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Brokerage firms VPS, DNSE, Vietcap, and OCBS are raising capital through share issuances to increase their charter capital ahead of FTSE Russell’s confirmation that Vietnam’s market will be upgraded from a frontier market to an emerging market tier.
According to Ha Ly, on Friday, 17/04/2026, VPS, DNSE, Vietcap, and OCBS are among the securities companies conducting share issuances to boost charter capital before FTSE Russell confirms the upgrade from frontier to a secondary emerging market.
On March 11, VPS completed a share issue to raise capital from equity. VPS distributed 913.09 million shares to 16,798 shareholders, with 1,416 fractional shares canceled. Share transfer is expected in Q2 2026, and the issued shares are freely transferable.
After completion, VPS’s charter capital increased from 15,218 billion dong to 24,349 billion dong. The capital increase was completed before the record date for participation in the 2026 annual general meeting on March 16. The AGM is scheduled for April 15 in Hanoi.
By March 23, DNSE completed a rights issue to existing shareholders. The company distributed a total of 85.94 million shares, including 85.37 million shares allocated from January 15, 2026 to March 16, 2026, and 276,177 shares allocated on March 23, 2026.
With an offering price of 15,000 dong per share, DNSE is expected to raise nearly 1,275 billion dong. About 86% (roughly 1,105 billion dong) is planned for margin trading support and prepayment for sale, while the remaining 14% (roughly 180 billion dong) will be used to augment proprietary trading.
After completion, charter capital increased from 3,426 billion dong to 4,282 billion dong. Capella Group became a major shareholder after acquiring 42.075 million shares, representing 9.8% of charter capital.
On March 27, Vietcap completed a rights issue. The rights ratio was 20:7, meaning a shareholder holding 20 shares receives 7 new shares. Vietcap distributed more than 297.5 million shares to existing shareholders, and 3,075 fractional shares will be canceled.
The total value issued at par was 2,975.4 billion dong, funded from equity as reflected in audited financial statements. After completion, Vietcap’s charter capital increased from 8,501 billion dong to 11,476.3 billion dong.
On April 3, OCBS issued 200 million new shares to existing shareholders to raise capital. The rights offering used a 120:200 ratio; 151.3 million shares were allocated to 7 shareholders, representing 75.66% of the total offering. The remaining 48.6 million unallocated shares will be canceled.
The expected transfer date is May 3, 2026. At 10,000 dong per share, OCBS raised 1,513.2 billion dong and increased charter capital from 1,200 billion dong to 2,713 billion dong.
After the offering, OCBS has 66 shareholders, including 63 domestic shareholders holding 271.19 million shares and foreign shareholders (3 individuals) holding 130,000 shares. One major shareholder holds 96.62% of charter capital.
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