Dat Phuong Group has held an extraordinary General Meeting of Shareholders and approved a plan to issue 17,788,064 shares to increase its charter capital to 1,185.9 billion VND. The share issuance aims to strengthen financial capacity for investment projects, especially the Binh Duong resort complex project, with 48% of the raised funds allocated for this project, 18% for the ultra-white glass factory investment, and 34% for working capital and equipment enhancements. The group targets an annual growth of 20-25% and is also expanding into green energy industries. The private placement will be priced at no less than 1.5 times the book value of the shares. The implementation is expected in 2025 or 2026, pending approval from the State Securities Commission.
Leave a Reply