Binh Son Refining and Petrochemical plans to increase charter capital to more than VND50,000 billion

DNVN - Binh Son Refining and Petrochemical Joint Stock Company (HOSE: BSR) has just held a meeting with analysts, representatives of securities companies and investment funds, to introduce a plan to increase charter capital on a large scale, update the production and business situation in the past 6 months and the progress of the project to upgrade and expand Dung Quat Oil Refinery.

BSR representative presented details of the plan to issue an additional 5,007,306,879 shares.

At the meeting, BSR representatives presented in detail the plan to issue an additional 5,007,306,879 shares through two forms: issuing shares from equity capital and issuing shares from undistributed accumulated profits, raising the expected charter capital to more than VND 50,073 billion.

This additional equity capital is used to meet the counterpart capital needs for the upgrading and expansion project - a national key project with the goal of increasing processing capacity from 148,000 barrels/day to 171,000 barrels/day. BSR's Board of Directors emphasized that this is an important step to strengthen financial capacity, ensure the ability to implement the project on schedule and orient long-term growth.

Regarding implementation progress, BSR has carried out the necessary procedures to seek the approval of the General Meeting of Shareholders to approve the capital increase plan, expected to take place in the third and fourth quarters of 2025.

In addition to the capital plan, BSR reported positive business results for the first 6 months of 2025, with after-tax profit exceeding 166% of the yearly plan.

Revenue and output remain stable thanks to positive profit margins, reasonable product structure and stable operating efficiency after the 2024 general maintenance period. This achievement consolidates the company's solid financial position, creating favorable space to implement strategic projects.

BSR's leadership also updated the progress of the expansion upgrade project, which is being implemented on schedule, with important milestones in overall technical design, EPC bidding documents and international loan procedures (ECA) being promoted.

When completed, the expansion upgrade project will significantly increase BSR's capacity from 148,000 barrels per day to 171,000 barrels per day, helping the company meet Vietnam's growing energy demand while expanding its growth potential for many years to come.

Nguyen An

Source: https://doanhnghiepvn.vn/doanh-nhan/loc-hoa-dau-binh-son-du-kien-nang-von-dieu-le-len-hon-50-000-ty-dong/20250910035537094