Vietnam-based securities firm VNDirect Securities has announced a stock bonus and rights issue for the existing shareholders.
The company will be issuing 55 million shares, valued at VND 10,000 to raise money ( VND 550000 million or $25.85 million) for increasing the charter capital for company’s operations. This will include: advanced professional development on lending activities, securities margin trading services, funding for M&A activities.
VNDirect Securities will offer 49,999,500 shares to existing shareholders while bonus shares offered to the existing shareholders will be 4,999,950 shares, both at a price of VND 10,000 per share.
This Q3, VNDirect ‘s revenue was VND 114.2 billion, an increase of 122.4% compare to the same quarter, last year. Revenues from brokerage was pegged at VND-50 billion, an increase of 254% while profit before tax reached 53 billion (89.3% growth over the same period, last year). The company has already booked a pre-tax profit approximately VND 147 billion, for this year, till the end of third quarter vis-a-vis targeted profit of VND 191.6 billion.