Approval of starting price for offering shares at Binh Dinh Minerals Company
Binh Dinh will offer the state-owned shares in Binh Dinh Minerals Joint Stock Company at a starting price of VND22,300/share, with a quantity of more than 3 million shares.
The People's Committee of Binh Dinh province has just approved the starting price for offering shares at Binh Dinh Minerals Joint Stock Company (abbreviated name BIMICO, HoSE code: BMC) with a starting price of VND 22,300/share and assigned Mr. Le Trung Hau, Deputy Director of the Provincial Development Investment Fund (representative of state capital at the company) to implement the next steps.
According to the plan to divest state capital at Binh Dinh Mineral Joint Stock Company approved on January 16, 2024 (adjusted on February 23, 2024), the organization selling shares is Binh Dinh Provincial Development Investment Fund; the number of shares proposed to be divested is more than 3 million shares, equivalent to more than VND 30.9 billion.
The method of selling shares is through order matching or negotiated transactions at the Ho Chi Minh City Stock Exchange (where BMC shares are listed and traded). The implementation and completion time is in 2024.
Binh Dinh Minerals Joint Stock Company is located at 11 Ha Huy Tap Street, Quy Nhon City. Its main business lines are mining and processing minerals from titanium sand and other ores and minerals; mineral exploitation support activities; testing and technical analysis of mineral ores; buying and selling materials, machinery and equipment for mining and processing of mineral ores.
BIMICO has a charter capital of over 123.9 billion VND, equivalent to over 12.3 million shares. The number of shares held by the State is over 3 million, accounting for 25% of the charter capital.
Regarding business situation, in 2023, BIMICO's net revenue from sales and service provision reached nearly 180 billion VND; profit after tax reached more than 24 billion VND.
In 2024, BIMICO sets a revenue target of 180 billion VND. In the first 6 months of 2024, BIMICO recorded net revenue from sales and service provision of more than 88.3 billion VND, and after-tax profit of more than 11 billion VND.
Binh Dinh currently has 2 enterprises completing state capital divestment in the period of 2024 - 2025. In addition to BIMICO, Binh Dinh Pharmaceutical - Medical Equipment Joint Stock Company will divest all existing state capital in the enterprise, equivalent to 13.34% of charter capital (more than 99.8 billion VND); implementation period in the period of 2024 - 2025.
Regarding the divestment situation at this enterprise, at the end of June 2024, the People's Committee of Binh Dinh province said that the locality is continuing to develop a plan and organize the implementation of divestment to be completed in the period of 2024-2025 according to the direction of the Ministry of Planning and Investment (in Document No. 6338/BKHĐT-PTDN dated August 8, 2023).
Source: https://baodautu.vn/phe-duyet-gia-khoi-diem-chao-ban-co-phan-tai-cong-ty-khoang-san-binh-dinh-d224580.html
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