ThaiHoldings of elected Thuy returned 840 billion VND to Tan Hoang Minh

The Board of Directors of Thaiholdings Joint Stock Company (stock code: THD) has just issued a resolution approving the plan to revise the audited financial statements for 2021.

Accordingly, in compliance with Official Dispatch No. 1428/CV-CSKT-P10 of the Police Department to investigate crimes on corruption, economy and smuggling of the Ministry of Public Security (C03), Thaiholdings approved the plan of Thaigroup Group (Company). a subsidiary of Thaiholdings) to refund the transaction amount from Tan Hoang Minh Hotel Trading Service Company Limited in accordance with the law.

It is known that the refund amount is up to 840 billion VND. Thaigroup received shares of Binh Minh Group Joint Stock Company (Owner of 11A Cat Linh project) with legal documents and certificate of land use rights of the project.

11A Cat Linh project is considered by investors as a land plot with a prime location in Hanoi, with an area of ​​2,505 m2 and located at the intersection of Cat Linh – Dang Tran Con.

In the financial statements of Thaiholdings, it is expected that the profit after tax target will be adjusted from VND 1,156 billion to VND 424 billion.

In 2022, Thaiholdings targets revenue of VND 8,880 billion and pre-tax profit of VND 1,503 billion. The company plans to increase charter capital through paying a dividend of 60% of accumulated profit after tax in 2021, and will conduct an IPO as well as increase Thaigroup’s charter capital in the second quarter of 2022.

On the exchange, THD stock, after peaking in mid-January with 258,000 dong/share, dropped more than 70% to 75,300 dong/share (May 17) after about 4 months.

ThaiHoldings of elected Thuy returned 840 billion to Tan Hoang Minh - Photo 1.

THD stock price has been falling continuously for the past 4 months

According to the document of the General Meeting of Shareholders, the Board of Directors of Thaiholdings Joint Stock Company (MCK: THD) proposed to shareholders to approve the transfer of shares of 13 shareholders to Mr. Nguyen Duc Thuy (commonly known as Bau Thuy – Vice Chairman of LienViet. PostBank is also the largest shareholder of Thaiholdings).

Accordingly, elected Thuy will offer to buy 52.5 million shares, equivalent to 15% of Thaiholdings’ capital, thereby raising the ownership rate to 40.1%, equivalent to holding more than 140 million shares. The transaction method is an agreement, expected to be implemented in the second and third quarters of 2022 if approved by the General Meeting of Shareholders.

Regarding the Thaiholdings system, at the end of 2021, elected Thuy has completed the registration procedure for the establishment of Thaispace Joint Stock Company with a charter capital of up to 26,688 billion VND.

In which, elected Thuy directly contributed 20,016 billion VND, accounting for 75% of the capital. The two eldest children of elected Thuy, Nguyen Ngoc My Anh and Nguyen Xuan Thai, each contributed 2,668 billion VND, equivalent to 10% of the capital. The remaining 5% of capital is contributed by Thaiholdings JSC

According to Anh Minh

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