Chairman of Xuan Thien Group present at a securities company

Sen Vang Securities JSC (code GLS) has just held its 2025 annual general meeting of shareholders with the presence of key shareholders.

Only 4 shareholders attended the meeting, but these 4 shareholders hold up to 75.05% of the shares of Sen Vang Securities. This list includes: Khang An Agricultural Trading Company Limited (20%), Ms. Thai Kieu Huong (15.13%), Mr. Le Huy Dung (20.03%) and Mr. Ho Ngoc Bach (19.88%).

This year's Sen Vang Congress approved many notable contents, including the request to change the company's name to Xuan Thien Securities Company (XTSC).

In fact, Sen Vang has returned to Xuan Thien Group after a member of this Group's ecosystem, Khang An Agricultural Trading Company Limited, bought back shares from the old leaders in April 2024.

Along with the similar name change, Sen Vang Securities will also offer shares to existing shareholders to increase charter capital, and at the same time offer individual shares to strategic shareholders to increase charter capital to VND3,000 billion. The presiding board of the meeting said that the figure of VND3,000 billion is suitable for the current context, according to the financial strength of major shareholders, even this is just the first step to "join the game" and not the final destination.

Specifically, the plan to offer to existing shareholders is expected to offer an additional 135 million shares at an issue price of VND10,000/share. The exercise ratio is 1:10. Expected to be implemented in 2025 - 2026. Currently, this securities company has a charter capital of VND135 billion with 13.5 million outstanding shares. If the issuance is successful, the charter capital will increase to VND1,485 billion.

The expected VND1,350 billion from this issuance will be used 65% for margin activities, 30% for proprietary trading activities and 5% to supplement working capital for other activities.

With the private placement plan, the company will offer to increase its capital by a maximum of VND1,515 billion by offering 151.5 million shares at VND10,000/share to 3 investors. Implementation time is in 2025 - 2026.

Notably, in the list of 3 investors expected to buy 151.5 million shares of Sen Vang, there is Mr. Nguyen Xuan Thien - Chairman of the Board of Directors of Xuan Thien Group. Mr. Thien is expected to buy 50 million shares equivalent to 500 billion VND. In addition, Mr. Nguyen Tan Dung bought 51.5 million shares and Xuan Thien International Finance JSC bought 50 million shares.

These new steps show the deeper presence of Xuan Thien Group in the financial - securities sector. Currently, Xuan Thien Group operates in many fields such as energy, high-tech agriculture, and construction materials. Mr. Nguyen Xuan Thien is also known as the son of Mr. Nguyen Xuan Thanh - the founder of Xuan Thanh Group and the younger brother of Mr. Nguyen Duc Thuy (Bau Thuy).

With the support of major shareholders, this securities company set an ambitious target for 2025 with a revenue target of VND179 billion and a profit after tax of VND70 billion. Previously, the company suffered losses in 2022 and in the period 2023 - 2024, with an annual profit of less than VND1 billion.

Sen Vang Securities said that the company's goal in 2025 is to complete legal procedures, apply for full business licenses, successfully raise capital and accelerate business operations. In particular, margin trading will be the company's main business activity. In the first phase, the company will focus on large customers, corporate customers, and deal customers with an expected interest rate mechanism of 13%, equivalent to other securities companies.

Source: https://baodautu.vn/chu-tich-tap-doan-xuan-thien-hien-dien-o-mot-cong-ty-chung-khoan-d319845.html