At this price, Searefico expects to earn at least VND 23.14 billion. The transaction is expected to be completed in the fourth quarter of 2025.
The purpose of the sale is to increase working capital for business operations, optimize capital structure, restructure asset portfolio and improve capital efficiency.
The purpose of selling treasury shares, according to Searefico, is to increase working capital for production and business activities, optimize capital structure, restructure asset portfolio and improve the company's capital efficiency.
As of March 31, 2025, Searefico is recording the total book value of these treasury shares at VND 29.24 billion, equivalent to 1.78 million shares held. Thus, the average purchase price of these treasury shares is approximately VND 16,426/share.
At the close of trading on May 29, SRF shares were trading at VND8,990/share. Thus, the minimum treasury stock selling price of VND13,000/share is higher than the market price and lower than the average book purchase price.
Regarding the financial situation, in the first quarter of 2025, Searefico recorded revenue of VND 148.58 billion, down 45.2% over the same period, after-tax profit recorded a profit of VND 9.28 billion compared to the same period, a loss of VND 0.64 billion, an increase of VND 8.64 billion.
The notable point in the business results of the first quarter of 2025 is that Searefico operated below cost price, resulting in a gross profit of negative VND 35.77 billion. The company was only able to escape losses and record profits thanks to a sudden increase in financial revenue of VND 152.5 billion, while in the same period last year this item was only VND 1.63 billion.
Previously, in the 2024 Audit Report conducted by AASC Auditing Company Limited, an exception opinion was given on the audit opinion related to receivables, payables, and unfinished projects in the company's inventory.
Source: https://baovanhoa.vn/kinh-te/searefico-srf-muon-ban-toan-bo-178-trieu-co-phieu-quy-139126.html
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