Saigontel JSC has announced a plan to sell over 148 million shares to existing shareholders at a 1:1 ratio, priced at 10,000 VND per share, aiming to raise over 1,480 billion VND. This will double the number of shares from 148 million to 296 million, increasing the registered capital from 1,480 billion VND to 2,960 billion VND. The sale is expected to take place from Q4 2025 to Q2 2026, pending regulatory approval. In the first nine months of 2025, Saigontel reported revenue of over 1,285 billion VND, a year-on-year increase of 51.6%, and a net profit of nearly 356.6 billion VND, which is up 12.8 times compared to the same period last year. The strong profit growth is attributed to the successful launch of the Dai Dong Hoan Son Phase 2 project and compensation received for storm damages. As of September 30, 2025, total assets stood at over 7,697 billion VND, down 6.6% from the beginning of the year.
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