Dabaco Vietnam Group Joint Stock Company (Ticker: DBC) recently reported on the capital utilization from its 2024 share issuance. The company sold nearly 80.7 million shares to existing shareholders and 12 million shares through the ESOP program, raising over 1.33 trillion VND. However, as of February 28, 2025, only about 706.1 billion VND has been disbursed, leaving 623.9 billion VND unspent. Notably, Dabaco has not disbursed 535.3 billion VND planned for working capital for the soybean oil factory project. The company plans to hold its annual general meeting in April 2025 with a revenue target of 28.759 trillion VND and a net profit of 1.007 trillion VND, a 30% increase from 2024. The board of directors has also approved borrowing from banks to support business operations.
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