VietinBank Securities is about to issue nearly 64 million shares to pay dividends.

VietinBank Securities has approved the implementation of a plan to issue nearly 64 million shares to pay dividends, equivalent to an implementation ratio of 100:43 in the second and third quarters of 2025.

On May 13, the Board of Directors of Vietnam Joint Stock Commercial Bank for Industry and Trade Securities Company (HOSE: CTS) approved the plan to issue nearly 64 million shares to pay dividends, corresponding to the implementation ratio of 100:43. The issuance time is in the second and third quarters of 2025.

The issuance plan was approved by the 2025 Annual General Meeting of Shareholders, drawn from undistributed after-tax profits until the end of 2024. After completing the stock dividend payment, CTS will increase its charter capital from more than VND 1,487 billion to nearly VND 2,127 billion. This is CTS's first capital increase since the last time in October 2022.

The Executive Board of CTS's 2025 Annual General Meeting of Shareholders on April 24, 2025 - Photo: CTS

According to CTS's Board of Directors, the capital increase is a necessary step to expand business and meet capital requirements for future development plans. Large charter capital and equity capital will also create conditions for the Company to optimize capital costs, increase competitiveness, improve trading market share and enhance its image and position in the domestic and international markets.

The General Meeting of Shareholders also approved the 2025 business plan with a pre-tax profit target of more than VND 297 billion and a dividend rate of 9%.

In addition, at the congress, Board of Directors member Dang Anh Hao and independent Board member Pham Thi Huyen Trang were dismissed, and Ms. Bui Thi Thanh Thuy was elected to the Board of Directors and Mr. Pham Viet Hung held the position of independent Board member.

In the first quarter of 2025, CTS achieved nearly VND 133 billion in pre-tax profit, up 7% over the same period and completing 45% of the yearly plan. Net profit increased by 7%, reaching nearly VND 106 billion - marking the highest profit since the first quarter of 2022.

PV

Source: https://congthuong.vn/vietinbank-securities-sap-phat-hanh-64-trieu-co-phieu-de-tra-co-tuc-388043.html