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HD Securities (HDS) announced it will issue more than 73 million shares as a stock dividend. Under the distribution ratio of 2:1, shareholders holding 2 shares will receive 1 additional share. The last date to set the shareholder list for the dividend allocation is April 27, 2026. The dividend shares are not subject to transfer restrictions, and the distribution will be funded from undistributed post-tax profits per the audited 2024 financial statements, specifically more than 1,004 billion VND.
The stock dividend is one of two capital-raising options approved by HD Securities’ shareholders in November 2025.
The second option is a rights issue of 876.85 million new shares to existing shareholders at 10,000 VND per share. The rights issue ratio is 1:6, meaning one existing share entitles the holder to buy 6 new shares. Rights to purchase may be transferred once. Shareholders with restricted transfer rights will still be allocated rights to purchase. The issued shares are not subject to transfer restrictions. HDS expects to raise 8,768.5 billion VND from the offering.
According to the published roadmap, HD Securities will implement both options concurrently. Filing of the share offering documents to existing shareholders and issuing shares to pay the dividend are planned to occur simultaneously. The record date for the rights offering will be the same as the record date for the dividend.
Separately, HD Securities is expected to hold its 2026 Annual General Meeting on the morning of April 23.
In the materials disclosed to shareholders, HD Securities will present a 2026 business plan with total revenue of 4,747 billion VND and pre-tax profit of 3,375 billion VND, representing increases of 2.2 times and 2.6 times, respectively, compared with 2025.
By the end of 2025, HD Securities reported revenue of 2,121 billion VND and pre-tax profit of 1,313 billion VND, up 95%. The company proposed not to pay a dividend for 2025.
A key item in the shareholder materials is HD Securities’ proposal to conduct an Initial Public Offering (IPO) to support its mid- and long-term growth strategy, meet capital-raising needs, and gradually list the company’s shares on the stock market. The plan calls for the sale of 164.4 million shares, with an offering price not below book value. The timing is from Q2 to Q4 2026.
If all three plans are completed, HD Securities’ charter capital would rise to nearly 11,180 billion VND.
Regarding personnel, HD Securities will propose appointing one additional member to the Board of Directors for the remainder of the 2025–2030 term.
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