HOSE received application for listing more than 75.2 million VCP shares

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HOSE announced that it had received the application for listing of more than 75.2 million shares of VCP Construction and Energy Joint Stock Company (formerly Vinaconex Energy Development and Construction Investment Joint Stock Company – code: VCP) on July 12.

Ho Chi Minh City Stock Exchange (HOSE) announced that it has received the listing registration dossier of VCP Construction and Energy Joint Stock Company (formerly known as Vinaconex Energy Development and Construction Investment JSC – code: VCP) on last July 12, 2021.

The number of shares registered for listing is more than 75.2 million units, equivalent to the charter capital of 752.3 billion dong. Currently, VCP shares are being traded on UPCoM stock exchange. The opening price of the 19/7 session was 34,000 VND/share. The average matching volume in the last 10 sessions was 1,558 units.

VCP Construction and Energy Joint Stock Company. (Source: VCP website).

VCP’s main business is investment and construction of hydropower projects, electricity production and business. The company currently has 6 subsidiaries in the field of electricity production and trading, 1 machine and equipment repair company and 1 dependent accounting branch.

Source: VCP.

As of June 24, 2021, VCP has major institutional shareholders namely VSD Investment Joint Stock Company holding 10,833,334 shares (corresponding to 19.01% shares), PVI Opportunity Investment Fund. (7,000,000 shares, equivalent to 9.3%), Asia Thong Nhat Investment Joint Stock Company (8,000,000 shares, equivalent to 10.63%) and the founding shareholder is Song Da Corporation – JSC (4,032,972 shares, equivalent to 7,000,000 shares, equivalent to 9.3%) equivalent to 5.36%).

Currently, the largest shareholder is Ms. Pham Thu Huyen, currently holds 17.01% of share capital at VCP. It is known that from June 15 to June 22, 2021, Ms. Huyen continuously registered to buy VCP shares, increasing her ownership from 0 shares to 12,799,941 shares. Thus, Ms. Huyen bought nearly 12.8 million VCP shares in just one week, estimated to spend more than 400 billion dong.

In terms of business results, revenue and profit in the first quarter of 2021 of VCP both increased sharply compared to the same period last year. Specifically, the first quarter’s revenue reached 191.4 billion VND, of which revenue from sales and service provision was 190.1 billion VND, 3.6 times higher than the same period in 2020. Notably, profit after tax increased. 7.3 times higher than the previous year, to more than 50 billion dong.

Source: VCP.

Regarding the business plan in 2021, the company aims to total revenue of 551 billion VND, a sharp increase of 53.69%, the target of profit after tax of VND 88.2 billion also increased significantly by 83.84% compared to 2020. Thus, by the end of the first quarter of 2021, VCP implemented 34.7% of the revenue plan but reached 56.6% of the profit plan for the whole year.

Source: vietnambiz.vn – Translated by fintel.vn