Conversion of over 200 billion bonds into shares of the owner of the largest container fleet in Vietnam, SSIAM group profits doubled after 1 year

HAH has issued 8.55 million shares to convert from 203 bonds at a rate of 1:42,124.77 with a conversion price of 23,739 VND/share, expected to be completed in March-April 2025. The company’s charter capital increases to nearly 1,299 billion VND. On March 21, HAH shares closed at 50,500 VND/share, equivalent to a conversion value of approximately 432 billion VND, 2.1 times the initial bond value. HAH issued 500 billion VND bonds on February 2, 2024, with a fixed interest rate of 6% per year. Four major investors purchased the bonds, including Japan South East Asia Finance Fund III L.P. and SSIAM. In 2024, HAH’s revenue reached 3,992 billion VND, with a parent company’s net profit of 650 billion VND, and plans for 2025 to exceed 1.5 million TEU and revenue of 4,243 billion VND.