An Phat Holdings JSC (APH) has just released its Extraordinary Shareholder Meeting document keo ty le bong 88 2021, keo ty le bong 88 which keo ty le bong 88 addition to the approval of some adjustments related to the construction of PBAT manufacturing plant, the Board of Directors also submits the issuance plan to existing shareholders at the rate of 40%.
Raising the expected investment keo ty le bong 88 manufacturing plant to $ 90 million
According to report before APH’s Extraordinary Shareholder Meeting expected to take place keo ty le bong 88 January 2021, the total investment for the project to build PBAT manufacturing plant was changed from nearly VND 1,500 billion to over VND 2,100 billion (about USD 90 million), the scale and capacity is expected to increase from 20,000 tons of products per year to 30,000 tons of products per year. At the same time, APH also submitted to shareholders plan to establish a new legal entity as an investor to implement the Project.
The construction of the largest PBAT manufacturing plant keo ty le bong 88 Southeast Asia is part of APH’s 2021 strategic plan to have the autonomy keo ty le bong 88 raw materials, hence create competive advantages and expanding market for environment friendly products keo ty le bong 88 domestic and international market.
Continuously increasing ownership keo ty le bong 88 member companies
Thanks to the the self-supply keo ty le bong 88 raw materials, APH will save about 30% of production costs for subsidiaries while the parent company still enjoys a gross profit margin of 25-30% of this project.
keo ty le bong 88 2020, APH’s market share for green products has increased from 5 countries (2019) to 20 countries including the US, Canada, Japan, European countries … and market is expected continue to expand keo ty le bong 88 2021.
The second important regarded to APH’s Extraordinary Shareholder Meeting is the issuance of 55 million new shares to existing shareholders at the price of VND 10,000. The total amount of money expected to mobilise from this share issuance is VND 557 billion, which is expected to be used entirely to increase the ownership rate keo ty le bong 88 AAA.
Previously, keo ty le bong 88 March 2020, AAA’s Shareholders Meeting keo ty le bong 88 2020 approved APH to increase its ownership keo ty le bong 88 AAA to 65% without a tender offer. keo ty le bong 88 mid-July, APH took the first step of increasing its ownership keo ty le bong 88 AAA from 48% to 53% through the conversion of warrants to 30 million AAA shares. Currently, AAA is the main unit accounting for 80% of APH’s profits while the P/E valuation of AAA for 2021 is only 5.7x based on 2021’s estimated profit after tax of VND 550 billion.
According to representatives of APH, raising APH’s ownership keo ty le bong 88 AAA will help increase APH’s value when AAA is the highest profit contributor but has the cheapest valuation among current listed companies of APH.
Earlier, AAA also increased its ownership keo ty le bong 88 HII to 63.5% keo ty le bong 88 May 2020; raised its ownership keo ty le bong 88 An Vinh Packaging Plastic JSC to 56.51% keo ty le bong 88 July 2020; increasing its ownership keo ty le bong 88 NHH. 20.24% and NHH increased the ownership keo ty le bong 88 An Cuong High-tech Building Materials Joint Stock Company to 98.9% keo ty le bong 88 November 2020 and December 2020. These activities show the strategy to increase ownership keo ty le bong 88 APH’s member companies to increase the value of profits contributed to APH from 2021.
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