The State Securities Commission has issued a certificate enabling Sunshine Group to issue 600 million shares worth a total of 6 trillion VND. This stock issuance aims to exchange shares of Sunshine Homes (SSH) at a ratio of 1:1.6, as part of the merger plan between the two companies. If successful, Sunshine Group’s charter capital will increase to 9 trillion VND, resulting in a market capitalization of 59 trillion VND, or approximately 2.3 billion USD. Sunshine Group expects revenues in 2025 to reach 50-60 trillion VND, with profits over 10 trillion VND. The growth driver stems from the expansion of land reserves and project portfolios through aggressive M&A, along with acquiring the Ocean Resort project in Vung Tau.
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