Hoang Quan Real Estate Consulting Corporation (HQC) has decided to issue 50 million shares to convert 500 billion VND of debt at a price of 10,000 VND per share, above the current market price. The swap is expected to be executed in 2025-2026, pending approval from the State Securities Commission. The four creditors include Hai Phat Investment Corporation, VDC Construction Design Consulting LLC, and two company executives. Upon successful completion, they will hold a total of 15.96% of HQC’s equity. The company had previously suspended the issuance in November 2025 for file updates. Regarding business performance, in the first nine months of 2025, revenues reached nearly 51 billion VND, with profits dropping by 32%, and total assets slightly reduced to about 9,872 billion VND. Total liabilities are recorded at approximately 4,460.1 billion VND.
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