6 successful capital increases and sustainable development strategy of CIENCO4

Charter capital increased nearly 20 times

One year since CIENCO4 successfully offered shares, doubling its charter capital (more than VND 2,200 billion), in early May 2023, CIENCO4 Group Joint Stock Company (Stock code: C4G) continued to receive good news when more than 112 million shares continued to be successfully offered, raising its total charter capital to nearly VND 3,400 billion.

Looking at the current results, few people would have expected that when it was still a state-owned transport enterprise (2013), CIENCO4's charter capital was less than 200 billion VND (183 billion VND).

However, just 10 years since the change of operating model to a joint stock company without state capital, the charter capital has increased nearly 20 times.

Charter capital growth chart

With the determination and goal of sustainable development, the strategy set by the General Meeting of Shareholders of CIENCO4 Group is to accumulate potential, enhance internal strength, not expect and minimize development by stimulating financial loans. Improve corporate governance capacity; Boost production, promote the search for new opportunities, and select investment projects; Develop an elite team of human resources; Control cash flow effectively, implement solutions to ensure capital for the group's production, business and investment activities. Continue to expand relationships with domestic and foreign financial institutions to mobilize long-term capital with preferential interest rates to serve the group's strategic investment sectors.

Thanks to that, during the long period when the economy was heavily affected by the Covid-19 pandemic and the "price storm" of materials, CIENCO4's business activities were still maintained stably and effectively.

North-South Expressway, Phan Thiet - Dau Giay section, constructed by CIENCO4

Office building for rent at 180 Minh Khai, District 3, HCMC

Cau Cau Tea Island, Thanh Chuong, Nghe An

The opportunity for CIENCO4 is huge as the Government and the Ministry of Transport are implementing a series of strategic transport infrastructure projects such as the North-South Eastern Expressway (phase 2), Long Thanh International Airport, Hanoi and Ho Chi Minh City beltways and many other important green energy transport projects.

CIENCO4's 2023 production and business target approved by the Board of Directors and shareholders is revenue of VND 4,500 billion, profit after tax > VND 330 billion.

2023 is also an important year marking more than 60 years of construction and growth of CIENCO4. CIENCO4 has overcome all difficulties and challenges to become the leading infrastructure construction investor in Vietnam.

With a long-term development strategy, ensuring benefits for shareholders, in addition to developing the traditional industry of investing in and constructing transport infrastructure, in recent years, CIENCO4 Group has entered the fields of real estate, financial business and received many positive signals in 4 urban areas: Long Son 1, Long Son 2, Long Son 3, Long Son 4 and Area 61 Nguyen Truong To... Many new projects are being researched and implemented by Cienco4.

Source link: https://thanhnien.vn/6-lan-tang-von-thanh-cong-va-chien-luoc-phat-trien-ben-vung-cua-cienco4-185230511155320017.htm