Becamex IDC's plan to raise 7,500 billion VND was 'shelved' when major shareholders remained silent

Becamex IDC (BCM) plans to auction 150 million shares on HoSE, with a floor price of VND50,000/share, expected to collect at least VND7,500 billion to invest in industrial park projects, contribute capital and pay off debt.

Becamex IDC is a large enterprise in the field of industrial park real estate - Photo: BCM Website

Becamex IDC Investment and Industrial Development Corporation (BCM) has just announced the results of collecting written opinions from shareholders on the plan to offer additional shares to the public to increase charter capital.

Accordingly, Becamex IDC issued 5,976 voting ballots, representing more than 1.03 billion BCM shares (equivalent to 100% of equity).

The company received 136 votes, representing more than 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.

It is noteworthy that only 128 votes, representing nearly 29.5 million shares (accounting for 2.85% of voting shares), agreed with the capital increase plan.

Meanwhile, the remaining 6 votes, although small in number but holding more than 987.8 million shares (equivalent to 95.44%), did not express an opinion.

This shows that the controlling capital of the state shareholder - the People's Committee of Binh Duong province (old), currently holding about 95% at Becamex IDC - has not expressed its opinion on the offering.

Thus, the Becamex IDC shareholders' 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 planned to issue 150 million shares to the public through a public auction at the Ho Chi Minh City Stock Exchange (HoSE).

The starting price is determined to be not lower than the book value in the most recent reporting period, not lower than the average closing price of the 30 previous sessions, and at least VND 50,000/share.

With a minimum offering price of VND50,000/share, Becamex IDC expects to collect at least VND7,500 billion. Of which, VND2,000 billion will be invested in the infrastructure of Cay Truong Industrial Park, VND500 billion for the Bau Bang Industrial Park expansion project, VND3,330 billion will be used to contribute capital to existing companies (VND2,276 billion in VSIP joint venture alone), and the remaining VND1,670 billion will be used to pay principal and interest on loans and maturing bonds.

Becamex IDC also planned to offer 300 million shares via auction on HoSE with a starting price of VND69,600/share, expecting to collect more than VND20,800 billion.

However, this plan was postponed due to the stock market being affected by the US's reciprocal tax policy, causing the stock price to plummet. After that, the company restarted and adjusted the offering plan as it is now.

On the stock exchange, BCM shares closed the session on September 18 at 69,200 VND/unit, a slight increase of nearly 3% in 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