Many listed enterprises "acquire" small businesses

(NLDO) - On the stock exchange, some companies announced increasing their capital contribution ratio and acquiring 100% of their subsidiaries.

* TLG : Thien Long Group Corporation decided to increase its capital contribution at Tan Luc Southern Trading and Service Company Limited by 270 billion VND, bringing the total capital contribution to 350 billion VND, and at the same time owning 100% of the capital in this company. Mr. Co Gia Tho, as the representative of the capital contribution, will be responsible for carrying out the related administrative procedures to complete the capital increase.

* HID : Halcom Vietnam Joint Stock Company announced the increase of investment capital in Northern Environmental Technology Investment and Application Company Limited with a value of 6.8 billion VND. After completing the capital increase, Halcom will increase its capital contribution by a maximum of 50 billion VND, owning 100% of the charter capital of the subsidiary.

Many listed companies increase capital and acquire subsidiaries

* KBC: Kinh Bac Urban Development Investment Joint Stock Company uses all of its capital contribution at Trang Cat Urban Development One Member Co., Ltd. as collateral to secure loans related to the Trang Cat project at Vietnam Prosperity Joint Stock Commercial Bank (VPBank). The collateral is worth VND12,681 billion.

The purpose is to secure the repayment of loans related to the Trang Cat urban and service area investment project. Any additional capital contribution to Trang Cat Urban Development One Member Co., Ltd. in the future will be used to secure these loans.

* NLG : Nam Long Investment Joint Stock Company (NLG) announced that Ibeworth Pte. Ltd, with Mr. Joseph Low Kar Yew (Singapore) as a member of the executive board, and also a member of the Board of Directors - a member of the NLG audit board, registered to sell 2 million NLG shares, reducing the holding ratio from 8.15% to 7.63%. Expected transaction time is from December 23, 2024 to January 21, 2025.

In addition, Mr. Nguyen Duc Thuan, a member of the Board of Directors of Thai Binh Investment Joint Stock Company, owns 17.18 million NLG shares (equivalent to 4.47% of total outstanding shares) but was unable to sell 3.3 million shares as registered because the share price did not meet expectations.

* DIG : Ms. Le Thi Thanh Ha, mother of Mr. Nguyen Hung Cuong, Chairman of the Board of Directors of Construction Investment and Development Joint Stock Company (DIG), is holding 77.96 million DIG shares (equivalent to 12.78%), has transferred 4.75 million DIG shares, reducing the holding ratio to more than 16 million DIG shares. The transfer was completed through an agreement.

* VNS : Vietnam Sun Corporation (Vinasun) announced that its major shareholder, TAEL Two Partners Ltd, has completed the sale of 1.44 million VNS shares, reducing its ownership ratio from 9.49% to 7.37% (5 million shares). The purpose of the sale is to restructure the investment portfolio.

* AGG: An Gia Real Estate Investment and Development Joint Stock Company (An Gia -AGG) has announced the number of shares owned at AGG by internal shareholders, related to Mr. Nguyen Ba Sang - Chairman of the Board of Directors of An Gia has completed the transaction at Truong Giang Investment and Management Joint Stock Company, increasing the ownership ratio from 12.47 million shares (accounting for 7.68% of capital) to 55.48 million shares (accounting for 34.14% of capital)

Source: https://nld.com.vn/chung-khoan-truoc-gio-giao-dich-17-12-nhieu-doanh-nghiep-niem-yet-thau-tom-doanh-nghiep-nho-19624121619281026.htm