Just listed on UPCoM, AIG Asia Materials wants to change its business line

DNVN - Asia Materials Joint Stock Company (Asia Group, stock code AIG) has just announced that December 2 is the last registration date to get shareholders' opinions by approving the proposal to change business lines and other issues. This information was released not long after AIG officially traded on UPCoM on November 11.

According to the announcement of Asia Group (Asia Group, stock code AIG), the last registration date to make a list of shareholders for AIG shares of Asia Group AIG is December 2, 2024 to obtain written opinions from shareholders on the ratio of rights allocation, approve the proposal to change business lines and other issues under the authority of the General Meeting of Shareholders according to the provisions of law and the Company's Charter.

Expected implementation time is from December 3-31, 2024, implementation location at AIG Asia Materials Joint Stock Company, address: Lot TH-1B, Road No. 7, Southern Commercial Area, Tan Thuan Export Processing Zone, Tan Thuan Dong Ward, District 7, Ho Chi Minh City.

The news of the company wanting to change its business line surprised the public because AIG shares of this company were officially traded on UPCoM on November 11 with a reference price of 63,000 VND/share. After more than 1 week of trading, the company's capitalization decreased by nearly 2,000 billion VND, down to 8,800 billion VND.

Asia Materials Corporation (Asia Group, stock code AIG) consulted shareholders on approving the proposal to change business lines and some other issues.

Asia Raw Materials specializes in supplying and producing raw materials for the food processing industry in Vietnam; providing technical solutions, raw materials and nutritional products through the ecosystem for the food raw materials industry.

As of September 30, 2024, AIG owns 10 direct subsidiaries, 2 indirect subsidiaries, 1 indirect joint venture, 1 direct associate and 2 associates. AIG's customers are famous brands such as Vinamilk, TH True Milk, Nutricare, Nutifood, Nestle, Masan , Duc Viet, Vifon, Dabaco, Acecook...

In terms of business results, AIG's net revenue in the third quarter of 2024 reached VND3,112 billion, up 7% year-on-year, and after-tax profit reached nearly VND203 billion, up nearly 10% year-on-year. In the first 9 months of 2024, after-tax profit was VND634.4 billion, while in the same period of 2023 it reached VND579 billion.

Previously, in 2023, AIG's after-tax profit reached VND787 billion - a slight decrease of 1% compared to 2022.

Currently, Mr. Nguyen Thien Truc is Chairman of the Board of Directors, Mr. Nguyen Bao Tung holds the position of General Director.

Thu An

Source: https://doanhnghiepvn.vn/kinh-te/chung-khoan/vua-len-san-upcom-nguyen-lieu-a-chau-aig-muon-doi-nganh-nghe-kinh-doanh/20241120043747771