The transaction is expected to take place from today (August 30) to September 27, 2024, by order matching or negotiation. No sudden transaction volume has been recorded this morning.
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| PC1 Group Joint Stock Company. |
Mr. Phan Ngoc Hieu, Member of the Board of Directors of PC1 Group Joint Stock Company (code PC1 - HoSE floor) registered to sell all of more than 15.55 million PC1 shares, equivalent to 5% of the capital of this unit for the purpose of restructuring the investment portfolio.
The transaction is expected to take place from August 30 to September 27, 2024, by order matching or negotiation. If the transaction is successful, Mr. Ngoc Hieu will divest all of his capital from PC1 Group and will officially no longer be on the list of major shareholders of this unit.
It is estimated that with the current market price of about 28,750 VND/share (closing session on August 28), Mr. Phan Ngoc Hieu can earn about 447 billion VND when completing this deal.
Previously, at the 2024 Annual General Meeting of Shareholders of PC1 Group, Mr. Phan Ngoc Hieu was appointed as a member of the Board of Directors from April 26, 2024 after the company dismissed Mr. Mai Luong Viet. Before being appointed as a member of the Board of Directors, Mr. Hieu was a major shareholder of the company from January 30, 2024. The above move took place in the context that the largest shareholder group of PC1 Group, BEHS Joint Stock Company and its subsidiaries, divested all of more than 73.4 million PC1 shares, equivalent to 23.6% of capital, from January 22 to 24, 2024. All transactions were conducted by negotiation.
Mr. Phan Ngoc Hieu, born in 1975, was the General Director of Soc Son Steel Structure Mechanical Joint Stock Company (1997 - 2015). Currently, Mr. Phan Ngoc Hieu is also a member of the Board of Directors of Licogi 16 Power Joint Stock Company, Lizen Joint Stock Company (code LCG - HoSE), Vietnam Electric Cable Joint Stock Company (code CAV - HoSE), Dai Dung Mechanical and Construction Joint Stock Company and Central Electromechanical Joint Stock Company.
PC1 Group's personnel has recently recorded many changes. On July 12, 2024, the Board of Directors of the company issued a Resolution on appointing Mr. Trinh Ngoc Anh as Deputy General Director from July 15, 2024. Mr. Trinh Ngoc Anh graduated with a major in Business Administration from Lincoln University, USA and is preparing to complete the Master of Business Administration program at the National Economics University.
Regarding business activities, according to the consolidated financial report for the second quarter of 2024, the company's revenue reached VND 3,091 billion, an increase of 110% over the same period. Most segments had strong revenue growth, including: construction and electrical equipment supply activities brought in VND 1,187.9 billion (up 120%); industrial production VND 780.9 billion (up 246%); electricity sales VND 393.3 billion (up 42%); ore sales VND 338 billion (no increase in the same period). The company recorded a profit after tax of VND 74.6 billion, an improvement compared to a loss of VND 20.7 billion in the same period last year.
In the first 6 months of the year, the company brought in revenue of VND 5,255.6 billion (up 77% over the same period) and profit after tax of VND 203.7 billion (up 248% over the same period). The company completed 48% of the revenue plan and 39% of the profit plan after the first half of the year.
PC1 stock price on August 30 is trading at 28,500 VND/share, around the price at the beginning of the year. As of this morning, there has been no record of sudden trading volume.
Source: https://baodautu.vn/ctcp-tap-doan-pc1-mot-thanh-vien-hdqt-muon-ban-toan-bo-5-von-d223736.html
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