HCMC – PetroVietnam Power Corporation (HOSE: POW) will issue around 726 million new shares through a rights offering, a stock dividend, and a bonus share issuance as part of its capital increase plan.
The rights offering will consist of over 281 million shares. Shareholders are allowed to purchase one new share for every 100 shares they currently hold. The issue price is set at VND10,000 per share. These shares will have a transfer restriction for one year from the completion date of the sale.
The rights transfer will take place from December 18 to December 29. Registration and payment for share purchases will run from December 18, 2025, to January 6, 2026.
POW aims to raise over VND2.81 trillion from the offering. The funds will be used to finance equity for the Nhon Trach 3 and Nhon Trach 4 power plant projects, which include payments to contractors and partners.
The company will also issue nearly 93.7 million shares as a 4% stock dividend. Shareholders holding 100 shares will get four new shares. The issuance will be funded by undistributed after-tax profit reported in the company’s audited 2024 financial statements.
The firm plans to distribute over 351.28 million bonus shares at a rate of 15%, meaning that shareholders will receive 15 new shares for every 100 shares they currently hold. This distribution will be funded by the company’s development investment fund, as outlined in its audited financial statements for 2024.
In the first nine months of 2025, POW reported VND 25.4 trillion in revenue, achieving 96% of its annual target. The after-tax profit reached VND2.18 trillion.
Closing the trading session today, December 3, POW edged down 0.34% to VND14,850, with a trading volume of nearly 5.5 million shares.
Vietnam’s benchmark VN-Index closed higher on Wednesday, supported by strong foreign inflows and gains in bank stocks. The index rose 14.71 points, or 0.86%, to 1,731.77, with the Hochiminh Stock Exchange recording 225 winners and 101 losers.
Trading volume reached 822.6 million shares worth VND28.6 trillion, up 18.5% in volume and 27.7% in value from the previous session. Block deals accounted for 102 million shares worth VND6.07 trillion.
Foreign investors were net buyers of 51.7 million shares worth VND3.8 trillion. Most of the value came from a large block trade in VPL worth VND3.44 trillion. They also increased purchases of banking stocks, including MBB, VPB, CTG, and SHB.
Bank stocks advanced across the board. CTG gained 6% and briefly hit its ceiling price. VPB rose 4.67%, MBB climbed 4.25%, and BID added 4.21%. Other lenders also ended higher.
Securities stocks were mixed. VIX, APG, TVS, and DSE closed lower, while CTS rose 2.77%. VCI, VND, ORS, and BSI advanced between 1% and 2%.
Real estate and construction stocks posted varied performance. LDG hit the ceiling. CCI, NBB, and HTN gained, while VRC fell to its floor price. VPL dropped 3.66% despite strong foreign interest in block deals. VIC and VRE also declined, while VHM ended flat.
Lender SHB took the lead in liquidity with nearly 81.8 million shares changing hands. It advanced 2.06% to VND17,350.
On the Hanoi Stock Exchange, the HNX-Index rose 0.8 point, or 0.31% to 259.67. The northern exchange saw 81 advancers and 57 decliners, with 62.2 million shares traded worth VND 1.3 trillion.
