SSI set to increase charter capital to $662.27 million with rights issue

SSI Securities Corporation plans to offer some 497.4 million new shares at VND15,000 to existing shareholders at a ratio of 2:1.

The issue expects to raise VND4.97 trillion (US$219.5 million), increasing the company’s charter capital to nearly VND15 trillion ($662.27 million) to maintain its position as the country’s largest securities company.

An SSI spokesperson said the funds would supplement working capital and improve the company’s underwriting, investment and margin lending capacity.

Money not deployed for margin lending would be used to invest in bonds and certificates of deposit, she said.

In addition to continuing to develop core businesses by building and training a team of professional financial advisors and investing in technology infrastructure to better serve and attract more local and foreign customers, SSI would also go on with its training programmes for new investors in a professional manner, she added. 

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