VNECO (VNE) plans to raise 300 billion VND through a private placement.

VHO - At the 2025 annual general meeting held on December 8th, Vietnam Electricity Construction Corporation (VNECO, ticker VNE) approved a plan to issue 30 million shares through a private placement.

VNECO plans to offer these shares to professional securities investors at a price of 10,000 VND per share. (Illustrative image)

According to the plan, VNECO intends to offer these shares to professional securities investors at a price of 10,000 VND per share. Compared to VNE's closing price of 5,880 VND per share on December 10th, the offering price is approximately 70% higher.

The total amount of funds raised is expected to reach 300 billion VND, all of which will be used to repay debts at credit institutions. After the issuance, VNECO's charter capital will increase from 904.3 billion VND to over 1,204 billion VND. The privately issued shares will be restricted from transfer for one year from the date the offering ends.

At the general meeting, VNECO also approved its 2025 business plan with total revenue of VND 455.2 billion, including VND 255.1 billion from construction projects, VND 70.1 billion from financial activities, and VND 130 billion from other income; after-tax profit is expected to reach VND 57.39 billion.

In the first nine months of 2025, the company recorded a loss of nearly VND 134.7 billion, bringing the cumulative loss to approximately VND 264 billion. In 2023 and 2024, VNECO incurred losses of VND 28.54 billion and VND 255 billion respectively.

Looking ahead to 2026, the company aims for revenue of 767 billion VND and after-tax profit of 65.5 billion VND, representing increases of over 68% and 14% respectively compared to the 2025 plan. In subsequent years, VNECO expects to grow by over 30% in revenue and 15% in after-tax profit annually.

To realize its goals, the company has set a series of key tasks for the 2025-2026 period, including: accelerating contract acquisition based on a competitive pricing strategy and expanding market share; continuing to implement unfinished real estate projects; completing legal documentation, negotiating electricity prices, and putting the remaining three turbines of the Thuan Nhien Phong Wind Power Plant into operation.

In addition, VNECO plans to cooperate in investing in several industrial park real estate projects in Lam Dong, as well as considering selecting 1-2 small and medium-sized hydropower projects in Quang Ngai and Gia Lai to participate in investment.

Source: https://baovanhoa.vn/kinh-te/vneco-vne-du-kien-huy-dong-300-ti-dong-qua-phat-hanh-rieng-le-187630.html