VSC Green Logistics to issue new shares for expansion

VSC Green Logistics Joint Stock Company's board of directors has approved a resolution to increase its charter capital by issuing new shares. This initiative, stemming from a general meeting of shareholders resolution on March 10, 2025, involves issuing an additional 13,332,000 common shares. The issuance will comprise 1,212,000 shares for a 2024 dividend payment at a 10% rate and a further 12,120,000 shares offered to existing shareholders at a 1:1 ratio. The par value for all shares is VND 10,000 per share, bringing the total value of the new issuance to VND 121,200,000,000.

The new capital will increase VSC Green Logistics’ charter capital from VND 121,200,000,000 to VND 254,520,000,000, resulting in an estimated 25,452,000 shares outstanding after the issuance. The proceeds from the offering to existing shareholders, totaling VND 121,200,000,000, are earmarked for business expansion.

The funds will be allocated across several key areas: VND 10,000,000,000 for working capital, VND 40,000,000,000 for additional warehouses and yards, VND 67,000,000,000 for transport vehicles, and VND 4,200,000,000 for machinery and equipment. The company anticipates executing this plan between Q4 2025 and Q2 2026, pending approval from the State Securities Commission. The board of directors will also implement measures to ensure the foreign ownership ratio does not exceed the 49% limit.