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Chuong Duong Corporation (Chuong Duong Corp, ticker CDC, listed on HoSE) has approved the transfer of a portion of its contributed capital in its subsidiary Chuong Duong Homeland. Homeland has a charter capital of VND 555 billion, of which Chuong Duong Corp's contributed capital as of March 31, 2026 stood at VND 331.34 billion, representing 59.7%. Chuong Duong Corp plans to transfer 32.34% of the charter capital of Chuong Duong Homeland for a price not less than VND 190 billion. The transaction is expected to be completed before May 5, 2026, by way of agreement. If the transaction is successful, Chuong Duong Corp will reduce its ownership stake in Chuong Duong Homeland from 59.7% to 27.27%. In a separate development, Chuong Duong Corp recently announced an extension of the period to transfer subscription rights, register to buy, and pay for shares in the near 52.8 million-share offering, as follows: [image]. Source: CDC Under the disclosed plan, Chuong Duong Corp will offer nearly 52.8 million shares to existing shareholders with a right to subscribe at a 1:1 ratio (on the record date, a CDC shareholder will receive 1 right to buy for each 1 share; and every 1 right may be used to purchase one new share). At an issue price of VND 10,000 per share, the company is expected to raise more than VND 527.7 billion, intended to repay loans to individuals/entities, redeem maturing or outstanding bonds, and restructure short-term bank borrowings. The list of shareholders registered to exercise the rights was fixed on April 20, 2026. If the rights offering proceeds, Chuong Duong Corp’s charter capital will increase from more than VND 527.7 billion to nearly VND 1,055.5 billion. Previously, Chuong Duong Corp approved a plan not to pay dividends from undistributed after-tax profits as of December 31, 2025, with profits retained to bolster the capital base for business operations, development investment, and to increase equity to enhance competitiveness. The value of undistributed profits after tax as of December 31, 2025, as reported in the audited consolidated financial statements for the year ended December 31, 2025, was retained at over VND 45.7 billion. Read more
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