VIX Securities Corporation (stock code: VIX) has officially approved a board resolution to implement a rights issue plan aimed at increasing its charter capital. This decision was ratified during the extraordinary shareholders’ meeting held on November 28th.
Under the plan, VIX will offer nearly 919 million shares at a ratio of 10:6, priced at 12,000 VND per share. This rights issue is expected to raise a maximum of over 11 trillion VND. The newly raised capital will be allocated to proprietary trading, margin lending, and investment in VIXEX – a cryptocurrency exchange subsidiary. Upon successful completion, VIX’s charter capital will surge to 24.5 trillion VND.
Regarding its expansion into the cryptocurrency sector, VIX’s leadership confirmed the establishment of VIXEX and the selection of a technology partner to facilitate market entry. The government’s pilot resolution on cryptocurrency trading is viewed as a strategic growth opportunity for the company.
During the recent extraordinary shareholders’ meeting, VIX representatives emphasized diversification beyond proprietary trading. The company is expanding into margin lending while prioritizing capital safety and risk management to enhance overall profitability.
At the November 28th meeting, VIX significantly revised its 2025 business targets. Pre-tax profit is now projected at 6.5 trillion VND, with post-tax profit exceeding 5.2 trillion VND—a fourfold increase compared to the original annual plan. Management cited revised market outlooks and operational scaling as key drivers for this adjustment.
Additionally, shareholders approved Mr. Trương Ngọc Lân’s resignation from the Board of Directors, allowing him to focus on his roles as CEO and legal representative. Mr. Phan Đức Lĩnh was appointed as a new board member for the 2025–2030 term.
On the stock market, VIX shares currently trade at 24,450 VND, reflecting a 40% decline from their peak but still 2.6 times higher than year-start levels. Market capitalization stands at over 37 trillion VND. Notably, the rights issue price represents a 50% discount to the current market price.
When Does VIX Opt to Increase Capital?
On December 2nd, the Board of Directors of VIX Securities JSC (HOSE: VIX) passed a resolution to implement a plan to issue nearly 919 million shares, raising over VND 11,026 billion. During the recent extraordinary general meeting, the company’s leadership shared the expected date for finalizing the list of shareholders eligible for the rights issue.
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