**Becamex IJC Plans to Raise Capital by Offering Shares to Existing Shareholders**
Becamex Infrastructure Development JSC (Becamex IJC, code: IJC) on May 5, announced the resolution to implement the plan to offer additional shares to existing shareholders. This plan was approved at the 2025 Annual General Meeting of Shareholders held on April 9.
Specifically, Becamex IJC plans to offer more than 251.8 million shares at a price of VND 10,000/share, equivalent to 67% of the company’s circulating shares. The shares offered to shareholders in proportion to their existing holdings will not be restricted from transfer.
With the expected proceeds of VND 2,518.3 billion from this offering, Becamex IJC will use it to contribute capital to Ho Chi Minh City – Thu Dau Mot – Chon Thanh Expressway JSC, Becamex Binh Phuoc; invest in the construction of Sunflower II Housing Area (expanded), Prince Town II Housing Area (expanded) and the BOT project to upgrade and expand National Highway 13; as well as repay principal and interest on loans and bonds that are due. The breakdown is as follows:
Source: IJC
If the offering is successful, the company’s charter capital will increase from nearly VND 3,777.5 billion to VND 6,295.8 billion.
Prior to this share offering, on April 22, Becamex IJC approved the plan to contribute capital to Ho Chi Minh City – Thu Dau Mot – Chon Thanh Expressway JSC. The company’s address is WTC Tower, No. 1 Hung Vuong, Hoa Phu Ward, New City of Binh Duong Province.
Accordingly, IJC plans to contribute capital at a rate of 20%, equivalent to VND 530,005,680,000 in cash. The contribution will be made during 2025-2026.
The 2025 Annual General Meeting of Shareholders of Becamex IJC approved the 2025 business plan with a consolidated revenue of VND 2,086 billion, up 78% compared to 2024. Profit before and after tax were VND 517 billion and VND 429 billion, up 25% and 21%, respectively.
Of this, revenue from real estate business is expected to reach VND 990 billion, up 107% compared to 2024; and after-tax profit is expected to be VND 203 billion, up 827% compared to 2024.
The projects expected to be launched in 2025 are mainly located in Hoa Phu Ward, New City of Binh Duong: Sunflower II Villa Area Project, Hoa Loi Residential Area Project, Hoang Tu II Street Project, Hoa Loi Resettlement Project, IJC Aroma Apartment Project, etc.
Revenue from toll collection is expected to reach VND 309 billion, equivalent to that of 2024. After-tax profit is expected to be VND 148 billion, up 3% compared to 2024. Other business revenue (including house leasing, construction activities, investment real estate business, financial income, joint business, and profit recorded from associated companies, etc.) is expected to reach VND 787 billion, up 46% compared to 2024.
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