MB Securities to raise capital through new share issuances

MB Securities Joint Stock Company (MBS) held its 2025 extraordinary general meeting of shareholders (EGM) on December 16, 2025, approving plans for an Employee Stock Ownership Plan (ESOP) and an additional share issuance to increase charter capital. The ESOP issuance of 8,592,194 shares, priced at VND 10,000 per share, is currently in progress, with a total offering value of VND 85,921,940,000. These ESOP shares are subject to transfer restrictions for three and five years, with 50% becoming freely transferable after three years and 100% after five years.

Following the ESOP completion, MBS plans a public offering of up to 333,659,490 additional common shares to existing shareholders, also at VND 10,000 per share. This rights offering, at a 2:1 ratio (one new share for every two existing shares), is expected to raise a maximum of VND 3,336,594,900,000. The proceeds will primarily be allocated to supplement capital for proprietary trading activities (VND 1,000,000,000,000) and margin lending activities (VND 2,336,594,900,000) starting in 2026. The EGM has authorized the board of directors to manage the implementation, including adjusting the offering period and utilizing other funding sources if the target capital is not fully raised.