On September 17, Becamex IDC (BCM) announced the voting results regarding the plan to issue an additional 150 million shares at a starting price of 50,000 VND/share to raise charter capital by at least 7,500 billion VND. However, this plan was not approved as the approval rate only reached 2.85%. Out of 136 votes cast, only 128 votes agreed, while 6 votes abstained. The HCM City People’s Committee currently holds 95.44% of Becamex IDC’s shares. The funds from this issuance were intended for infrastructure investments in industrial parks. Earlier in early 2025, Becamex IDC planned to issue 300 million shares but had to postpone due to unfavorable market conditions. To raise funds, in August, the company issued two bond lots worth 2,500 billion VND with an interest rate of 10.3%-10.5% per year to restructure debts. Becamex IDC is one of the leading industrial real estate developers in Vietnam with 7 industrial parks and 25 subsidiaries.
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