On November 9, 2023, Hoa Tho Textile and Garment Joint Stock Corporation officially listed its shares on the Ho Chi Minh City Stock Exchange. Previously, on September 13, 2023, the Ho Chi Minh City Stock Exchange (HoSE) decided to approve the listing of more than 36 million HTG shares of Hoa Tho Textile and Garment Joint Stock Corporation.
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| Head office of Hoa Tho Textile and Garment Joint Stock Corporation at 36 Ong Ich Duong, Hoa Tho Dong ward, Cam Le district, Da Nang city. |
According to Mr. Nguyen Duc Tri, Deputy General Director of Vietnam Textile and Garment Group, Chairman of the Board of Directors of Hoa Tho Textile and Garment Joint Stock Corporation, this is an important milestone in the process of implementing publicity and transparency in corporate governance activities and is an opportunity for the Corporation to promote the image and reputation of Hoa Tho brand, improve corporate governance capacity, and at the same time create conditions for shareholders to best exercise their rights in accordance with the provisions of law.
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| The main product of the Corporation is garment with quality and reputation increasingly affirmed in domestic and foreign markets. |
Hoa Tho is a large and prestigious textile enterprise in the Central region and the whole country with two main fields: garment production and spinning with more than 11,000 employees, 19 member companies and factories located in the provinces from Quang Tri to Quang Ngai .
Regarding business performance, Hoa Tho Textile and Garment's net revenue and after-tax profit increased steadily in the period of 2020-2022. In 2023 alone, according to the consolidated financial report for the first 9 months of 2023, Hoa Tho Textile and Garment had net revenue from sales and service provision and profit before corporate income tax of VND 3,580 billion and VND 175 billion, respectively, completing 80% of the annual revenue plan and 88% of the annual profit plan.
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| The Corporation constantly invests in modern machinery to serve production. |
In early July 2023, HTG's charter capital increased by nearly VND 60 billion to VND 360 billion, through the issuance of nearly 6 million shares to pay 2022 dividends, at a rate of 20%. In addition, HTG also paid 2022 cash dividends to shareholders at a rate of 40% (VND 4,000/share), with an estimated total expenditure of more than VND 120 billion.
Over the years, activities to care for workers' lives, creative emulation movements, and promote innovation have continued to be focused on in parallel with production and business development, helping Hoa Tho enhance its internal value and continue to participate in the global supply chain for the textile and garment industry. The Corporation has always paid attention to taking care of workers' jobs, and social security work has been carried out thoughtfully and promptly. Party building has achieved many positive changes. The Party Committee of the Corporation has been recognized as a grassroots party organization that has excellently fulfilled its tasks. With many outstanding results, Hoa Tho Textile and Garment Joint Stock Corporation has always maintained the "National Brand" award and for many consecutive years has won the "Outstanding Enterprise for Workers" award. Every year, it is awarded the emulation flag of excellence in the emulation movement and many other noble titles by ministries, departments, branches and the People's Committee of Da Nang City.
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| Production activities at the Fiber Factory of the Corporation. |
In the coming time, Hoa Tho Textile and Garment Joint Stock Corporation will continue to develop new goals and solutions. In particular, focusing on implementing key programs on digital transformation and green production to complete the goal of greening production, becoming a pioneering enterprise and developing sustainably in the textile and garment industry. Believing that with a team of highly qualified and dynamic human resources in leadership and management, Hoa Tho Textile and Garment Joint Stock Corporation will always maintain its position as one of the leading units of the Vietnam Textile and Garment Group in the coming years. On the basis of strongly promoting internal resources, especially human resources, increasingly synchronous and modern facilities, combined with flexible creativity in management, and a spirit of solidarity and enthusiasm for work, Hoa Tho firmly believes and expects that in 2023 and the coming years, it will achieve the set growth rate to continue accompanying the country in increasingly deep international economic integration.
The event of Hoa Tho Textile and Garment Joint Stock Corporation officially listing its shares on the Ho Chi Minh City Stock Exchange on November 9 will open up new confidence and positive signals for Hoa Tho shares to have an increasingly better position on the stock market.
PV
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