SSI offers 151 million new shares to shareholders, price 15,000 VND/share

In addition to the right to purchase new shares at a ratio of 10:1, SSI shareholders will also receive the right to receive cash dividends (10%) and shares (20%). With more than 1.5 billion shares in circulation, SSI plans to spend more than VND1,509 billion to pay cash dividends.

SSI Securities is about to carry out a large capital increase, expected to collect more than 2,265 billion VND.

The Board of Directors of SSI Securities Corporation (code SSI - HoSE) announced the closing of the list of shareholders to pay 2023 cash dividends at a rate of 10% (VND 1,000/share) on September 24, 2024. Correspondingly, the ex-dividend date is September 23, 2024. Dividends are expected to be paid to shareholders on October 18, 2024. With more than 1.5 billion shares in circulation, SSI plans to spend more than VND 1,509 billion to pay dividends this time.

Currently, the largest shareholder of SSI is Daiwa Securities Group Inc., holding nearly 232 million shares (15.33%) and this unit will receive nearly 232 billion VND. NDH Investment Company Limited - the organization where Mr. Nguyen Duy Hung, Chairman of the Board of Directors of SSI is the owner is the second largest shareholder with more than 126.2 million shares (8.35%) and also received more than 126 billion VND in dividends.

On the same day, SSI will finalize the list to issue a total of more than 453.3 million shares, including 302.2 million bonus shares to increase capital at a ratio of 100:20 and offer more than 151 million shares to existing shareholders at a price of VND15,000/share at a ratio of 100:10. The purchase rights will be transferred from October 7 to October 24. The registration and payment period is from October 7 to November 4.

If the distribution is successful, this securities company will earn more than VND2,265 billion. At the same time, its charter capital will increase to VND19,644 billion, consolidating its current leading position.

With the plan to offer to existing shareholders, SSI's equity capital will widen the gap with TCBS.

In the second quarter, SSI achieved VND 2,307 billion in operating revenue, up 37% over the same period. Profit after tax of the parent company's shareholders reached VND 848.5 billion, up 51% over the second quarter of 2023. In the first half of 2024, operating revenue increased by 35% to VND 4,280 billion. Net profit increased by 51% and reached VND 1,613 billion. As of June 30, 2024, SSI's margin lending balance reached VND 19,600 billion, up 16% over the previous quarter and up 33.5% over the end of 2023. The company's total assets reached VND 71,108 billion, up 2.7% over the end of last year.

Recently, Mr. Nguyen Duy Linh, son of Mr. Nguyen Duy Hung, reported that he had completed the sale of all 47.12 million SSI shares he owned, equivalent to more than 3.12% of the company's charter capital, thereby no longer being a shareholder of this unit. The above transaction was conducted through negotiation, taking place between August 19 and August 23.

At the same time, NDH Investment Company Limited successfully purchased 32 million shares to increase its ownership ratio. The transaction was conducted from August 21 to August 23, 2024. NDH Investment Company Limited increased its ownership ratio from 94.2 million shares, accounting for 6.24% to more than 126.2 million shares, accounting for 8.35%.

According to transaction data, on August 19, more than 15.2 million SSI shares were traded with a value of approximately VND498 billion. Meanwhile, on August 21 and 23, a total of 32 million shares were traded with a value of VND1,025 billion. In total, the son of Chairman of the Board of Directors Nguyen Duy Hung is estimated to have earned more than VND1,500 billion.

Mr. Nguyen Duy Hung currently owns 11.7 million SSI shares, equivalent to 0.77%. Mr. Nguyen Duy Khanh - Mr. Nguyen Duy Hung's brother - owns about 3.5 million SSI shares, equivalent to 0.23%. On the stock market, SSI's share price closed on September 4, 2024 at VND33,150/share, approximately the same as the end of last year.

Source: https://baodautu.vn/ssi-chao-ban-151-trieu-co-phieu-moi-cho-co-dong-gia-15000-dongco-phieu-d224071.html