Advertisement
ex. Game, Music, Video, Photography

Major shareholder to sell entire stake in steel giant Hoa Sen

The Hoa Sen Holdings Group, which owns 9.7 percent of Hoa Sen, has registered to sell its entire shareholdings in the steelmaker.

Ngày đăng: 24 tháng 3, 2021
Cập nhật: 16 tháng 11, 2021
Lượt xem: 86582915
Nguồn: vnexpress

Advertisement
The Hoa Sen Holdings Group, which owns 9.7 percent of Hoa Sen, has registered to sell its entire shareholdings in the steelmaker.

The Hoa Sen Holdings Group, which owns 9.7 percent of Hoa Sen, has registered to sell its entire shareholdings in the steelmaker.

The stake sale will take place between December 4 this year and January 4, 2021, via both order-matching and put-through methods.

A total of 43.14 million shares of Hoa Sen under the ticker HSG will be sold to meet "financial needs," the Hoa Sen Holdings Group said in its latest filing with the Ho Chi Minh Stock Exchange.

The group is a private company owned by Le Phuoc Vu, chairman and founder of steelmaker Hoa Sen. Vu personally holds a 16.72 percent stake in Hoa Sen.

This is the fourth time this year the Hoa Sen Holdings Group has pulled capital out of Hoa Sen company. Its latest stake sale was in November, when it sold 30 million HSG shares to bring its ownership down to 9.7 percent from 16.45 percent. It held 24.32 percent of the steelmaker at the beginning of the year.

HSG shares are currently trading at its highest levels in the past two years, but plunged 2.18 percent Wednesday, to VND17,950 ($0.78) per share, after news of the stake sale was released. Based on the current trading price, the deal would be worth around VND770 billion ($33.35 million).

Hoa Sen posted post-tax profits of over VND700 billion ($30.3 million) in the first nine months of the 2019-2020 financial year, up 153 percent year-on-year.


Advertisement

Tin tức liên quan

 Coteccons diversifies as competition in construction hits profit margins
business 30/04/2021

Coteccons diversifies as competition in construction hits profit margins

companies | 194992890

The fierce competition in civil construction and the resultant razor thin profit margins have prompted it to expand into infrastructure, energy and asset management, construction giant Coteccons said.

Advertisement
 Canon controversy: Photo alteration a ‘no no’
travel-life 29/03/2021

Canon controversy: Photo alteration a ‘no no’

travel-life | 153852902

Experts weigh in on Hanoi’s Canon Photomarathon controversy, rejecting alterations and decrying poor composition of winning entry.

 Brewer Sabeco profits up 6 pct
business 03/08/2021

Brewer Sabeco profits up 6 pct

companies | 229932873

Vietnam’s largest brewer Sabeco posted after-tax profits of VND2.057 trillion ($89.43 million) in the first half of this year, a year-on-year rise of 6 percent.

Advertisement
 Grab a taste of Da Lat in the heart of Saigon with 3 signature dishes
travel 31/03/2021

Grab a taste of Da Lat in the heart of Saigon with 3 signature dishes

food | 174552896

Discover street food from the 'city of love' in Vietnam's southern metropolis.

 Hanoi air pollution goes from very bad to much worse
news 19/03/2021

Hanoi air pollution goes from very bad to much worse

news | 12592913

The air pollution index soared to stratospheric levels in Hanoi on Monday and photos captured the smog that has blanketed the capital city.

Advertisement
 Vietnam
business 28/03/2021

Vietnam's prosecutors implicate multiple state firms in massive graft case

business | 136292897

PetroVietnam units have been identified among the recipients of illegal interest payments worth $70.4 million from OceanBank.

 Hanoi air quality improves in pandemic year but still a concern
news 24/03/2021

Hanoi air quality improves in pandemic year but still a concern

news | 70722921

Air quality in the Vietnamese capital Hanoi improved in 2020 but was still the 12th worst among cities in the world.

Advertisement
 Vietnam-Lao border guards deny Covid-19 point of entry
news 17/03/2021

Vietnam-Lao border guards deny Covid-19 point of entry

news | 13028749

On high alert, stations along the Vietnam-Laos border help stem the Covid-19 flow.

Advertisement
Advertisement
Advertisement

Tin được xem nhiều nhất

 Vietnam among hardest hit by cryptomining attacks: security bulletin
news 22/03/2021

Vietnam among hardest hit by cryptomining attacks: security bulletin

news | 38153370

Vietnam is among nations hardest hit by cryptomining attacks this year, says Moscow-based multinational cybersecurity firm Kaspersky Lab.

Advertisement
 Vietnam lifts rice export ban
business 17/03/2021

Vietnam lifts rice export ban

economy | 329069

Vietnam has lifted its ban on rice exports with immediate effect, allowing 400,000 tonnes to be shipped this month.

 Online ethnic minority comedies no laughing matter
life 18/03/2021

Online ethnic minority comedies no laughing matter

trend | 95929035

Many Vietnamese YouTube channels have produced comedy videos portraying ethnic minority life through distorted facts and smutty jokes, causing community backlash.

Advertisement
 Hanoi relives historic, liberating moment
news 17/03/2021

Hanoi relives historic, liberating moment

news | 80629018

An exhibition in Hanoi goes back 64 years, when the French troops officially withdrew from Vietnam.

 A winsome foursome presents a ‘Happy Vietnam’
news 17/03/2021

A winsome foursome presents a ‘Happy Vietnam’

news | 1228992

Viet, Nam, Hanh and Phuc whose first names combine to mean "Happy Vietnam" are healthy quadruplets growing in the southern province of Dong Thap.

Advertisement
 Coteccons begins new chapter, hopefully, after resolving feud with shareholders
business 17/03/2021

Coteccons begins new chapter, hopefully, after resolving feud with shareholders

companies | 90328992

Coteccons will replace two board members with nominees of two major shareholders with whom the management has had a running battle since 2017.

 Lo Lo Chai: where time stands still
travel 20/03/2021

Lo Lo Chai: where time stands still

travel | 16763061

Lo Lo Chai is a village in the northern province of Ha Giang that has no modern construction.

Advertisement
 Four teen boys probed for gang rape of drunk girl
news 21/03/2021

Four teen boys probed for gang rape of drunk girl

news | 35373058

Four teenage boys in northern Vinh Phuc Province are being investigated for allegedly raping a 15-year-old girl.

 Five Vietnamese men caught for smuggling Chinese
news 18/03/2021

Five Vietnamese men caught for smuggling Chinese

news | 96728870

Three men in southern Tay Ninh Province and two in northern Lao Cai Province have been arrested for helping Chinese nationals illegally enter Vietnam.

Advertisement
 Golden rice season in northern Vietnam village Nam Hong
travel 17/03/2021

Golden rice season in northern Vietnam village Nam Hong

places | 528863

When fall begins towards the end of September and start of October, Nam Hong Village in Ha Giang Province radiates the amber hue of autumn.

Advertisement

Link Tài Trợ - Sponsored Links

Công Thức Vật Lý
Advertisement
Loading…