In the proposal, the Enterprise plans to issue a maximum of 13.4 million shares, equivalent to 20% of the current circulation, raising its charter capital to over VND 803 billion. The proposed offering price is VND 12,000/share, 77% lower than the recent average market price of PTB shares. At this price, Phu Tai could raise over VND 160 billion.
The buyers are existing shareholders as per the record date. The entitlement ratio is 20:1, meaning that for every 20 shares held, shareholders can buy 1 new share. The subscription rights are transferable once during the specified period, while the newly issued shares will not be restricted from trading. The distribution is expected to take place in 2026, after obtaining approval from the State Securities Commission.
If successful, this will be Phu Tai’s first capital increase since the stock dividend payout in 2022.
All proceeds from the capital raise will be used to fund its subsidiaries. Phu Tan Kieu JSC will receive VND 44.5 billion, and Phu Tai Binh Dinh Wood JSC will be allocated over VND 116 billion.
Previously, PTB completed the acquisition of 100% of Phu Tan Kieu, a company based in Gia Lai with a charter capital of VND 4.5 billion. The company’s main business is granite and basalt cutting, one of PTB’s core businesses. Meanwhile, Phu Tai Binh Dinh Wood JSC owns a factory in Phu Cat, Binh Dinh (old address), specializing in the production of wooden handicrafts for export and plywood.
 Inside Phu Tai Binh Dinh Wood JSC’s factory – Photo: PTB
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| PTB’s Charter Capital Increase Process |
The capital raise plan comes as PTB’s business results show significant improvement. In Q2/2025, revenue reached VND 1,900 billion, up 18% year-on-year, with a net profit of VND 128 billion, a 16% increase.
For the first six months of the year, revenue was VND 3,500 billion, a 16% increase. The profit was VND 241 billion, the highest in the last three years. Revenue from the wood business, PTB’s main segment, increased by 15%, reaching over VND 2,000 billion. The automotive, stone, and real estate segments all showed growth, with real estate bringing in VND 125 billion, 5.4 times higher than the same period last year.
Tu Kinh
– 09:45 19/08/2025
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