DIC No.2 completes capital raise for equipment and debt repayment

Vũng Tàu, November 21, 2025 – Development Investment Construction Number 2 JSC (DIC No.2) announced the completion of its private placement, successfully raising VND 34.19 billion through the sale of 3,419,309 shares. This capital will primarily be allocated to equipment investment and short-term debt repayment.

Of the total capital raised, VND 9 billion is earmarked for investing in construction equipment and tools, including a 10-ton tower crane and aluminum formwork. The remaining VND 25.19 billion is designated for settling various short-term loans from BIDV, Ba Ria – Vung Tau branch, with maturities extending into mid-2025. As of November 21, 2025, VND 29.79 billion of the total capital has been utilized.

The company initially planned to raise VND 50 billion by offering 5,000,000 shares. However, due to objective factors causing delays in the offering process, the final amount raised was lower. Despite this, DIC No.2 proactively managed its finances to repay bank loans, ensuring financial stability. The utilization progress report is publicly available on the company's website.