Vietcap Securities (VCI) received an additional loan of nearly 3,000 billion after Ms. Thien Kim 'sold' 13.2 million shares.

Vietcap Securities signed a loan financing contract of nearly 3,000 billion

Vietcap Securities Joint Stock Company (VCI) has just signed a loan financing contract worth 119 million USD, equivalent to 2,975 billion VND. In which, the loan was jointly arranged by Maybank Securities Pte. Ltd., Malayan Banking Berhad (Singapore Branch), Maybank Philippines, Inc., Maybank International, and Taishin International Bank Co., Ltd.

In addition, VCI also signed the right to increase the credit commitment limit by an additional 81 million USD, equivalent to 2,025 billion VND. This is considered a move to help Vietcap be able to carry out foreign capital syndication transactions in the future.

Vietcap Securities (VCI) recorded an additional syndicated loan of nearly 3,000 billion from foreign partners (Photo TL)

With this loan, Vietcap Securities has recorded another successful capital mobilization after the previous capital mobilization in January 2024.

In Vietcap's capital structure, the company has just announced that it will issue shares to increase its equity capital. The source of issuance is from undistributed profit after tax, capital surplus, and charter capital supplementary reserve fund on the 2023 audited financial statements.

The expected issuance rate is 30%, equivalent to each shareholder owning 10 shares will receive 3 additional newly issued shares.

With this plan, Vietcap Securities will have to issue an additional 132.57 million shares, and increase its charter capital to VND5,745 billion.

At the end of the second quarter of 2024, Vietcap Securities' total assets reached VND 23,105 billion. Of which, liabilities accounted for VND 14,246 billion, equivalent to 61.7% of total capital.

Businesswoman Thien Kim "dumped" 13.2 million VCI shares

Also related to the activities of Vietcap Securities, at the end of August, businesswoman Truong Nguyen Thien Kim, a major shareholder of VCI, "sold" up to 13.2 million shares.

Ms. Thien Kim has registered to sell shares from September 4, 2024 to October 3, 2024. The transaction is carried out by order matching or negotiation. It is estimated that Ms. Thien Kim will earn about 623 billion VND after this transaction.

After the transaction, the number of VCI shares owned by Ms. Thien Kim decreased to 9.6 million shares, equivalent to 2.18% of charter capital. Thus, Ms. Thien Kim will no longer be a major shareholder of Vietcap Securities.

In addition to her role as a major shareholder, Ms. Thien Kim is also the wife of Mr. To Hai, CEO of Vietcap Securities JSC. This businesswoman is also a leader at International Dairy Products JSC (IDP), Ben Thanh Trading and Service JSC (BTT), Western Bus Station JSC (WCS).... At the same time, Ms. Thien Kim is also the owner of a series of famous brands in the F&B industry such as the Phe La coffee chain or Katinat Cafe.

Regarding business activities, Vietcap Securities recorded revenue in the first half of the year reaching over VND1,700 billion, up 72% over the same period. Profit after tax reached VND477 billion, nearly 2.5 times higher than the same period. The company has also completed more than 80% of the annual profit plan even though it has only passed half of the time.

Source: https://www.congluan.vn/chung-khoan-vietcap-vci-nhan-them-khoan-vay-gan-3000-ty-sau-khi-ba-thien-kim-xa-ban-132-trieu-co-phieu-post312777.html