Chuong Duong (CDC) wants to offer more shares after major shareholder divests

On August 21, Chuong Duong will finalize the list of shareholders to collect shareholders' opinions in writing, the expected time for collecting opinions is in August and September 2025.

In particular, Chuong Duong plans to present to shareholders the dismissal of Board of Directors members, elect additional Board of Directors members, issue shares to increase charter capital from equity capital and issue stock purchase rights to increase capital for existing shareholders.

Previously, from July 21 to July 23, Construction Corporation No. 1 - JSC (stock code: CC1) divested all 10,453,374 CDC shares to reduce ownership from 23.77% to 0% of charter capital at Chuong Duong, the transaction was conducted in the form of negotiated transactions.

In addition, on July 29, Mr. Vo Quoc Khanh, a member of the Board of Directors, also submitted his resignation as a member of the Board of Directors at Chuong Duong for personal reasons. Mr. Khanh is the representative of the capital contribution of Construction Corporation No. 1 at Chuong Duong.

On the contrary, Ms. Nguyen Thi Trang bought 2.5 million CDC shares to increase her ownership from 0% to 5.68% of charter capital. The transaction was made on July 21 and she officially became a major shareholder.

As for Chuong Duong, this enterprise is in the process of mobilizing financial resources for investment activities. In May 2025, the company successfully offered 21.98 million shares to existing shareholders at VND11,000/share, earning nearly VND242 billion. This amount was used to restructure bank and personal loans, as well as buy back bonds before maturity.

Part of the new capital will be used by CDC to strengthen the capacity of its subsidiary, Chuong Duong Homeland JSC. Specifically, CDC will contribute additional capital to increase the total investment value in this subsidiary from VND150 billion to VND248 billion. The additional capital will be used to develop a social housing project in Long Binh Tan ward, Bien Hoa city, Dong Nai province. This project has a total investment capital of up to VND1,348.56 billion and is expected to be handed over in the first quarter of 2026.

Despite large investment plans, Chuong Duong's operating results are still far from the annual plan. According to internal reports, in the first 5 months of 2025, the company recorded a cumulative revenue of VND 506.17 billion, completing only 17% of the annual plan (VND 3,053 billion).

Source: https://baovanhoa.vn/kinh-te/chuong-duong-cdc-muon-chao-ban-them-co-phieu-sau-khi-co-dong-lon-thoai-von-160853.html