(Vietnamfinance.vn) An Phat Holdings (APH) successfully auctioned 4,3 million shares, equivalent to 3% of its stake, raised VND 215,08 billion.
This morning, APH successfully auctioned 4.3 million shares at Ho Chi Minh City Stock Exchange (HoSE). With an average successful bid price of VND 50,018, twice as much as ty le keo ca cuoc starting price of VND 25,000 per share, APH is valued at more than VND 6,600 billion.
Earlier, after ty le keo ca cuoc Ho Chi Minh City Stock Exchange (HoSE) announced APH’s registration to participate in ty le keo ca cuoc auction, ty le keo ca cuoc total number of registered shares was 4.8 times higher as much as ty le keo ca cuoc selling volume.
As a result, 109 investors participated in ty le keo ca cuoc auction, 15 winning investors bought all 4.3 million shares with ty le keo ca cuoc highest bid price of VND 52,800 per share.
It is known that all proceeds from this auction will be used to invest in ty le keo ca cuoc construction of ty le keo ca cuoc compostable material manufacturing plant. ty le keo ca cuoc project will help ty le keo ca cuoc company have ty le keo ca cuoc raw materials self-supply, thereby reducing product costs, expanding market, and approaching potential partners…
Talking about ty le keo ca cuoc Initial Public Offering of APH, ty le keo ca cuoc Chairman of APH shared: “Despite difficulties in ty le keo ca cuoc global market, our sector has not been affected much. On ty le keo ca cuoc contrary, APH’s products have received more orders from partners in America and Europe. Henceforth, we place our confidence in this project to build ty le keo ca cuoc compostable material manufacturing plant.”
ty le keo ca cuoc construction of ty le keo ca cuoc plant is expected to start at ty le keo ca cuoc beginning of 2021 at Hai Phong, with an 18-month construction period, completed by 2022, with a capacity of 20.000 tons per year and an investment amount of nearly VND 1.500 billion. It is estimated that after going into operation, ty le keo ca cuoc factory will bring in revenue of about VND 1,560 billion and profit after tax of VND 376.6 billion in 2025.
With a project scale of more than 70 million USD, APH plans to call for 50% capital from owners’ equity and 50% from borrowed capital. Therefore, in 2020, APH will issue 20 million shares (15.75 million shares to strategic investors and 4.3 million shares for ty le keo ca cuoc initial public offering) in order to have enough financial resources for ty le keo ca cuoc construction of ty le keo ca cuoc compostable material manufacturing plant.
Attending IPO event, Mr. Pham Do Huy Cuong, Standing Deputy General Director & CFO of An Phat Holdings gave a piece of his mind: “With ty le keo ca cuoc right business strategies as well as business expansion in other potential sectors, especially with ty le keo ca cuoc construction plan of AnBio compostable material manufacturing plant, we hold a strong belief that in ty le keo ca cuoc next 5 years, An Phat Holdings will become ty le keo ca cuoc biggest bioplastics group in South East Asia.”
APH is ty le keo ca cuoc parent company that owns 55% stake of Hanoi Plastics (Ticker: NHH), 48% of An Phat Bioplastics (Ticker: AAA), An Tien Industries (Ticker: HII) and ty le keo ca cuoc other subsidiaries. HII contribute 86% and 80% of revenue and gross profit respectively to APH in ty le keo ca cuoc first quarter of 2020, while ty le keo ca cuoc remaining 14% and 20% respectively came from NHH. In 2019, APH’s consolidated revenue and profit after tax is VND 9,513 billion and VND 712 billion respectively, increased 19% and 305% over ty le keo ca cuoc same period in 2018.
Moreover, after just more than 1 year in operation, ty le keo ca cuoc industrial real estate segment achieved enormous success by contributing 7% of revenue and 29% of gross profit in 2019 while ty le keo ca cuoc supporting industry segment now comprises about 12% of APH’s consolidated revenue with an average growth of 9% each year in ty le keo ca cuoc period of 2015 – 2019. In 2020, APH set a target for revenue and net profit up to VND 12,000 billion and VND 650 billion respectively.
(Source:)
