VNDirect Securities announces $25.85m bonus & rights issue

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.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.