The company plans to contribute a large portion of the raised funds (VND 1,559 billion) to Ha An Real Estate Investment and Business Joint Stock Company - a subsidiary of Dat Xanh Group, which currently owns 99.99% of its charter capital.
Dat Xanh offers over 150 million shares for sale, "pouring money" into Ha An Real Estate.
The company plans to contribute a large portion of the raised funds (VND 1,559 billion) to Ha An Real Estate Investment and Business Joint Stock Company - a subsidiary of Dat Xanh Group, which currently owns 99.99% of its charter capital.
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Dat Xanh Group Joint Stock Company (stock code DXG, HoSE) has just announced the closing of the shareholder list to offer more than 150 million shares to existing shareholders at a ratio of 24:5 on January 7, 2025. Shareholders owning 1 share are entitled to 1 right, and 24 rights entitle them to purchase 5 new shares. The ex-rights trading date is January 6, 2025.
The offering price is VND 12,000 per share, approximately 32% lower than DXG's current market price. At this offering price, the expected fundraising amount is over VND 1,800 billion. The company plans to contribute VND 1,559 billion to Ha An Real Estate Investment and Business Joint Stock Company – a subsidiary of Dat Xanh Group, which currently owns 99.99% of its charter capital. The expected timeframe is from Q4 2024 to 2025. The remaining nearly VND 243 billion will be used to repay bonds and partners.
The period for transferring subscription rights is from January 14, 2025 to February 5, 2025. The period for registering and depositing money to purchase shares is from January 14, 2025 to February 14, 2025.
According to Dat Xanh's prospectus for the public offering of additional shares, Ha An Real Estate Investment and Business has a charter capital of VND 9,918.5 billion. Currently, the Chairman of the Board of Directors of this company is Mr. Bui Ngoc Duc, who is also a member of the Board of Directors and General Director of Dat Xanh.
Dat Xanh Group stated that Ha An Real Estate Investment and Business is a subsidiary company that develops and sells real estate projects, contributing significantly to the group's total revenue and profit. In 2023, consolidated revenue from the sale of land plots and apartments accounted for over 75% of Dat Xanh Group's net revenue, primarily from Ha An's real estate development activities. Over the past three years, in the residential real estate segment, besides developing apartment projects in the centers of first-tier cities, Ha An Real Estate Investment and Business has also developed urban areas ranging from 10 to 100 hectares in suburban areas of first and second-tier cities. The company also develops commercial real estate...
The real estate project that Ha An will implement in 2024-2025 is Gem Sky World (92.2 hectares). Meanwhile, the company has implemented and completed the handover of the Opal Boulevard project (14,575.3 m2) and Opal Skyline (10,204.4 m2).
Ha An Real Estate Investment and Business's total assets at the end of 2023 were VND 22,653.5 billion, a decrease of 5% compared to 2022. Equity was VND 9,939 billion. Net revenue in 2023 reached over VND 2,121 billion, an increase of 85% compared to 2022. Net profit attributable to parent company shareholders was over VND 362 billion, 3.8 times higher than the previous year.
Source: https://baodautu.vn/dat-xanh-chao-ban-hon-150-trieu-co-phieu-don-tien-cho-bat-dong-san-ha-an-d234724.html
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