F88 chain is about to receive more money.

F88 plans to offer more than 22 million shares at a price of VND 71,000 per share, thereby raising nearly VND 1,564 billion to supplement capital for its core business operations.

F88 Investment Joint Stock Company (UPCOM: F88) has just approved the adjustment and supplementation of some contents in the plan for offering shares to the public through distribution agents.

According to the Board of Directors' resolution, F88 plans to offer more than 22 million shares at a price of VND 71,000 per share. If all registered shares are successfully distributed, the company could raise nearly VND 1,564 billion .

All proceeds, after deducting related expenses, will be used to contribute to increasing the charter capital of F88 Business Joint Stock Company - the subsidiary directly operating the core business of the system. The disbursement plan is expected to be implemented in 2026.

While awaiting the completion of the capital contribution as per the approved plan, F88 stated that it may temporarily use the raised capital to deposit it in fixed-term accounts at credit institutions to optimize capital utilization and increase financial income.

Notably, the offering price of VND 71,000 per share is significantly lower than the current market price of F88 shares. At the close of the most recent trading session, the stock traded around VND 78,400 per unit, approximately 9% higher than the expected issuance price.

According to the appendix attached to the resolution, the average closing price of F88 shares during the five trading sessions from June 8-12 reached VND 82,060 per share. Thus, the offering price is nearly 14% lower than this average.

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F88 stated that if the offering does not raise the planned amount, the Board of Directors will decide on appropriate measures, including using its own capital, adjusting the capital utilization schedule, or raising additional funds from credit institutions, strategic shareholders, and other partners, if any.

Prior to this issuance, F88 had continuously implemented capital increase plans in 2026. The company also recently completed the distribution of bonus shares to existing shareholders at a ratio of 1:1 from retained earnings and undistributed after-tax profits.

In 2026, F88 aims for sales revenue and service provision to reach over VND 5,461 billion , a 42% increase compared to the previous year. Outstanding loans are expected to reach over VND 7,501 billion , a 33% increase, while consolidated pre-tax profit is projected to reach VND 1,133 billion , a 25% increase compared to 2025.

The Q1/2026 business results show that the company is off to a good start. F88 recorded revenue of VND 1,397 billion , a 54% increase compared to the same period last year. Pre-tax profit reached VND 303 billion , a significant increase of 129%, achieving approximately 27% of the full-year profit target in just the first three months of the year.

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Source: https://znews.vn/chuoi-f88-sap-co-them-tien-post1660907.html