HCMC – APG Securities JSC (HOSE: APG) plans to raise up to VND1.2 trillion by issuing shares via private placement and an additional VND2 trillion through a private bond issue, the company said in documents submitted to shareholders.
Specifically, APG aims to issue up to 100 million shares to fewer than 100 professional investors, with an offering price not lower than VND12,000 per share. Its board of directors said the funds will be used mainly to expand margin lending, with 70% of proceeds allocated for margin and advance payment loans.
The proposed share sale will be conducted at a price not below the company’s book value per share, which was VND10,743 as of December 31, 2024. The shares will be subject to a one-year transfer restriction for investors.
The plan also includes the issuance of up to VND2 trillion in non-convertible, unsecured bonds, with a maximum coupon rate of 9% and maturities ranging from one to three years. The bonds may be secured by company or third-party assets, or other forms of collateral allowed by law.
APG expects to raise its charter capital from around VND2.24 trillion to VND3.24 trillion after the share issue. The company said the capital increase is needed to strengthen its financial capacity, support margin lending, and prepare for opportunities from a potential upgrade of the Vietnamese stock market.
APG reported a loss for the 2024 financial year and is not eligible for a rights issue to existing shareholders, prompting the use of a private placement. APG said the fundraising will help the company improve governance and support restructuring efforts.
Closing the trading session today, April 23, APG shot up to its ceiling price of VND11,300, with over 1.4 million shares changing hands.
The benchmark VN-Index rose 1.16% at the close on Wednesday, ending the session up 13.87 points at 1,211. The market saw 416 gainers and 120 decliners.
Trading volume reached 855.2 million shares worth nearly VND19 trillion, down sharply from the previous session. Block deals accounted for 68.7 million shares valued at VND1.85 trillion.
Bank stocks faced selling pressure in the afternoon, with SHB falling 1.52% to VND13,000 and SSB dropping 3.65% to VND18,500. STB and VCB also posted losses. VCB’s decline weighed on the main index, taking away more than one point.
On the positive side, TCB rose 3.78% to VND26,100, contributing 1.6 points to the VN-Index. EIB, MSB, ACB, and MBB also advanced, with increases between 1.3% and 2.45%.
SHB was the most actively traded stock on the southern market, with 101.2 million shares changing hands. Foreign investors net sold almost 4.8 million SHB shares and also sold large volumes of MBB, TPB, VPB, and HDB.
Real estate stocks continued to advance, led by SGR and DXS hitting their ceiling prices. DXG climbed 5.36% to VND14,750 on over 20 million shares traded. VRE jumped 6.55% to VND21,950, touching the ceiling at times.
Industrial real estate stocks gained strongly. CCI increased 6.25% to VND21,250, BCM was up 5.77%, VGC rose 4.28%, SZC climbed 4.29%, and GVR advanced 3.81%.
On the northern market, the HNX-Index gained 1.8%, rising 3.74 points to 211.45 points, with 131 gainers and 37 losers. There were 66.5 million shares valued at VND972.8 billion being traded on the northern market.
