BSI plans share issuance to raise charter capital

BIDV Securities Co, the investment arm of the Bank for Investment and Development of Viet Nam, has asked shareholders to approve its charter capital increase plan.

 

According to the plan, BIDV Securities (BSC) will raise its charter capital to VND1.07 trillion (US$47.8 million) from the current figure of nearly VND930 billion.

To complete the plan, the company intends to issue 4.6 million shares this year to current shareholders to make a 5 per cent advance dividend payout for 2017 performance.

BSC also plans to auction 10 million shares on the public market.

The auction price will start at VND10,000 per share and auctions will be organised between the fourth quarter of 2017 and the first quarter of 2018.

Shares of BSC are listed on the HCM Stock Exchange under code BSI, closing up 1.4 per cent on Tuesday at VND14,700 per share.

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