Social housing tycoon Hoang Quan restarts debt-to-equity share offering.

(Dan Tri Newspaper) - Hoang Quan issued 50 million shares to convert debt, with the creditor including the company's Chairman - Mr. Truong Anh Tuan.

Hoang Quan Real Estate Consulting and Trading Services Joint Stock Company (stock code: HQC) has just approved a plan to issue 50 million shares to exchange for 500 billion VND of debt.

The swap will be conducted at a rate of 10,000 VND of debt for 1 newly issued common share. The privately placed shares will be subject to a one-year transfer restriction from the date of issuance. If completed, the social housing giant will increase its charter capital to 6,266 billion VND.

This conversion price is many times higher than the current trading price of HQC shares on the stock exchange. At the close of trading on December 15th, each HQC share was priced at 3,100 VND/unit, a 39% decrease from its peak over the past year.

Hoang Quan develops many social housing projects (Photo: HQC).

The list of debt swaps includes Hai Phat Investment Joint Stock Company (stock code: HPX, swapping 212 billion VND of debt), VDC Construction Design Consulting Company Limited (swapping 19 billion VND), Mr. Truong Anh Tuan - Chairman of Hoang Quan (swapping 236 billion VND of debt) and Ms. Nguyen Thi Dieu Phuong (Mr. Tuan's wife, swapping 33 billion VND).

Following the swap, the four creditors are expected to collectively own 15.96% of the company's charter capital.

Previously, Hoang Quan announced that this debt swap plan had been temporarily suspended due to the need to adjust and update information in the issuance registration dossier. The company stated that it would make the necessary adjustments and additions to the issuance dossier to continue the issuance at an appropriate time.

To date, the company says it has completed approximately 10,000 units and is currently developing an additional 40,000 units in various locations.

Source: https://dantri.com.vn/kinh-doanh/trum-nha-o-xa-hoi-hoang-quan-tai-khoi-dong-chao-ban-co-phieu-hoan-doi-no-20251215151551550.htm