Everland increased charter capital by 900 billion VND

Looking back at the mark of 2021

In 2021, although the Covid-19 epidemic broke out across the country, severely affecting businesses and people, for Everland Group, 2021 is still a year with many successes.

According to information from EVG, the consolidated financial statements for 2021 have been audited, EVG’s total revenue reached VND 968.37 billion, pre-tax profit reached VND 29.78 billion, total assets reached VND 2,030 billion, equity reached VND 1,566 billion, a fairly high growth compared to 2020.

In addition, the basic financial indicators are at a safe level, the receivables and payables are under control, the inventory value has decreased, the credit balance is close to zero. Up to now, EVG has not used financial leverage and has not used corporate bonds to raise capital, but mainly used equity for investment activities. This is rare in the market for a listed company with similar investment scale as EVG today.

In 2021, EVG also completed the procedure to increase charter capital to VND 2,152 billion to meet the investment capital needs of real estate projects that the group is implementing and partly to supplement the working capital of the company. Coporation, group.

2022: Expected revenue and profit

EVG’s business plan for 2022 was approved by the Annual General Meeting of Shareholders with breakthrough growth targets: Total consolidated revenue reached VND 2,200 billion; total assets reached 4,200 billion dong; pre-tax profit reached 127.9 billion dong; profit after tax reached 102.3 billion dong. According to EVG’s assessment, these targets are entirely feasible given the strong recovery of the economy, the warming of real estate, construction, tourism and service markets. creating favorable conditions for EVG to promote its core business areas.

In 2022, EVG is expected to accelerate the implementation of a series of real estate projects in Quang Ninh, Vinh Phuc, Quang Ngai, Phu Yen, Khanh Hoa, Dong Thap… and start selling real estate products in a number of locations. eligible project. Thereby, a significant proportion of real estate revenue will be recorded in the revenue structure of the group.

Catching the wave of tourism recovery after the Covid-19 pandemic, EVG and its member companies will launch attractive new tour products, associated with the brands Crystal Holidays, Avtive Travel Asia, Mekong Rustic…

In addition, EVG also develops many new and unique types of travel services to meet the needs and tastes of domestic and foreign tourists. The tourism and service sectors are also expected to contribute significantly to EVG’s revenue and profit growth.

Issuing 900 billion dong of shares to raise capital

With the scale of urban real estate and resort projects being deployed up to thousands of hectares nationwide, the need for investment capital is very large, while EVG’s strategy has always been Currently, it is always limited to use financial leverage and bond tools, but prefer to use equity.

To meet that requirement, EVG’s Annual General Meeting of Shareholders also approved a resolution on the issuance of an increase in charter capital by VND 900 billion (equivalent to 90 million shares) in the form of a private placement. in 2022. The proceeds from the issuance will be used to supplement capital for the implementation of Crystal Holidays Harbor Van Don (Quang Ninh) tourism, resort and entertainment complex project which is currently under construction. and an additional part of working capital.

Electing the Board of Directors and Supervisory Board for the new term

Another important content is that the 2022 Annual General Meeting of Shareholders elected the Board of Directors for the term 2022-2027 to replace the Board of Directors whose term has expired and elected members of the Supervisory Board for the 2017-2022 term.

According to the election results announced at the General Meeting, the newly elected Board of Directors consisted of 5 members. In which, 4 members of the Board of Directors were re-elected for the 2017-2022 term, including Mr. and Mrs. Le Dinh Vinh, Nguyen Thuc Can, Duong Thi Van Anh and Le Dinh Tuan, and 01 newly elected independent member of the Board of Directors, Mr. Ngo. Viet Hung. At the same time, two members of the Supervisory Board for the 2017-2022 term were also re-elected as members of the Supervisory Board for the 2022-2027 term, Mr. Nguyen Ha Nguyen and Ms. Nguyen Minh Hue.

The newly elected members of the Board of Directors and Supervisory Board are committed to jointly shoulder the important responsibility of accelerating EVG’s rapid and breakthrough development in 2022 and the following years to become an investor in developing the ecosystem. Real estate, professional tourism, prestige in the market.

PV