The State Financial Investment Company of Ho Chi Minh City (HFIC) is set to auction 121.6 million purchase rights for shares of Ho Chi Minh Securities Corporation (HCM) at a starting price of 6,875 VND per right, aiming to raise more than 800 billion VND. Registration and deposit payments will take place from July 24 to August 4, 2025, with the auction scheduled for August 12, 2025. HSC, the issuer, received approval to extend its Public Offering Certificate until September 30, 2025, planning to sell 359.98 million shares at 10,000 VND each. Existing shareholders can buy 1 new share for every 2 old shares they hold. The project is expected to generate about 3,599.8 billion VND, with nearly 70% allocated for margin lending activities. In the first six months, HSC reported a revenue of 2,073 billion VND but a 29% drop in net profit to 419 billion VND. Total assets reached 34,937 billion VND, with margin debt exceeding 20,000 billion VND.
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