Saturday, October 29 2016


BIDV Securities aiming for higher capital in 2016

Update: April, 06/2016 - 10:48
The company expects to increase its capital from VND865 billion (US$38.4 million) to between VND1 trillion and VND1.5 trillion this year. — Photo

HÀ NỘI (VNS) — The BIDV Securities Company (BSC) will ask shareholders for approval to increase capital at the company’s annual shareholder meeting, which will be held on April 23.

The company expects to increase its capital from VNĐ865 billion (US$38.4 million) to between VNĐ1 trillion and VNĐ1.5 trillion this year.

BSC may raise its capital by issuing between 13.5 million shares and 63.5 million shares to one or three investors for at least VNĐ10,000 per share.

The company may also issue more than 4.3 million shares to make a dividend payment for shareholders. Those shares will not be restricted from being traded.

Last year, BSC reached revenue of VNĐ465.3 billion and pre-tax profit of VNĐ101.4 billion, which erased the company’s accumulated loss during the previous years.

The company is targeting revenue of VNĐ330.4 billion and pre-tax profit of VNĐ75 billion this year, and may enter the derivative market. —  VNS

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