Hai An Transport and Stevedoring (HAH), a company related to the chairman, bought 2 million shares.
In the document for the 2023 Annual General Meeting of Shareholders to be held on March 29, 2023 in Hai Phong , Hai An Transport and Stevedoring (HAH) has caused a stir among shareholders when it had to set a revenue target that was set back as well as a profit plan that decreased by 41% compared to the same period last year.
Hai An Transport and Stevedoring (HAH) has just announced a sharp decrease in its 2023 profit plan, and the company's chairman immediately acquired 2 million more shares (Photo TL)
Immediately after this information, it was more surprising when the organization related to the leader of Hai An Transport and Stevedoring (HAH) was Hai Ha Investment and Transport JSC, an organization related to Mr. Vu Ngoc Son, Chairman of the Board of Directors of Hai An Transport and Stevedoring, registered to buy 2 million HAH shares. The transaction is expected to take place from March 28 to April 26. After this transaction, Hai Ha Investment and Stevedoring will increase its ownership ratio from 11.998% to 14.84% of charter capital.
It is not uncommon for an organization related to a company's leadership to acquire additional shares like this. However, coincidentally, this acquisition took place right after information about Hai An's profit plan going backwards in 2023, causing investors to wonder about this coincidence.
Hai An Transport and Stevedoring lowers dividend payment, issues maximum 500 billion VND convertible bonds
Also in the documents for the upcoming 2023 Annual General Meeting of Shareholders, Hai An Transport and Stevedoring also presented its business plan for the year with planned revenue of VND 2,959 billion, down 9% year-on-year. Expected after-tax profit is VND 492 billion, down about 41% compared to the actual performance in 2022.
Regarding the dividend payment policy in 2022, the company also presented to shareholders a plan to pay dividends in shares at a rate of 50% in shares, corresponding to each shareholder owning 100 shares will receive 50 new shares. The number of shares expected to be issued will be 35.2 million shares.
In addition, Hai An Transport and Stevedoring also plans to issue up to VND500 billion in private convertible bonds in 2023 or 2024 with a term of 4 to 5 years, with a maximum fixed nominal interest rate of 6%/year. The amount raised from this convertible bond issuance will be used to build new ships for business operations and the collateral is future assets, formed through the mobilization of convertible bonds.
Source
Comment (0)