BIDV Securities Joint Stock Company (BSC, Stock Code: BSI) has just announced a resolution to issue shares to pay dividends and increase its charter capital according to the plan approved at the 2025 Annual General Meeting of Shareholders.

Accordingly, BSC will issue 22.3 million shares to pay dividends, equivalent to a ratio of 10% of the circulating shares. The entitlement ratio is 10:1, meaning that for every 10 shares held, shareholders will receive 1 new share.

The capital source for this issuance will come from undistributed post-tax profits as per the audited 2024 financial statements. The issuance is expected to take place in the second or third quarter of 2025.

If this issuance is successfully completed, BSC’s charter capital will increase from VND 2,230.3 billion to VND 2,453.6 billion.

BSC is about to issue 22.3 million shares to pay 2024 dividends

BSC held its 2025 Annual General Meeting of Shareholders on April 18, during which the Company approved the 2025 business plan with a pre-tax profit target of VND 560 billion, an increase of nearly 9% compared to the previous year. Additionally, the Company set a target for the capital adequacy ratio to reach 260%.

In terms of business results, according to the first-quarter 2025 financial statements, BSC reported operating revenue of VND 337 billion, a decrease of 4.2% compared to the same period last year. In contrast, operating expenses increased by 46.3% to VND 139 billion. Consequently, BSC’s pre-tax profit was VND 100 billion, a decrease of 42% year-on-year.

As of the end of the first quarter of 2025, BSC’s total assets amounted to VND 13,030 billion, a decrease of approximately VND 2,715 billion compared to the beginning of the year.

Of this, loans accounted for VND 6,694 billion, an increase of nearly VND 1,500 billion; financial assets classified as FVTPL increased by VND 1,140 billion; held-to-maturity investments decreased to VND 965 billion; and available-for-sale (AFS) assets totaled nearly VND 124 billion.

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