After selling the ‘rice cooker’ for hundreds of billions, the ‘tycoon’ in Gia Lai continued to sell the BOT and BT company for nearly 530 billion to the same buyer

CTCP Alpha Seven (HNX: DL1) held its annual general meeting, approving a revenue plan of 1,200 billion VNĐ and a post-tax profit of 120 billion VNĐ for 2024. The meeting discussed a 10% stock dividend and plans to publicly issue nearly 64 million shares. Notably, DL1 will spend 529.5 billion VNĐ to acquire 70.6% of shares from BOT and BT Đức Long Đắk Nông. The company holds substantial assets, including expansion of its bus station and the electronic component production affected by US import tariffs. DL1 also decided to withdraw from real estate by divesting its stake in Vạn Gia Long investment company, selling to Nguyễn Đức Toàn for 340 billion VNĐ, below the book value. The DL1 leadership promised to pursue M&A on more promising projects after divestment.