IPA shareholders approve VND500 bn private share placement

IPA Investment Group Joint Stock Company (IPA) announced on September 22, 2025, the approval by its general meeting of shareholders for a private placement of 50,000,000 common shares. The offering is valued at 500,000,000,000 Vietnamese dong at par value, with each share priced at 10,000 Vietnamese dong. The offering price will not be less than 20,000 Vietnamese dong per share or 90% of the average closing price over 10 consecutive trading days preceding the board of directors' detailed issuance plan.

The capital raised from this placement will be primarily used for the early redemption of corporate bonds issued by the company in 2024. The placement is targeted at professional securities investors and is scheduled for implementation in 2025 and/or 2026, following approval from the State Securities Commission.

The board of directors is authorized to finalize the offering details, select investors, and manage the specific timing of the issuance. Shares from this private placement will be subject to a one-year transfer restriction period for professional securities investors.