Under the newly adjusted plan, Song Da Corporation (Song Da), the largest hydropower construction firm in Vietnam, will not sell its shares to strategic investors in its initial public offering.
Under the Prime Minister's direction on the equitization of Song Da Corporation (Song Da), the State will hold a 51 per cent stake until 2019. This figure will be reduced to under 50 per cent in 2020.
0.81 per cent of charter capital equaling to 822,000 shares will be sold to Song Da’s employees at a preferential price. The remaining 219 million shares will be offered publicly.
Under the previous plan, 30 per cent of Song Da's stakes were expected to be sold to strategic investors and only 18.82 per cent of stakes were planned to be offered publicly.
Song Da Corporation has total assets of VND31,900 billion (roughly US$1.4 billion) and the equity of VND7,828 billion (roughly US$345 million) at the end of 2016. In 2016, the Corporation gained the consolidated revenue of VND9,970 billion (roughly US$439.4 million) and the after-tax profit of VND586 billion (roughly US$25.8 million).
Tags:
Tags:
Hoang Huy expects revenue to exceed VND4 trillion and post-tax profit to reach up to VND2 trillion in fiscal year 2025-2026, targeting annual growth of over 30% for the next five years.
Cen Land is shifting from brokerage to development, targeting a 170% revenue increase and 424% profit growth in 2025.
Menas Group has entered a strategic partnership with Keppel to co-develop an integrated ecosystem of lifestyle services across Keppel’s real estate projects in Vietnam, beginning with the landmark Celesta City development in Saigon South.
Phuc Sinh’s expansion underscores Vietnam’s growing role in sustainable agriculture and its increasing appeal to global investors
PVI Asset Management (PVI AM) and SonKim Capital (SK Capital), a business unit of SonKim Group has announced a strategic collaboration to develop innovative real estate investment products tailored for institutional investors and high-net-worth individuals.
Filum AI has successfully raised $1 million in funding despite a challenging venture capital market, underscoring the potential of AI and shifting investment strategies.
