Nhat Viet Securities increased capital "speedily" thanks to the Amber Holdings ecosystem
Since joining the Amber Holdings group, Nhat Viet Securities has continuously increased its capital many times. This cash flow is mainly for self-trading to buy shares and bonds.
Established in October 10 with a charter capital of 2008 billion VND, Nhat Viet Securities (code VFS) started listing in 135 with a charter capital of 2020 billion VND and then increased its charter capital to 410 billion VND.
In fact, before listing on HNX, despite being a securities company, Nhat Viet Securities mainly mobilized capital for self-trading investment, instead of supplementing capital for brokerage activities, as well as trading. Margin translation.
Of which, in September 9, the Company mobilized 2008 billion VND, increasing its charter capital from 65 billion VND to 135 billion VND. Of the mobilized amount, the Company used 200 billion VND to buy bonds from AFG Vietnam Joint Stock Company, Asia Vietnam Automobile Joint Stock Company, and the remaining 52 billion VND to supplement working capital.
The company made the second capital increase in September 2, raising an additional 9 billion VND, increasing its charter capital to 2019 billion VND. Of which, the Company used 210 billion VND to buy bonds from AFG Vietnam Investment Joint Stock Company, Quang Anh Real Estate Joint Stock Company; 410 billion VND to buy shares of Ngoc Thao Investment Joint Stock Company; 120 billion VND to supplement capital for margin lending activities.
Up to the time before listing on HNX (2020), Nhat Viet Securities had only one major shareholder, Mr. Tran Anh Thang, owning 8,44% of charter capital, the remaining 91,56% of charter capital. Belongs to a group of small shareholders owning less than 5% of charter capital.
Currently, Mr. Tran Anh Thang is the Standing Vice Chairman of the Board of Directors and General Director of Nhat Viet Securities.
According to research, Mr. Tran Anh Thang is also a member of the Board of Directors of Amber Fund Management Joint Stock Company.
Increase capital quickly when it belongs to Amber Holding group
In fact, Nhat Viet Securities only really promoted capital increase in 2017 when it was officially acquired by Amber Holdings group, and at the same time appointed Mr. Tran Anh Thang to the position of Chairman in March 3 and until May/ In 2017, Mr. Tran Anh Viet held the additional position of General Director (later the positions of General Director and Chairman of the Board of Directors had to be separated, Mr. Tran Anh Thang only held the position of General Director).
It is known that after listing in 2020, Nhat Viet Securities continued to promote the capital raising process and has undergone 2 large capital increases.
In which, for the first time (1), the Company increased its capital from 2021 billion VND to 410 billion VND, which means offering an additional 802,5 million shares to mobilize 39,25 billion VND. By the end of 392,5, the Company had used VND 2021 billion to invest in bonds; 245 billion VND for stock investment; 40,44 billion VND to supplement capital for margin lending activities.
For the second time (2), Nhat Viet Securities increased its charter capital from 2023 billion VND to 802,5 billion VND, mobilizing 1.200 billion VND. Of which, by the end of 395,5, the Company has disbursed VND 2023 billion in bond investments and the remaining VND 200 billion in additional capital for margin loans.
After the capital increase to 1.200 billion VND, Nhat Viet Securities has 3 major shareholders, including Mr. Tran Anh Thang owning 13,01% of charter capital, Electricity Finance Joint Stock Company owning 10% of charter capital, Amber Holdings owns 7,33% of charter capital; The remaining 69,66% of charter capital belongs to the group of shareholders owning less than 5% of capital.
Entering 2024, Nhat Viet Securities continues its plan to offer shares at a 1:1 ratio to existing shareholders to increase charter capital from VND 1.200 billion to VND 2.400 billion. Of which, of the expected mobilized amount, the Company uses 600 billion VND to supplement proprietary trading capital and 600 billion VND to supplement capital for margin lending activities.
Assets are mainly used for self-employment
When it comes to Amber Holdings group, as of December 31, 12, Nhat Viet Securities owns assets of 2023 billion VND. Of which, 1.896,3 billion VND is loans, accounting for 695,3% of total assets; 36,7 billion VND invested in unlisted bonds, accounting for 600% of total assets; 31,6 billion VND in cash, accounting for 405,9% of total assets (of which 21,4 billion VND is deposited at major shareholder Electricity Joint Stock Finance Company); 350 billion VND of financial investments recorded through profit/loss, accounting for 159,5% of total assets.
Although Nhat Viet Securities does not explain the details of proprietary trading, it is likely related to the refinancing of units in the Amber Holdings ecosystem, as this unit operates in all three areas. Big ones are finance, real estate, and energy. Of these, two areas with large capital needs in the early stages of project implementation are real estate and energy.
It is known that Amber Holdings group leaders have many connections with Electricity Finance Joint Stock Company. For example, Mr. Le Manh Linh is a member of the Board of Directors of Electricity Finance Joint Stock Company, and is also Chairman of Amber Capital Joint Stock Company and Chairman of Amber Fund Management Joint Stock Company.
