Song Da No. 11 details capital increase utilization

Song Da No. 11 Joint Stock Company has publicly announced the audited report on its capital utilization from the rights issue, increasing its charter capital from VND 241,687,110,000 to VND 400,000,000,000. This report covers the period up to October 9, 2025. The company confirmed that the information disclosed is accurate and it takes full responsibility for its content.

The proceeds from the rights issue, totaling VND 205,805,657,000, were primarily allocated to two key areas. VND 145,000,000,000 was invested in the acquisition of shares in Phuc Long Hydropower JSC, while the remaining VND 60,805,657,000 was used to repay bank loans. This included three specific loans: VND 37,018,397,297 for BIDV Bank, VND 19,751,633,074 for MB Bank – Thanh Xuan Branch, and VND 4,035,626,629 for VPBank – Kinh Do Branch.

The audited report, issued by CPA Vietnam – Northern Branch on November 26, 2025, confirms the accurate and fair reflection of the capital utilization in accordance with the specified reporting basis. The company’s board of directors has committed to adhering to accounting standards and relevant regulations in preparing the report.