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Vinpearl Joint Stock Company (ticker: VPL) said its board has approved signing and implementing a private placement of preferred shares with a professional securities investor. The move is the next step in Vinpearl’s previously approved plan to issue redeemable preferred shares that pay dividends and can be converted into common stock.
Under the plan approved by Vinpearl’s 2026 annual general meeting, the company intends to offer up to 100 million preferred dividend shares with conversion rights into common stock. The offer price is 80,000 dong per share, implying maximum proceeds of up to 8,000 billion dong.
The annual dividend rate for the preferred shares is 6% cumulative, calculated on the offer price. The offering is expected to take place in 2026, after Vinpearl receives written approval from the State Securities Commission (UBCKNN).
Vinpearl expects its charter capital after the offering to increase to up to 18,933 billion dong.
Vinpearl said the raised funds will be used for business collaborations and investments, including:
On the stock market, VPL shares closed on 19/6 at 91,000 dong per share. The 80,000 dong offer price is about 12% below that closing price. Vinpearl noted that the offer price relates to preferred shares with dividend rights offered privately to professional investors, rather than publicly issued common stock.
Vinpearl reported first-quarter 2026 revenue from sales and services of 3,501 billion dong, up 17.8% year on year. Net profit reached 1,508 billion dong, sharply higher than 90 billion dong in Q1 2025.
Earlier, Vinpearl issued a bond tranche VPL12601 valued at 4,907 billion dong, with a 60-month term and a 12% coupon. The company said the bond proceeds are expected to finance the Vu Yen tourism and urban resort project.
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