2025 profit plan is 2.3 times higher than the previous year, mobilizing 12,000 billion VND through bonds

Along with the ambitious business plan, VPS presented to shareholders a plan to issue private convertible bonds (VND 7,000 billion) to restructure debt and offer bonds to the public (VND 5,000 billion).

VPS: 2025 profit plan is 2.3 times higher than the previous year, mobilizing 12,000 billion VND through bonds

Along with the ambitious business plan, VPS presented to shareholders a plan to issue private convertible bonds (VND 7,000 billion) to restructure debt and offer bonds to the public (VND 5,000 billion).

VPS plans to raise 12,000 billion VND through bonds.

VPS Securities Joint Stock Company is preparing to hold the 2025 Extraordinary General Meeting of Shareholders on the morning of January 16, 2025.

According to the meeting documents, the Board of Directors will submit to the General Meeting of Shareholders for approval the 2025 business plan with consolidated pre-tax profit of VND 3,500 billion, 2.3 times higher than the 2024 plan.

In the first 9 months of 2024, VPS recorded a pre-tax profit growth of 257% over the same period to VND 2,104 billion, the second highest in the industry after TCBS. In 2024, the company aims to bring in VND 1,500 billion in consolidated pre-tax profit, an increase of 80% compared to the previous year. Thus, after only 3/4 of the year, VPS has exceeded the set target. This is also the highest profit in VPS's history.

VPS's Board of Directors also submitted to the General Meeting of Shareholders for approval the plan and policy of issuing bonds to the public with a maximum total issuance value of VND 5,000 billion in 2025. At the same time, these bonds will be registered at the Vietnam Securities Depository and Clearing Corporation and listed on the trading system at HNX.

Along with that, VPS will issue and offer private convertible bonds in 2025 with a maximum value of VND 7,000 billion . This number of securities will be offered to professional institutional securities investors and strategic institutional investors. Of which, the number of strategic institutional investors is less than 100 organizations.

Bonds are issued to restructure debt with a term of up to 6 months . This is a convertible bond, unsecured, without warrants. The bond offering price is equal to 100% of the bond's face value (VND 1 million/bond). The bond term is 2 years from the date of issuance. Conversion price information is specified in Clause 20, Article V of the plan but does not appear in the 94 pages of documents sent to current shareholders.

VPS added that the bonds will be converted into common shares of the issuer upon written request of the bondholder and after the State Securities Commission approves the increase in charter capital as prescribed. The early redemption of bonds upon request will be carried out according to the agreement between the bondholder and the issuer. The issuer is required to redeem bonds early when a default event of the bond occurs.

Also at the congress, VPS will submit to shareholders for approval to move its headquarters to 136 Tran Thu Do Street, Hoang Liet Ward, Hoang Mai District, Hanoi in 2025.

Source: https://baodautu.vn/vps-ke-hoach-loi-nhuan-2025-gap-23-lan-nam-cu-huy-dong-12000-ty-dong-qua-trai-phieu-d235774.html