The company plans to contribute a large portion of the raised funds (VND1,559 billion) to Ha An Real Estate Investment and Trading Joint Stock Company - a subsidiary of Dat Xanh that owns 99.99% of the charter capital.
Dat Xanh offers more than 150 million shares, "concentrating money" on Ha An Real Estate
The company plans to contribute a large portion of the raised funds (VND1,559 billion) to Ha An Real Estate Investment and Trading Joint Stock Company - a subsidiary of Dat Xanh that owns 99.99% of the charter capital.
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Dat Xanh Group Joint Stock Company (code DXG, HoSE) has just announced the closing of the shareholder list to offer more than 150 million shares to existing shareholders at a ratio of 24:5 on January 7, 2025. Shareholders owning 1 share are entitled to 1 right, 24 rights to buy 5 new shares. The transaction date without rights is January 6, 2025.
The offering price is VND12,000/share, which is approximately 32% lower than the current market price of DXG. With the above offering price, the expected amount of money raised is more than VND1,800 billion. The company plans to contribute VND1,559 billion to Ha An Real Estate Investment and Trading Joint Stock Company - a subsidiary of Dat Xanh that owns 99.99% of the charter capital. The expected time is from the fourth quarter of 2024 to 2025. The remaining VND243 billion will be used by the company to repay bonds and partners.
The time for transferring purchase rights is from January 14, 2025 to February 5, 2025. The time for registration and deposit to buy shares is from January 14, 2025 to February 14, 2025.
According to the prospectus for the public offering of additional shares of Dat Xanh, Ha An Real Estate Investment and Business has a charter capital of VND9,918.5 billion. Currently, the Chairman of the Board of Directors of this company is Mr. Bui Ngoc Duc, who is also a member of the Board of Directors and General Director of Dat Xanh.
Dat Xanh said that Ha An Real Estate Investment and Business is a member company implementing project development and real estate business, contributing mainly to the total revenue and profit of the group. In 2023, consolidated revenue from the sale of land and apartment products of Dat Xanh Group accounted for more than 75% of net revenue, mainly coming from Ha An's real estate development activities. In the past 3 years, for the residential real estate segment, in addition to implementing apartment projects in the centers of tier 1 cities, Ha An Real Estate Investment and Business has also implemented urban areas with a scale of 10 - 100 hectares in the suburban areas of tier 1 and tier 2 cities. The company also develops the commercial real estate segment...
Ha An Real Estate Project to be deployed in 2024 - 2025 is Gem Sky World (92.2 ha). Meanwhile, the company has deployed and completed the handover of Opal Boulevard (14,575.3 m2) and Opal Skyline (10,204.4 m2) projects.
Total assets of Ha An Real Estate Investment and Trading at the end of 2023 were VND 22,653.5 billion, down 5% compared to 2022. Owner's equity was VND 9,939 billion. Net revenue in 2023 reached more than VND 2,121 billion, up 85% compared to 2022. Profit after tax of parent company shareholders was more than VND 362 billion, 3.8 times higher than the previous year.
Source: https://baodautu.vn/dat-xanh-chao-ban-hon-150-trieu-co-phieu-don-tien-cho-bat-dong-san-ha-an-d234724.html
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