22.5% of Idico’s charter capital, equivalent to nearly 85.4 million IDC shares, and is projected to receive over VND 128 billion in dividends.
Additionally, Bach Viet Production and Trading Company holds approximately 45.3 million IDC shares (11.93% ownership), and is estimated to receive nearly VND 68 billion in dividends from Idico.
