Having just listed on UPCoM, Asia Materials AIG wants to change its business line.

DNVN - Asia Group Joint Stock Company (Asia Group, stock code AIG) has just announced that December 2nd is the last registration date to obtain shareholder approval for a proposal to change business lines and other matters. This information comes shortly after AIG officially began trading on UPCoM on November 11th.

According to an announcement from Asia Group Joint Stock Company (Asia Group, stock code AIG), the record date for compiling the shareholder list for AIG shares is December 2, 2024, to obtain shareholder opinions in writing on the allocation ratio of rights, to approve proposals for changes in business lines and other matters within the authority of the General Meeting of Shareholders as stipulated by law and the company's charter.

The project is scheduled to take place from December 3rd to 31st, 2024, at AIG Asia Materials Joint Stock Company, address: Lot TH-1B, Street 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's intention to change its business line came as a surprise to the public because AIG shares only officially began trading on the UPCoM exchange on November 11th with a reference price of 63,000 VND/share. After more than a week of trading, the company's market capitalization decreased by nearly 2,000 billion VND, down to 8,800 billion VND.

Asia Group Joint Stock Company (Asia Group, stock code AIG) is seeking shareholder approval for a proposal to change its business lines and other matters.

Asian Ingredients specializes in supplying and producing ingredients for the food processing industry in Vietnam; providing technical solutions, raw materials, and nutritional products through an ecosystem for the food ingredient industry.

As of September 30, 2024, AIG owned 10 direct subsidiaries, 2 indirect subsidiaries, 1 indirect joint venture, 1 direct associate, and 2 associates. AIG's clients include well-known brands such as Vinamilk, TH True Milk, Nutricare, Nutifood, Nestle, Masan , Duc Viet, Vifon, Dabaco, Acecook, etc.

Regarding business results, AIG's net revenue in Q3/2024 reached VND 3,112 billion, a 7% increase compared to the same period last year, and after-tax profit reached nearly VND 203 billion, an increase of nearly 10% compared to the same period last year. For the first nine months of 2024, after-tax profit was VND 634.4 billion, while in the same period of 2023 it was VND 579 billion.

Previously, in 2023, AIG's after-tax profit reached VND 787 billion - a slight decrease of 1% compared to 2022.

Currently, Mr. Nguyen Thien Truc is the Chairman of the Board of Directors, and 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