The two most difficult years have passed, doubled capital, invested heavily in educational real estate, and ambitiously exported Vietnamese educational products to the world.
That is the content shared by Chairman of the Board of Directors Nguyen Ngoc Thuy – a judge who participated in Shark Tank Vietnam at the 2022 Annual General Meeting of Shareholders of Apax Holdings Investment Joint Stock Company (code: IBC) took place on March 16.
The most difficult period is over, in 2022, a profit plan of 141 billion dong is set
At the meeting, on behalf of the Board of Directors, Mr. Nguyen Ngoc Thuy reported to shareholders on business results in 2021. Accordingly, although English centers and preschools of affiliated companies must be temporarily closed. closed to ensure safety against epidemics for a relatively long time (from Lunar New Year to April 30, 2021 and then from May to December 2021, most English centers and preschools will be closed). epidemic outbreak provinces and cities), but Apax Holdings still maintains a stable scale in terms of the number of centers and preschools. The enterprise’s revenue in 2021 will reach VND 2,053.5 billion, profit after tax will reach VND 95.7 billion (equivalent to 136.7% of the plan).
To achieve this result, according to Shark Thuy in 2021, businesses have made a strong digital transformation, bringing technology into education to flexibly transform online education models during the pandemic. Apax Holdings has launched a number of online English education programs such as: Apax Virtual School (AVS); Englishnow Co-Learning by Englishnow… At the same time, the company also restructured its operations, reducing costs, contributing to increasing profits of subsidiaries, helping to expand the scale of operations of the business.
In particular, according to Mr. Thuy, the profit in 2021 will have the contribution of financial revenue from the restructuring to increase the operational efficiency of the subsidiary and from the sale of the right to buy additional shares. of subsidiaries of Apax Holdings.
In 2022, according to Mr. Thuy, Apax Holdings targets revenue of 2,119 billion dong, profit after tax of 141 billion dong in 2022, of which the parent company’s individual profit is 170 billion dong.
“In 2020-2021, Vietnam is heavily affected by the pandemic, especially education when schools are closed. We face many difficulties and challenges, but with the spirit of efforts and work, The company has stood firm during the pandemic, turned challenges into opportunities, and has made many strides as a development momentum in its 2022 strategy.
The most difficult period has passed, the moment of recovery has come, this is the growth phase, in 2022 I believe there will be even stronger and more sustainable growth than the golden period 2018-2019 of businesses,” said Mr. Thuy.
Double capital investment in real estate, ambition to export Vietnamese educational products to the world
The leader also emphasized the “Borrow – Win – Lead” strategy with the ambition to bring the world to Vietnam and bring Vietnam to the world in the field of education and training. Specifically, Mr. Thuy has great expectations for the Apax Global system and the plan to export educational products to the world.
Before the pandemic, this strategy was implemented with direct steps (offline) that were sure but rather slow. The pandemic events prompted the company to develop the Apax Global training system, to realize its ambition to develop English training not only in Vietnam but also in countries where English is not the primary language.
“In 2021, Apax established Apax Global, but if developing offline as before, it is very difficult and slow, the pandemic event has prompted Apax to digitally transform, develop online training programs, by This will cover foreign markets very quickly.The first step we want to bring our English brand to countries where English is not the main language like Vietnam, then will invest in educational complexes, Kindergarten system and inter-school system In the first quarter of 2022, Apax can enter the Cambodian market, in the second quarter are Southeast Asia, Dubai and open a branch in South Africa.We now have foreign students. In addition, the immediate goal is 1 million students and later expand to millions of students around the world.
Regarding the feasibility of this strategy, shark Thuy emphasized: “I have seen large US educational corporations, but their educational programs and textbooks are sold and taught in many schools around the world. This is also a very interesting model. With the existing expert model, we are able to build educational programs to go out to the world.”
Another strategy emphasized by Mr. Thuy is educational real estate investment. The president said that the long-term goal of the enterprise is to become a leading education group in Vietnam and Southeast Asia, so the company wants to have 100-year-old schools, an inter-school system. Therefore, Apax Holdings will not only lease educational infrastructure as before, but will combine renting, buying and proceeding to own and exploit educational real estate infrastructure in Vietnam. After building the Firbank Australia inter-school, the company will continue to expand cooperation with partners from the US and Europe towards the goal of 2022-2023, IBC will have 5 inter-school campuses.
“Combining resort projects with education, developing “English villages” in resort projects, bringing education into utilities for residents in these projects. This model is very foreign in foreign countries. develop.
The leadership is negotiating for projects and M&A of some educational projects in some localities such as Hanoi, Ho Chi Minh City, etc. Ho Chi Minh City, Hai Phong, Thanh Hoa, Quang Ninh…”, Mr. Thuy said.
At the 2022 Annual General Meeting of Shareholders, corporate shareholders approved the plan to issue 83.1 million shares (equivalent to VND 831.5 billion) to existing shareholders, at a ratio of 1:1 with par value. price 10,000 VND/share to increase charter capital to 1,663 billion VND. The company is expected to use 300 billion VND to contribute capital to co-invest in real estate projects in Hong Quang Long Hai – Vung Tau tourist area.
The General Meeting of Shareholders has the new leadership of IBC
In 2022, the enterprise will pilot the deployment of high-quality educational experience services at Hong Quang – Long Hai Tourist Area, Ba Ria – Vung Tau Province. This will be a fully English-speaking experience area (English village), families not only have a place to relax, but also an ideal place for their children to experience education during their stay. reside.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
