Khang Dien House's revenue in the first quarter of 2024 decreased - Photo: Business website
Tien Loc Investment Joint Stock Company has just sent a notice to the State Securities Commission about registering to buy more than 17.61 million KDH shares of Khang Dien House Investment and Trading Joint Stock Company.
Currently, Tien Loc Company owns more than 86.57 million KDH shares, equivalent to 10.83% of Khang Dien House's charter capital.
With the above number of more than 17.61 million KDH shares registered to buy, the expected transaction value is calculated at par value of VND 176.1 billion in the form of private issuance.
However, if calculated according to market price, the estimated amount of money to be spent to own the number of KDH shares of Tien Loc will be larger.
Specifically, at the end of the trading session on July 17, each KDH share was priced at VND36,900. This means that this institutional investor may have to spend more than VND616 billion to own the registered shares.
The expected transaction time of the above deal as announced will take place from July 19 to July 29, 2024.
With the successful transaction, Tien Loc Company will increase the total number of shares it holds to 104.18 million, equivalent to 13.3% of Khang Dien House's charter capital.
According to research, Tien Loc Investment Joint Stock Company has its headquarters in District 3, Ho Chi Minh City, the legal representative of the enterprise is Dang Ly Ngoc Vy (born in 1996).
Khang Dien House's 2023 annual report said that this enterprise has 4 major shareholders holding more than 282 million shares, equivalent to 35.31% of charter capital as of December 29, 2023.
Also according to the report, the ownership ratio on charter capital is more than 7,993 billion VND.
The total ownership of the investor group belonging to VinaCapital is about 11% and the total ownership of the investor group belonging to Dragon Capital is 11% at the end of 2023.
However, recently, from June 27 to July 11, Dragon Capital fund group net sold more than 2.6 million KDH shares, reducing ownership ratio.
In addition, Vietnam Ventures Limited, a British Virgin Islands-based organization and member of VinaCapital, recently sold 13.3 million KDH shares.
Khang Dien House revenue decreased in the first quarter of the year
Regarding business performance, the consolidated financial report for the first quarter of 2024 shows that KDH achieved revenue of VND 334 billion, down 21% over the same period last year; and profit after tax was nearly VND 64 billion, down 68%.
According to the plan, KDH sets a revenue target of 3,900 billion VND in 2024, with after-tax profit of 790 billion VND.
Source: https://tuoitre.vn/cong-ty-dai-gia-sinh-nam-1996-bo-hang-tram-ti-mua-co-phieu-nha-khang-dien-20240717192549472.htm
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