This information was revealed in a resolution from the annual general meeting of Golden Lotus Securities JSC (GLS) on 30/6. The company plans to offer 151.5 million shares through a private placement at a price of 10,000 VND per share. The expected proceeds are 1,515 billion VND.

Among the investors participating in GLS's private placement is Nguyen Van Thien, chairman of Xuan Thien Group. Thien plans to purchase 50 million shares, representing nearly 33% of the issued shares, equivalent to approximately 500 billion VND.

Another individual, Nguyen Tan Dung, plans to purchase 51.5 million shares, while Xuan Thien International Finance JSC will acquire the remaining shares. Xuan Thien International Finance, established on 27/6 with a charter capital of 8,000 billion VND, is 70% owned by Nguyen Van Thien.

Nguyen Van Thien, born in 1970, is the chairman of Xuan Thien Group JSC. He is the son of Nguyen Xuan Thanh, the founder of Xuan Thanh Group in Ninh Binh, and the brother of Nguyen Duc Thuy, chairman of LPBank.

Xuan Thien Group, founded in 2000, operates in various sectors, including construction materials, high-tech agriculture, logistics, real estate, and energy. In late June, the company commenced construction of a steel plant in Nam Dinh province (now Ninh Binh province). This complex has a total investment of 98,000 billion VND and covers an area of 400 hectares.

Golden Lotus Securities (GLS), established in 2007, currently has a charter capital of 135 billion VND. Khang An Agricultural Trading Co., Ltd., a member of the Xuan Thien ecosystem, currently owns 20% of GLS.

In addition to the private placement, GLS also plans to issue 135 million shares to existing shareholders at a ratio of 1:10. This means each shareholder owning one share has the right to purchase 10 additional shares. After these two issuances, Golden Lotus Securities' charter capital will increase to 3,000 billion VND.

Shareholders approved Golden Lotus Securities' 2025 business plan with a revenue target of 179 billion VND and a post-tax profit of 70 billion VND. Last year, the company achieved only 14 billion VND in revenue and 351 million VND in post-tax profit.

The company also intends to change its name to Xuan Thien Securities to inherit the brand value and internal strength of Xuan Thien Group, according to its management.

Trong Hieu