HCMC – Container shipping firm Hai An Transport and Stevedoring JSC plans to raise more than VND1.88 trillion through a bond issue to existing shareholders as it accelerates fleet expansion and strengthens its position in the international shipping market.
According to documents prepared for its upcoming general meeting of shareholders, the Haiphong-based company will seek approval to issue 18.8 million bonds with attached warrants. The bond will come with a five-year term.
Each bond will include one warrant, with up to 10 shares available for purchase under each warrant. The proposed exercise price is VND20,000 per share, well below HAH’s closing market price of VND57,400 on May 18.
Hai An said the proceeds would be used to expand its container fleet and invest in seaports and inland container depots (ICDs) when opportunities arise.
The company said its current strategy focuses on developing its fleet to become not only a transport operator but also a recognized vessel owner and ship leasing provider in the international maritime market.
At the upcoming meeting, Hai An will also ask shareholders to approve a 20% cash dividend for 2025 and a 30% stock dividend plan for 2026.
Closing the trading session today, May 18, the VN-Index rose 6.34 points, or 0.33%, to 1,927.94 on the Hochiminh Stock Exchange, driven by gains in banking and energy shares despite weakness in real estate stocks.
The southern bourse saw 135 winners 178 losers. Total trading volume stood at 820.7 million shares valued at VND26.66 trillion, up 10.2% in volume and 15.64% in value compared with the previous session. Block deals accounted for 46.2 million shares worth VND2.86 trillion.
In the VN30 basket, MWG fell 3.7%, while VRE and VHM dropped 2.6% and 2.5%, respectively. VIC and VHM were the main negative contributors, together taking away more than eight points from the main index.
Energy stocks led sector performance. PLX surged to its ceiling price of VND45,150 per share, with 11.4 million shares traded. BSR gained 5.4% with nearly 20.9 million shares changing hands after briefly reaching its daily upper limit. GAS advanced 4% to VND93,000.
Other energy stocks also gained. PVD climbed 6.2% on more than 12 million shares. PVT increased 5.2% with 11.4 million shares traded.
Banking stocks provided major support. VCB rose 4.1% with 18.9 million shares traded. BID added 5% on more than 17.4 million shares. Together, the two lenders contributed over 8.5 points to the VN-Index. CTG added 1.4% to VND36,300 on nearly 18.9 million shares. SHB fell 0.7% to VND13,800 despite the sector’s highest liquidity at more than 44 million shares.
Insurance stocks also strengthened. BVH closed at the ceiling price of VND71,700 with nearly 1.8 million shares traded.
Securities stocks increased 1.3% overall. VIX picked up 1.3% on 44.2 million shares. HCM picked up 3% with 17.5 million shares changing hands. SSI edged up 0.9% and VND rose 1.2%.
On the Hanoi Stock Exchange, trading was active. The HNX-Index rose 1.83 points, or 0.71%, to 259.25. Total trading volume exceeded 98.4 million shares.
