TOS is about to finalize the right to issue more than 14 million bonus shares

VHO - On August 27, Tan Cang Sea Services JSC (stock code: TOS) will close the shareholder list to issue bonus shares to increase charter capital.

TOS will finalize the shareholder list to issue bonus shares to increase charter capital. Photo: TOS

Previously, the Company expected the record date to be August 11, but the Board of Directors has just announced a change to August 27 instead of the old announcement.

TOS plans to issue more than 14 million shares, the exercise ratio is 14,000,114/30,999,886, equivalent to 45.16% (shareholders owning 100 shares will receive 45.16 new shares). The number of shares issued will be rounded to the nearest unit according to the rounding down principle, the odd number of shares will be canceled and not issued.

The total capital issued at par value is more than 140 billion VND, which the company will take from the development investment fund according to the company's audited financial report for 2024.

After successful issuance, TOS's charter capital will increase from VND 140 billion to VND 450 billion.

In another development, as planned, today, August 18, TOS will pay about VND93 billion in 2024 dividends to shareholders at a rate of 30%. This year's dividend rate is the highest level of TOS since the company traded on UPCoM in 2021, far exceeding the 15% level in 2023 and higher than the 25% level in the period 2021-2022. It is expected that in 2025, TOS will pay a dividend of 25%.

Tan Cang Marine Services was established in March 2012, formerly a unit of Saigon Newport Corporation. The company operates mainly in the field of services for the oil and gas industry, especially the offshore service market. The company takes multi-purpose oil and gas services as the key and foundation, aiming to become one of the leading oil and gas service providers in Vietnam and the region.

The company currently has 25 ships and watercraft, along with 800 crew and shore personnel.

Business results, in 2024, Tan Cang Sea Service achieved 3,905 billion VND in revenue, an increase of 147% compared to the previous year. Profit after tax also increased dramatically by 145% to 490 billion VND. EPS reached 13,157 VND.

By the end of 2024, Tan Cang Sea Services will have VND562 billion in undistributed profit after tax. In addition, the company has VND340 billion in the development investment fund and VND27 billion in other funds belonging to the owner.

In the first half of 2025, net revenue reached VND2,110 billion, up 72% over the same period. Profit after tax reached VND422 billion, 3.3 times higher than the profit achieved in the first half of last year.

Source: https://baovanhoa.vn/kinh-te/tos-sap-chot-quyen-phat-hanh-hon-14-trieu-co-phieu-thuong-162227.html