VSC Green Logistics details capital allocation for expansion plans

VSC Green Logistics Joint Stock Company's board of directors has approved a resolution outlining the principles for utilizing capital from its recent share issuance and a contingency plan for under-subscription. The company anticipates raising VND 121,200,000,000 through an additional share offering to existing shareholders. These funds are earmarked for supplementing working capital and investing in new workshops, warehouses, machinery, equipment, and transportation vehicles to support business operations.

The capital allocation prioritizes four key areas: VND 40,000,000,000 for acquiring additional workshops and warehouses, VND 67,000,000,000 for new transportation vehicles, VND 4,200,000,000 for machinery and equipment, and VND 10,000,000,000 for working capital. The specific breakdown includes substantial investments in land use rights transfers and vehicle acquisitions, expected to be disbursed between Q1 2026 and Q1 2027.

Should the full target amount not be raised, the board of directors will prioritize capital distribution sequentially across these four categories and specific sub-items within each. The company will also consider using flexible financing options, including loans and other capital sources, to cover any shortfall. The resolution, effective immediately, tasks the general director with finalizing all relevant procedures.