A business with charter capital of more than 60 billion VND wants to increase it to nearly 800 billion VND.

Accordingly, HTC Holding proposed to change its name to Asia Agricultural Joint Stock Company (ASA), and move its headquarters to an address in Lane 63, Lam Ha Street, Bo De Ward (Long Bien District, Hanoi). At the same time, the company submitted a plan to offer an additional 72.6 million shares. If successful, CET will increase its charter capital 13 times its current level, from VND60.5 billion to VND786.5 billion.

Một doanh nghiệp vốn điều lệ hơn 60 tỉ đồng muốn tăng lên gần 800 tỉ đồng - Ảnh 1. — HTC Holding proposes huge charter capital increase plan

Specifically, the company will issue shares to existing shareholders at a ratio of 1:12, meaning that a shareholder owning 1 share will be able to buy 12 new shares at a price of VND10,000/share. The issuance is aimed at supplementing capital for production and business activities, including expanding scale through acquisitions and mergers of target companies... The expected implementation time is in 2023 after being approved by the State Securities Commission.

If successful, the scale of HTC Holding's one-time capital increase will be the largest on the stock market.

Recently, this company has recorded the appearance of 2 major shareholders, including Magnolia Investment Joint Stock Company (Magnolia Investment) and Vian Hanoi Investment Joint Stock Company (Vian Hanoi ), with ownership ratios of 21.49% and 16.53% of charter capital, respectively. Currently, Vian Hanoi is established by Mr. Nguyen Ho Nam - Chairman of the Board of Directors of Bamboo Capital Joint Stock Company and 2 other individuals with capital contributions in August 2021. Meanwhile, Magnolia Investment is chaired by Ms. Nguyen Thi Thuy Linh (Mr. Nam's wife) as Chairwoman of the Board of Directors and legal representative.

At this year's General Meeting of Shareholders, the company also submitted to shareholders for consideration the dismissal of Mr. Nguyen Thanh Trung and Mr. Ta Tien Dung from the Board of Directors, and elected up to 4 new members.

In 2022, the company achieved net revenue of nearly VND 97.8 billion, 3.2 times higher than in 2021, and after-tax profit of VND 992.7 million and did not pay dividends. In 2023, the company set a business target of net revenue of VND 150 billion, an increase of 53.38% compared to 2022, and after-tax profit of VND 2.4 billion, a sharp increase of 242% compared to 2022.

CET shares are currently trading on the Hanoi Stock Exchange at VND8,300, doubling in one month.

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