HCMC — Kinh Bac City Development Holding Corporation (KBC) plans to raise VND6 trillion through a private placement of 250 million shares, the company said in a recent board resolution.
The shares will be offered at VND23,900 each, and account for 32.6% of KBC’s outstanding shares. The proceeds will be used to restructure debts at its subsidiaries.
The shares will be subject to a one-year transfer restriction. The issuance is expected to be completed within 90 days after approval from the State Securities Commission of Vietnam.
Eleven professional investors have registered to buy the shares, including four individuals who will purchase a combined 147 million shares. Institutional buyers include Dragon Capital, Prudential Vietnam, SGI Capital, and VPBank Securities.
KBC will hold its annual general meeting on June 28 in Bac Ninh Province. It will propose a 2025 business plan targeting revenue of VND10 trillion and after-tax profit of VND3.2 trillion.
In the first quarter of 2025, KBC posted net revenue of VND3.1 trillion, up 19.5 times year-on-year. It reported a net profit of VND849 billion, reversing a net loss of VND76.7 billion a year earlier.
Closing the trading session today, June 20, KBC edged up 0.39% to VND25,750, with a trading volume of over 6.2 million shares.
The Hochiminh Stock Exchange’s benchmark index closed lower on Friday due to losses in several large-cap stocks, despite gains in banking and export-oriented shares.
The VN-Index fell 2.69 points, or 0.2%, to 1,349.35 points, with 135 stocks rising and 167 others declining. Market liquidity improved, with nearly 847.6 million shares traded for a total value of VND22.1 trillion, up 6.9% in volume and nearly 18% in value compared to the previous session.
The VN30-Index, which tracks the 30 largest-cap stocks, shed over four points. Of the basket, 16 stocks gained and 12 lost ground. Lender MBB was the top performer, up 2.8%, followed by CTG with a 1.5% gain. Together with VCB, the three bank stocks contributed a combined 2.8 points to the main index.
However, bluechip losses dragged the market, with GAS edging down 3.2%, VIC dropping 2.9%, GVR slipping 2.3%, and VHM losing 2.1%. These four tickers together took away more than 5.5 points from the VN-Index.
Export-oriented stocks performed well, particularly in the seafood and textile sectors. In seafood, VHC jumped 6.7%, while IDI and ANV hit their daily ceiling prices. CMX rose 4.7%, ABT 4%, and ASM 3.8%. In the textile group, TCM advanced 5.2%, MSH 5%, EVE 2.6%, and GIL 1.7%.
Bank stocks mostly traded in a narrow range. SHB and MBB recorded the highest liquidity in the sector, with 59.5 million and 51.2 million shares traded respectively.
On the Hanoi Stock Exchange, the HNX-Index dipped 0.49 points, or 0.21%, to 227.07 points amid broad selling pressure and lackluster performance from the HNX30 group. There were 60 advancers and 80 decliners on the northern bourse, with total matching volume reaching 70.6 million shares valued at VND1.3 trillion.
