HCMC – Coteccons Construction JSC (HOSE: CTD) is seeking shareholder approval for a public bond issue worth up to VND1.4 trillion in 2025, alongside plans to list the bonds on the local exchange.
The proposed bond sale, part of Coteccons’ 2025 capital mobilization plan, is subject to shareholder approval, which will be sought via a ballot from July 17 to 28. The company will finalize the list of eligible shareholders on July 11.
Coteccons plans to register and list the bonds upon completing the issuance, in compliance with prevailing regulations and the final offering plan to be approved by competent authorities.
The fundraising move comes amid the company’s robust financial performance. In January-March, Coteccons posted consolidated revenue of over VND5 trillion, up 7.2% year-on-year, driven by accelerated construction and handover of key projects.
The company’s consolidated revenue from October 2024 to June 2025 reached VND16.65 trillion, up 15.2% year-on-year. After-tax profit rose to VND255 billion, up 5.8% from the same period last year.
The company also secured new contracts worth around VND23 trillion during the nine-month period, bringing its project backlog to approximately VND37 trillion as of the end of June.
Closing the trading session today, July 1, CTD edged down 0.82% to VND84,800, with over one million shares changing hands.
Vietnam’s benchmark VN-Index rose slightly on Tuesday, supported by gains in key bluechip stocks and improved market liquidity.
The index inched up 1.77 points, or 0.13%, at 1,377.84. Trading volume rose nearly 18% to over 815 million shares, while total value increased 11% to VND21.02 trillion. Block deals accounted for 46.4 million shares worth VND2.21 trillion.
Lender VCB was the biggest contributor to the main index with a 2.11% gain and a trading volume of over 10 million shares.
Other notable gainers included GVR, up 2.8% to VND31,150, and budget carrier VJC, up 2.7% to VND90,500.
MSN and energy firm GAS tumbled, losing over 2% to VND75,200 and VND66,400, respectively. Lender SHB recorded the highest volume with 47.3 million shares traded.
On the Hanoi Stock Exchange, the HNX-Index fell 0.34% to 228.45 points, with 70 gainers and 77 losers. Volume reached 80.1 million shares worth VND1.41 trillion.
