The head of the Board of Directors of Huu Nghi Food Company registered to buy nearly 3.5 million shares, while former leaders and related people want to divest all capital to restructure the investment portfolio.
Mr. Trinh Trung Hieu, Chairman of the Board of Directors of Huu Nghi Food Joint Stock Company (stock code: HNF) plans to buy about 3.5 million HNF shares by negotiation or order matching. This is the fourth time in 2024 that Mr. Hieu has registered to buy more shares.
If the deal is completed, Mr. Hieu will increase his ownership ratio in the company from 8.23 million shares (27.45% of charter capital) to nearly 11.73 million shares (39.09% of charter capital).
Based on the closing price of 28,600 VND on September 17, it is estimated that the amount of money Mr. Hieu spent to successfully own 3.5 million HNF shares is about 100 billion VND.
Mr. Hieu's stock purchase took place when HNF's market price increased by 41% since the beginning of 2024 (VND 20,200), market capitalization reached VND 858 billion.
The volume of shares that Mr. Hieu is about to trade is equal to the total number of shares sold by 3 individuals who were leaders and related people at HNF. Specifically, two former leaders of the company, Ms. Le Thi Lan Anh, Vice Chairwoman of the Board of Directors and Mr. Le Viet Anh, Deputy General Director and member of the Board of Directors - registered to sell all the shares they own, respectively 1 million units (3.34% of capital) and 1.35 million units (4.5% of capital).
Ms. Lan Anh's daughter, Ms. Vu Lam Nhi, also registered to sell 1.14 million HNF shares (3.8% of charter capital) between September 19 and October 18 to restructure her investment portfolio. The expected transaction time coincides with the time Mr. Hieu bought in.
Previously, at the first extraordinary general meeting of shareholders in 2024, the company's shareholders approved Mr. Hieu to continue receiving shares transferred from a number of shareholders to increase the ownership ratio without a public offering.
In addition, the Board of Directors passed a resolution to elect two members of the Board of Directors for the 2024-2029 term, including Ms. Nguyen Thi Hai Lan and Mr. Ta Nguyen Hai, to replace Ms. Lan Anh and Mr. Viet Anh, who had both previously submitted their resignations for personal reasons.
In the first 6 months of the year, the company achieved net revenue of VND813 billion, up 18.2% over the same period. Gross profit during this period was more than VND245 billion, gross profit margin reached 30%.
The company reported pre-tax profit of VND69 billion and after-tax profit of VND60.8 billion, respectively 6.3 times and 7.1 times higher than the same period last year.
This year, Huu Nghi Food plans to earn VND2,077.65 billion in revenue, up 8.4% over the same period last year. Pre-tax profit is VND68.35 billion, down 18% over the same period last year. Expected dividend payout ratio is 10% in cash.
After half a year, the company has completed 41.6% of its revenue target and slightly exceeded its profit plan.
The company's total assets as of the end of the second quarter of 2024 were over VND 1,680 billion, down VND 189 billion compared to the beginning of the period. Liabilities were about VND 1,074 billion, most of which were short-term debts. Owner's equity reached VND 606 billion, undistributed profit after tax was over VND 179 billion.
Source: https://baodautu.vn/chu-tich-banh-keo-huu-nghi-tiep-tuc-gom-co-phieu-d225180.html
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