Surprise about the business that wants to set up a digital asset exchange with a capital scale of 10,000 billion VND

(Dan Tri) - HVA Group's profits have been continuously fluctuating after many "changes". The company is planning to present a series of important plans to participate in the digital asset and gold markets...

HVA Investment Joint Stock Company (HVA Group, stock code: HVA) announced documents for the 2025 extraordinary general meeting of shareholders, expected to present a series of important plans related to capital increase, participating in the currently "hot" markets of digital assets and gold.

Establishing DNEX digital asset floor of 10,000 billion VND

Specifically, HVA Group plans to make a strategic investment in Onuschain - a blockchain technology company in Vietnam specializing in implementing solutions related to blockchain and digital assets. The purpose is to deploy blockchain and digital asset activities in Vietnam.

The company will also present a plan to establish the DNEX digital asset exchange with an introduction of the project's cooperation capital scale of about VND 10,000 billion, mobilized from strategic investors in each phase.

HVA Group will be responsible for planning, coordinating implementation and connecting partners. The strategic partners announced include Onus Finance UAB, Alpha Securities Joint Stock Company (APSC), Pacific Bridge Capital, SFVN Investment Joint Stock Company and Vemanti Group.

The implementation roadmap includes 3 phases: preparing legal procedures and technology infrastructure; testing operations within the sandbox framework; and commercial exploitation from 2025–2026.

This unit also stated that it will cooperate with Hanagold Jewelry Joint Stock Company to maintain and expand investment in gold, silver and jewelry products, to be implemented in 2025-2026. Another plan is to establish ETH Treasury with a total expected maximum cooperation capital of 1,000 billion VND.

The main objective of the fund is to reserve and mine ETH, optimize profits from investment activities... To implement the project, HVA Group cooperates with partners Onus Finance UAB, Parker Russell and ETHCapital.vn.

Issuing capital increase to 500 billion VND, many big names will participate in the strategy

Regarding capital increase, the company plans to issue 36.35 million shares. Of which, 682,500 shares will be issued under the employee stock option program (ESOP), while offering nearly 35.7 million shares privately.

If the issuance is successful, the company's charter capital is expected to increase to VND500 billion. The implementation period is in the fourth quarter of 2025 and 2026.

The total amount of money raised from the offering is expected to be 363.5 billion VND. The company will spend 200 billion VND to invest in the financial supermarket project, the DNEX digital asset trading floor, key innovation projects, sandbox projects and projects at the financial center.

The company also spent 100 billion to invest in the Volt City project - Can Tho Integrated Transportation Center and 63.5 billion VND to invest in operating the HVA.vn Asset Investment Platform (or HVA application).

The strategic investors expected to participate in purchasing the issued shares are large enterprises in the financial sector. Namely, SSI Fund Management Company Limited, Alpha Securities, Pacific Bridge Investment Fund Management Joint Stock Company, Hoang Minh Group Joint Stock Company, Nam A Commercial Joint Stock Bank, Straits Financial Group Pte. Ltd....

HVA Group's capital usage plan (Photo: Screenshot from the extraordinary shareholders' meeting document).

Many times "changed skin", annual profit only a few billion dong

HVA Group, formerly An Hung Construction Investment Joint Stock Company, was established in May 2010. Initially, the company operated mainly in the field of housing construction and construction completion.

By 2014, the company's business line changed to livestock and crop farming, and changed its name to Hung Viet Green Agriculture Joint Stock Company.

In March 2015, HVA Group officially became a public company and listed on the stock exchange with the code HVA.

At the end of 2017, the company changed its name to HVA Investment Joint Stock Company and ceased activities related to agricultural production and livestock breeding, converting its operating model to financial consulting, business management and investment.

HVA Group currently has a charter capital of 136.5 billion VND.

According to the website introduction, HVA Group is a member of FUNDGO Creative Startup Investment Fund. The company is operating in the fields of digital asset investment, gold investment and jewelry trading, core technology platform: blockchain and AI, support services for the innovation ecosystem.

According to the announcement on the company website, the total investment capital of HVA Group is currently nearly 141 billion VND and is temporarily making a profit of 101.54%. All component investments starting from 2024 are making profits of tens to hundreds of percent.

HVA Group's investment portfolio (Photo: Corporate website).

In terms of business indicators, HVA Group’s profits have been fluctuating after many “transformations”. In 2018-2019, the company suffered losses. In recent years, HVA Group has been profitable but only a few billion VND per year.

In the first 6 months of this year, HVA Group recorded net revenue of nearly 41 billion VND and profit after tax of parent company shareholders of more than 4 billion VND.

As of June 30, the company had equity of nearly VND151 billion and total assets of more than VND157 billion, both of which increased slightly compared to the beginning of the year. BCC contracts were recorded in other short-term receivables.

In the digital economic development strategy for the 2025-2030 period, the company sets an ambitious goal of being in the top 5 listed technology investment companies in Vietnam.

Along with the big strategies, on the stock exchange, HVA stock price has increased by more than 120% in less than a month, peaking at nearly 30,000 VND/share on August 22 with many consecutive ceiling price sessions.

HVA's market price is cooling down to VND22,200/share, still increasing more than 255% over the past year.

HVA stock trading (Photo: Business website).

Source: https://dantri.com.vn/kinh-doanh/bat-ngo-ve-doanh-nghiep-muon-lap-san-tai-san-so-quy-mo-von-10000-ty-dong-20250913211953181.htm