In the latest announcement, Mr. Nguyen Ho Hung – Chairman of the Board of Directors of APG Securities Joint Stock Company (code APG) has registered to sell 6 million shares. The transaction is expected to take place via a matching method from May 20 to June 19, 2025. If successful, Mr. Hung will hold nearly 784,000 APG shares (equivalent to 0.35%).
On the market, APG shares have been on an upward trend since the beginning of the year, currently reaching VND 11,900/share, up 78% after more than 5 months. Tentatively calculated at this price, the Chairman of APG could reap more than VND 71 billion if he completes the sale of 3% of the company’s capital.
Previously, Mr. Hung sold 5 million APG shares in early October 2024, reducing his ownership ratio to the current level and is no longer a major shareholder of APG Securities.
In terms of business results, APG Securities set a target for 2025 with a revenue of VND 300 billion and a profit of VND 120 billion. Notably, this planned figure is 3-4 times higher than the old proposal. APG’s significant adjustment in its business plan reflects positive expectations from the market upgrade prospects and the initial results of the company’s restructuring process.
After the first quarter, APG recorded operating revenue of nearly VND 25 billion, down 18% over the same period. As a result, after-tax profit reached nearly VND 9 billion, up 41% over the same period.
Also in 2025, APG plans to issue a maximum of 100 million shares to a private placement with an expected issue price of not less than VND 12,000/share for fewer than 100 investors who are professional securities investors. If completed, APG will raise its charter capital to VND 3,236 billion.
The raised capital of VND 1,200 billion will be prioritized for allocation in the following order: VND 840 billion (equivalent to 70% of the mobilized capital) to supplement and provide capital for margin lending and pre-sale lending activities; VND 180 billion invested in securities and debt instruments; VND 180 billion to supplement capital for proprietary trading and issuance guarantee activities.
Mr. Huynh Minh Tuan, Vice Chairman of the Board of Directors of APG, said that the company made a loss last year and did not meet the conditions for offering to existing shareholders. The company considers the new plan to be the most suitable for the actual situation.
In addition, APG also approved the plan to issue a maximum of VND 2,000 billion of private placement bonds with a maximum interest rate of 9%. The mobilized capital will be used to increase the scale of margin lending activities, invest in securities and other legal business activities. The bonds have a term of 1-3 years. These are non-convertible bonds, excluding warrants, with or without collateral.
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