Becamex IDC's plan to raise 7,500 billion VND is put on hold as major shareholders remain silent.

Becamex IDC (BCM) plans to auction 150 million shares on the HoSE, with a floor price of VND 50,000 per share, expecting to raise at least VND 7,500 billion to invest in industrial park projects, contribute capital, and repay debt.

Becamex IDC is a major enterprise in the industrial park real estate sector - Photo: BCM website

Becamex IDC (BCM), the Industrial Investment and Development Corporation, has just announced the results of a written shareholder consultation on a plan to offer additional shares to the public in order to increase its charter capital.

Accordingly, Becamex IDC issued 5,976 opinion ballots, representing more than 1.03 billion BCM shares (equivalent to 100% of the share capital).

The company received 136 ballots, representing over 1.01 billion shares, equivalent to 98.29% of the total outstanding voting shares. Of these, 134 were valid, while the remaining 2 were invalid, representing only 7 shares.

Notably, only 128 votes, representing nearly 29.5 million shares (2.85% of the total voting shares), were in favor of the capital increase plan.

Meanwhile, the remaining 6 votes, though fewer in number, held over 987.8 million shares (equivalent to 95.44%), and did not express an opinion.

This indicates that the controlling stake held by the state shareholder - the People's Committee of Binh Duong province (formerly), which currently holds approximately 95% of Becamex IDC - has not expressed an opinion on the offering.

Thus, the Becamex IDC shareholders' general meeting did not approve the plan to offer additional shares to the public to increase charter capital.

Previously, according to the plan presented to shareholders, Becamex IDC intended to issue 150 million shares to the public through a public auction at the Ho Chi Minh City Stock Exchange (HoSE).

The starting price will be determined to be no lower than the book value at the most recent reporting period, no lower than the average closing price of the 30 preceding trading sessions, and a minimum of VND 50,000 per share.

With a minimum offering price of VND 50,000 per share, Becamex IDC expects to raise at least VND 7,500 billion. Of this amount, VND 2,000 billion will be invested in the infrastructure of the Cay Truong Industrial Park, VND 500 billion in the Bau Bang Industrial Park expansion project, VND 3,330 billion to contribute capital to existing companies (specifically VND 2,276 billion to the VSIP joint venture), and the remaining VND 1,670 billion to repay principal and interest on maturing loans and bonds.

Becamex IDC also previously planned to offer 300 million shares through an auction on the HoSE with a starting price of 69,600 VND per share, expecting to raise over 20,800 billion VND.

However, this plan was postponed due to the stock market being affected by the US's retaliatory tariffs, causing stock prices to plummet. The company then restarted the process and adjusted the offering plan to its current form.

On the stock exchange, BCM shares closed the September 18th session at 69,200 VND per unit, a slight increase of nearly 3% over the past week.

LINH NGUYEN

Source: https://tuoitre.vn/ke-hoach-huy-dong-7-500-ti-dong-cua-becamex-idc-bi-gac-khi-co-dong-lon-im-lang-20250918180827217.htm