New Developments in Hòa Phát’s Dividend Share Issuance of Nearly 1.3 Billion Shares

On May 22, the State Securities Commission announced receipt of documents for Hòa Phát’s (HPG) dividend share issuance. Following the decision from the shareholders’ meeting, Hòa Phát will issue nearly 1.28 billion shares (20% as stock dividend) to shareholders, replacing the previous plan of a 5% cash dividend and 15% in stock. The goal is to ensure financial security amidst global economic fluctuations. Post-issuance, the total value will be 12.793 trillion VND, raising the charter capital to 76.755 trillion VND, the highest among non-financial listed firms. By the end of Q1 2025, Hòa Phát achieved 37.9 trillion VND in revenue and 3.3 trillion VND in profit, marking increases of 22% and 16% year-on-year. Steel production reached 2.66 million tons, a 25% increase from the previous year.