6 successful capital increases and sustainable development strategy of CIENCO4

Charter capital increased nearly 20 times

One year since CIENCO4 successfully offered shares, doubled its charter capital (more than VND 2.200 billion), in early May 5.2023, CIENCO4 Group Joint Stock Company (MCK: C4G) continued to receive good news when more than 112 million The shares continued to be successfully offered for sale, bringing the total charter capital to nearly VND 3.400 billion.

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

However, only 10 years from the date of changing the operating model to a joint stock company without state capital, the charter capital has increased nearly 20 times.

With the steadfastness and sustainable development goals, the strategy set by the General Meeting of Shareholders of CIENCO4 Group is to accumulate potentials, improve internal strength, not expect and minimize the development by financial loan stimulus. Improve corporate governance capacity; Boost production, search for new opportunities, and select investment projects; Developing a team of elite personnel; Control cash flow effectively, implement solutions to ensure capital for production and business activities and investment of the group. Continue to expand relationships with domestic and foreign financial institutions to mobilize long-term capital flows at preferential interest rates to serve the Group's strategic investment segments.

As a result, during a long time when the economy was heavily affected by the Covid-19 epidemic, the "price storm" of materials swept through, CIENCO4's business activities remained stable and effective.

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

CIENCO2023's business and production target in 4 was approved by the Board of Directors and shareholders with revenue reaching 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, becoming the leading infrastructure construction investor in Vietnam.