News about SMC

SMC has set November 2, 2026 as the last registration date for existing shareholders to exercise rights to buy over 36.8 million new shares at VND 10,000 each, at a 2:1 ratio. Subscription and payment run from November 6 to 26, 2026, and rights transfers from November 6 to 21; SMC expects to raise over VND 368 billion, of which VND 168 billion will repay loans and VND 200 billion will settle supplier debts. The board also agreed to extend bond SMCH2126002 (VND 113.45 billion) by one year to October 8, 2027, with approval from its sole holder, Hanwa Co., Ltd. Separately, SMC completed the transfer of its 100% stake in Công ty TNHH MTV Tân Tạo on September 30, 2026, so SMC Tân Tạo is no longer a subsidiary.