HCMC – VPB Securities Corporation (VPBankS) plans to issue 608 million shares to its existing shareholders.
VPBankS will start the share sale from the final quarter of 2022 to the first quarter of 2023 after the State Securities Commission of Vietnam approves the plan.
The brokerage is expected to raise VND6,080 billion from the issue to increase its charter capital from VND8,920 billion to VND15,000 billion, making it the largest brokerage in the country by charter capital.
Currently, stock brokerage SSI ranks first with its charter capital of VND14,911 billion. Its peer VND takes the second place with VND12,178 billion.
The board of directors and shareholders of VPBankS set an ambitious goal of developing VBPBankS into a leading financial institution in Vietnam.
VPBankS targets its revenue and after-tax profit for 2022 at VND1,509 billion and VND632 billion, up 131 times and 104 times higher than the year-ago figure, respectively.
On the local stock market, the VN-Index of the Hochiminh Stock Exchange ended the first trading session of the week almost unchanged today, October 31. With 138 winners and 317 losers, the benchmark index rose a slight 0.58 points, or 0.06% against the previous session at 1,027.94.
Turnover on the southern bourse improved 1.12% in volume but declined 14.42% in value over the session earlier at more than 662 million shares and VND11,420 billion. Shares traded in block deals accounted for over VND1,500 billion of the total value.
Stocks in the banking and securities sectors were the top contributors to the main index’s gain.
Among bank stocks, the three bluechips VCB, CTG, and BID advanced over 2% each. SHB was the biggest winner in the field, with a 4.1% increase.
Regarding securities stocks, HCM stole the limelight as it rose to its upper limit at 6.8%, with over 9.81 million shares changing hands.
Meanwhile, on the Hanoi bourse, the HNX-Index shed 3.31 points, or 1.55%, versus last Friday at 210.43, with 60 advancers and 128 decliners.