“DIC Corp Completes Distribution of 36.5 Million Shares as 2024 Dividend.”

DIC Corporation (Stock code: DIG, listed on HoSE) has recently released a report on its share issuance to pay dividends for the year 2024.

As of the conclusion of the issuance period on May 30, DIC Corporation successfully distributed 36.57 million shares as dividend payments for the year 2024 to 65,425 shareholders. The entitlement ratio was 100:6, meaning that for every 100 shares owned, shareholders received 6 new shares. The remaining 11,923 fractional shares were canceled.

The issuance was funded by undistributed post-tax profits from the audited financial statements for 2024. The transfer of shares is expected to take place in July 2025.

Following this issuance, DIC Corporation’s chartered capital increased from VND 6,098.5 billion to VND 6,464.3 billion.

In addition to the aforementioned share issuance for dividend payments, the 2025 Annual General Meeting of Shareholders also approved a plan to offer shares to existing shareholders at a ratio of 24.596%, corresponding to an offering of 150 million shares at a price of VND 12,000 per share, with a maximum mobilization of VND 1,800 billion. This offering is expected to be carried out from Q3 2025 to Q4 2025.

The total proceeds from this offering are intended to be utilized by DIC Corporation for the following purposes: repayment of DIG12301 bonds amounting to VND 600 billion, scheduled for Q4 2025 to Q1 2026; additional investment in the Cap Saint Jacques Complex – Phase 3 (Block C4) project located at 169 Thuy Van, Ward 8, Vung Tau City, with an allocated amount of VND 600 billion; and additional investment in the Vi Thanh Commercial Residential Area project in Ward 4, Vi Thanh City, Hau Giang Province, with an allocated amount of VND 600 billion.

The timing of capital utilization for the above two projects will depend on the progress of the projects (expected from Q4 2025 to 2026).

In terms of business performance, DIC Corporation recorded a remarkable surge in revenue during Q1 2025, reaching VND 153 billion, a 312-fold increase compared to the same period last year. However, after accounting for taxes and expenses, the company reported a net loss of over VND 45.4 billion.

As of March 31, 2025, DIC Corporation’s total assets amounted to nearly VND 18,910.3 billion. Notably, inventory accounted for 48% of total assets, totaling nearly VND 9,085.6 billion.

On the liabilities side of the balance sheet, total liabilities stood at over VND 10,927.6 billion, reflecting an increase of VND 429.6 billion since the beginning of the year. This included financial loans and leases of over VND 3,350.3 billion and other short-term payables of VND 3,436.7 billion.