Chairman of Hoang Quan Real Estate: "I love shareholders but they also love me..."

(NLDO)- Chairman of Hoang Quan Real Estate affirmed that HQC stock price is currently around 3,000 VND but is expected to increase to 15,000 VND during this term.

At the 2025 Annual General Meeting of Shareholders of Hoang Quan Real Estate Consulting and Trading Services Joint Stock Company (stock code: HQC), held on the morning of May 10th in Ho Chi Minh City, the atmosphere became particularly lively when Chairman of the Board of Directors Truong Anh Tuan directly answered a series of "hot" questions from shareholders.

Mr. Tuan frankly addressed concerns surrounding the business situation, the falling stock price, tax debts, dividends, and the company's future.

Mr. Truong Anh Tuan answers shareholders' questions.

He acknowledged that 2024 was not a very favorable year for the company. The current share price of only 3,300 VND is the result of many factors, including internal difficulties such as the inability to implement some projects due to legal obstacles, or projects that were completed but did not achieve expected profits. He admitted that this price accurately reflects the true value of the business at the present time.

Regarding the company being reprimanded for late information disclosure, he said it wasn't a serious matter because "Hoang Quan always upholds the law."

A major highlight of Mr. Tuan's presentation was his expectation of a wave of investment in social housing. He saw this as an opportunity for Hoang Quan, a company with experience and capabilities in this field. However, alongside the opportunity are numerous challenges, and the company must make a great effort to overcome them.

Mr. Tuan stated that in 2025, the company will focus on recovering capital from projects invested in over the past years, especially in provinces such as Dak Lak, Can Tho , and Tay Ninh. According to him, this will be a pivotal period for the company to "bounce back," creating momentum for stronger revenue and profit growth.

Also at the general meeting, Chairman Hoang Quan attracted attention when he responded to a rather frank question from a shareholder: "Does the Chairman care about the shareholders when the company has not paid dividends for many years?" He did not shy away but answered emotionally: "I care about the shareholders, and I also care about myself and my family. My family owns the most HQC shares. When the share price falls, we also feel the pain. We self-reflect when the business results do not meet expectations."

He further shared that Hoang Quan completed the repayment of over 200 billion VND in taxes in March, a significant milestone demonstrating the company's efforts to overcome difficulties. With the support of partners, banks, and the staff, he believes the company is gradually regaining a stable foundation and is ready for a new phase. According to him, "investment opportunities in HQC shares are opening up."

Mr. Truong Anh Tuan continues to serve as Chairman of the Board of Directors.

At the conclusion of the general meeting, shareholders voted to approve a target of 1,000 billion VND in revenue and 70 billion VND in after-tax profit for 2025. The majority of this revenue will come from the Golden City social housing project in Tay Ninh, alongside revenue from the new urban development project in Tra Vinh and HQC Tan Huong in Tien Giang. "If all goes well, the share price could reach 10,000 to 15,000 VND during this term," Mr. Tuan anticipated.

In addition, shareholders also re-elected the Board of Directors and the Supervisory Board for the 2025–2030 term. Mr. Truong Anh Tuan was re-elected to continue serving as Chairman of the Board of Directors.

Source: https://nld.com.vn/chu-tich-dia-oc-hoang-quan-toi-thuong-co-dong-ma-cung-la-thuong-toi-196250510133548719.htm