“MBS Shareholders Approve Plan to Sell 60 Million Shares via Auction”

"Upon successful transaction, MB will reduce its ownership in MBS to 377.3 million shares, equivalent to a 65.9% stake."

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Military Commercial Joint Stock Bank (MB – code MBB) has just registered to sell 60 million shares of Military Commercial Joint Stock Bank Securities (MBS code) to reduce its ownership in MBS and increase the public nature of this securities company. The transaction is expected to be executed by matching orders from 3/9 to 2/10/2025.

Currently, MB is the parent company holding more than 437.3 million MBS shares (76.35% stake). If the transaction is successful, MB will reduce its ownership in MBS to 377.3 million shares, equivalent to 65.9%.

MB’s move comes after MBS’s dividend payout. Specifically, on August 20, MBS finalized the registration list to pay cash dividends for 2024 at a rate of 12%/share (1 share receives VND 1,200).

The expected payment date is September 19, 2025. With nearly 573 million circulating shares, MBS spent about VND 687 billion for this dividend payout, of which MB received more than VND 520 billion.

On the stock exchange, MBS shares are trading near their all-time high. At the close of August 27, MBS shares were priced at VND 41,100/share, up nearly 50% since the beginning of the year. Based on this market price, MB could collect approximately VND 2,500 billion from the MBS ownership reduction deal.

In 2025, MBS plans to offer 68.7 million shares at a price of VND 10,000/share. The entitlement ratio is 100:12 (for every 100 shares held, shareholders are entitled to buy 12 new shares).

At the same time, the securities company also plans to issue 17.18 million shares to increase charter capital from equity (bonus shares). The entitlement ratio is 100:3, meaning that for every 100 shares held, shareholders will receive 03 new shares.

In addition, MBS also plans to issue 8.59 million shares under the employee stock ownership plan (ESOP) at a price of VND 10,000/share. This issuance will be implemented after MBS completes the share offering to existing shareholders and issues bonus shares.

If all three issuances mentioned above are completed, MBS will increase its circulating shares from 572.8 million to 667.3 million, equivalent to a charter capital of VND 6,673 billion.

Regarding business results for the first half of 2025, MBS’s operating revenue reached VND 1,461 billion, down 6% over the same period last year. However, well-controlled expenses helped its pre-tax profit increase by 22% to VND 611 billion.

For the full year 2025, the company targets total revenue of VND 3,370 billion and pre-tax profit of VND 1,300 billion, up 8% and 40%, respectively, compared to the previous year. Thus, after six months, MBS has completed 47% of its annual profit plan.

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