Hoang Quan Real Estate Consulting and Trading Joint Stock Company (HQC) plans to issue 50 million shares to swap 500 billion VND of debt at a price of 10,000 VND per share. These shares will have a one-year transfer restriction. The purpose of the issuance is to improve financial conditions and reduce costs while increasing its charter capital from 5,766 billion VND to 6,266 billion VND. Creditors involved in the swap include VDC Construction Design Consulting Company, Trương Anh Tuấn, Nguyễn Thị Diệu Phương, and Hai Phat Investment. If successful, Hai Phat will receive 21.2 million shares, equivalent to 3.383% of HQC’s charter capital. According to the Q2 2025 financial report, the company reported a net revenue loss of 10.8 billion VND but, due to a significant increase in financial revenue, still posted a net profit of nearly 4.9 billion VND, a decrease of 53.8% year-on-year.
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