HVA Investment Joint Stock Company is attracting significant market attention with its plan for a large-scale private placement aimed at focusing resources on strategic projects related to digital assets. According to the plan recently approved by the Board of Directors, HVA plans to issue 35.65 million shares at a price of VND 18,050 per share, potentially raising approximately VND 643.5 billion to invest in the DNEX digital asset exchange and the HVA.vn investment platform.
This issuance has a very high ratio, equivalent to 261.17% of the outstanding shares, reflecting the company's ambition to rapidly expand. If completed as planned in Q1 and Q2/2026, HVA's charter Capital will increase to approximately VND 493 billion, more than 3.6 times higher than before the issuance. The offering price is slightly lower than the market price of around VND 18,500/share recorded in mid-January 2026, thus XEM relatively attractive to long-term strategic investors.
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Regarding the use of Capital, HVA stated that it will focus on disbursing approximately VND 356.5 billion at face value for three key projects. Of this, VND 200 billion will be allocated to the Volt City project – an integrated mobility center in Can Tho, a model expected to connect transportation infrastructure, technology, and digital services. Approximately VND 100 billion will be invested in the construction and completion of the DNEX digital asset exchange, and the remaining VND 56.5 billion will be used for investment and operation of the HVA.vn platform, including the development of the HVA application. All disbursements are expected to be implemented simultaneously in the first half of 2026.
Another notable point in the issuance plan is the list of strategic investors announced by HVA, which includes many big names in the finance, securities, and technology sectors. A total of 10 strategic investors are expected to participate. Among them, Jade Labs Pte. Ltd is currently the sole major shareholder before the issuance, holding over 3.3 million shares, equivalent to 24.28% of the charter Capital . However, according to the distribution plan, Jade Labs will not purchase any new shares, causing its expected ownership stake to sharply decrease to approximately 6.72% after the issuance.
