CRV Group, led by Chairman Đỗ Hữu Hạ, announced the offer of 16.81 million shares at 26,000 VND/share, amid a 25% drop from the peak of 40,900 VND to 30,700 VND. The offering will take place from December 15, 2025, to January 8, 2026, with a rights ratio of 40:1. The expected capital raise is over 437 billion VND, intended for the Hoàng Huy New City – II project in Haiphong.
CRV’s financial situation was poor in the first half of fiscal year 2025, with revenue down 80% and profit down nearly 76% year-on-year, mainly due to completed old projects. However, the company expects to begin recording revenue from new low-rise products in late 2025. As of September 30, 2025, total assets had increased to over 10.4 trillion VND, with nearly 2 trillion VND in cash and bank deposits, indicating safe financial health.
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