The State Financial Investment Company of Ho Chi Minh City (HFIC) has completed the sale of 116.3 million rights to purchase HCM shares of Ho Chi Minh City Securities Corporation (HSC), with a total transaction value of approximately 799 billion VND. After the transaction, HFIC’s ownership ratio at HSC will decrease, even though it still retains 121.6 million shares. HSC has announced a public offering of 359.98 million shares at 10,000 VND each with a ratio of 2:1, expecting to raise about 3.6 trillion VND. The funds will mostly be used for margin lending and proprietary trading activities. Regarding business results for the first half of 2025, HSC reported a revenue of 2.073 trillion VND and a pre-tax profit of nearly 523 billion VND. HFIC also recorded a 65% increase in after-tax profit compared to the same period last year, reaching 219 billion VND, with total assets valued at 11.973 trillion VND as of June.
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