Binh Duong Tycoon Plans to Increase Real Estate Profit by 827%, Issues Shares to Raise an Additional 2.5 Trillion VND

Becamex Technical Infrastructure Development Joint Stock Company (Becamex IJC, stock code IJC) has announced its 2025 annual meeting plan with a revenue target of 2,086 billion VND, up 78% from 2024. Notably, the real estate segment aims for a remarkable 207% increase in revenue to 990 billion VND, with after-tax profit projected at 203 billion VND, representing an increase of 827%. The company plans to implement projects in Binh Duong, including Sunflower II Villas and Hoa Loi Residential Area. Additionally, Becamex IJC intends to raise 2,500 billion VND through issuing nearly 252 million shares to existing shareholders at a ratio of 3:2, expected to be carried out in 2025-2026. The funds will be used for investment in infrastructure projects such as upgrading and expanding National Highway 13, and contributing to other infrastructure projects. Becamex IJC previously conducted a share offering in February 2024, increasing its charter capital to 3,777.5 billion VND.

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