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Ho Chi Minh City Infrastructure Technical Investment Joint Stock Company (CII, ticker CII) has received approval from the HoSE to extend the distribution period for its convertible bond offering by 30 days beyond the end date of the public offering license no. 46/GCN-UBCK issued on March 10, 2026. CII is also seeking approval from the State Securities Commission to extend the distribution period further. If approved, the company’s Board of Directors will decide on specific adjustments to related deadlines and notify investors.
Previously, CII announced an offering of 25 million convertible bonds under code CII425002. The bonds are convertible into common shares, with no warrants and no collateral. The bond term is 15 years.
At a sale price of 100,000 VND per bond, the total issue value is 2,500 billion VND. Proceeds will be used to invest in the project to expand the Ho Chi Minh City – Trung Luong – My Thuan Expressway.
The bonds are expected to be convertible at a ratio of 1:8, meaning each bond can be converted into 8 common shares. The conversion price is 12,500 VND per share. Conversion is expected to be carried out over 13 tranches, as outlined in the company’s offering materials.
The minimum purchase amount for both individuals and institutions is 100,000 VND at face value.
CII held its 2026 annual general meeting on April 28, 2026. The company presented a business plan targeting revenue of around 3,720 billion VND, total expenses of 3,352 billion VND, and net profit after tax for the parent company of 225 billion VND.
For the infrastructure segment, CII set a toll revenue target of over 2,800 billion VND. The company said its main focus remains the Trung Luong – My Thuan Expressway project, expected to become operational from 2029 and could double revenue.
CII also continues to study and prepare for participation in additional projects, including a highway on National Route 51, expanding the North–South axis, upgrading National Route 22, and the XLHN2 project.
At the meeting, CEO Le Quoc Binh said the profit target is low due to the real estate cycle. He noted that some projects will not be handed over until around 2027–2028, when profits are expected to be recognized. He also highlighted accounting considerations: some profits have already been realized and contracts signed, but have not yet been recognized under applicable accounting standards.
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