A company 'plays big', rewarding shareholders with billions of shares

A company on the stock exchange announced dividends and rewards to shareholders of nearly 2 billion shares.

Binh Son Refining and Petrochemical Joint Stock Company (stock code BSR ) has just announced documents for the 2025 Extraordinary General Meeting of Shareholders, with the latest deadline for receiving voting ballots being September 30. An important content is the proposal on the plan to issue shares to increase charter capital from equity (bonus shares) and issue shares to pay dividends.

Binh Son Refining and Petrochemical Company 'plays big' by issuing nearly 2 billion shares to pay dividends and bonuses to shareholders

PHOTO: BSR

Specifically, the company plans to issue 930 million shares to pay dividends at a rate of 30%, corresponding to shareholders owning 10 shares will receive 3 new shares. The source of implementation is from undistributed profit after tax on the 2024 audit report. At the same time, the company also issued nearly 977 million shares to reward shareholders at a rate of 31.5%, corresponding to shareholders owning 1,000 shares will receive 315 new shares). Capital from investment and development fund.

The two options will be implemented simultaneously with a total volume of more than 1.9 billion shares, thereby increasing BSR's charter capital from VND31,005 billion to VND50,074 billion. The implementation period is from now until the end of 2025, after being approved by the State Securities Commission. This can be considered the issuance of the largest number of new shares to reward shareholders on the stock exchange.

This capital increase plan was approved by the 2025 General Meeting of Shareholders. This enterprise said that increasing charter capital is an urgent requirement for the Dung Quat Oil Refinery Expansion Project, aiming to increase the plant's production capacity to 171,000 barrels/day, diversify input materials, optimize production costs, and improve competitiveness.

In addition, the Board of Directors also proposed to shareholders to change the current name to Vietnam Oil and Gas Refining and Petrochemical Corporation Joint Stock Company (retaining the abbreviation BSR). The Board of Directors said that BSR is a core unit in the field of petrochemical refining, so changing the name to a corporation is in line with the strategic orientation, improving the organization and repositioning the image in the oil and gas industry value chain.

In 2025, BSR plans to achieve total revenue of VND114,654 billion, down 7% compared to 2024, but the company said it will strive to achieve VND140,000 billion, up 14%. The target profit after tax is VND752 billion, up 27% compared to 2024. Operating results in the first 6 months of the year show that the company achieved consolidated revenue of VND68,667 billion, achieving 60% of the yearly plan and profit after tax of VND1,246 billion, down 34% compared to the same period last year but still exceeding 66% of the yearly plan.

Source: https://thanhnien.vn/mot-doanh-nghiep-choi-lon-thuong-cho-co-dong-ca-ti-co-phieu-185250911141417947.htm