Sooner or later earlier than the actual property developer’s shares are formally prepared for public sale, simply 4 buyers registered to purchase a mere 50,000 of Becamex TDC’s 35 million provided shares.
In accordance with the Ho Chi Minh Metropolis Inventory Change, the public sale is anticipated to happen on February 22. Nonetheless, up to now, the 50,000 registered shares equal merely 0.14 per cent of provided shares.
Regardless of Becamex TDC’s place among the many high 10 industrial actual property corporations in 2021, as assessed and ranked by Vietnam Report and media companions, its provided shares face the danger of changing into unmarketable.
In the meantime, Becamex affords these shares on the preliminary worth of VND27,900 ($1.2) per share and is anticipated to accumulate $42.45 million via its gross sales.
In accordance with its plan, in case these shares are unsold, Becamex will proceed to promote the remaining shares to current shareholders, its workers, and different buyers on the promoting worth, which isn’t decrease than the preliminary worth.
In accordance with its 2021 monetary assertion revealed on February 8, the group reported a lower in after-tax earnings within the fourth quarter by 62 per cent on-year to VND331.5 billion ($14.4 million).
For the entire 12 months, the corporate’s revenues had been VND6.95 trillion ($302.17 million), up 7 per cent on-year. In the meantime, after-tax earnings declined by 37 per cent to VND1.37 trillion ($59.56 million).
Inventories account for greater than 42 per cent of belongings, most of that are bills for web site clearance compensation, funding in infrastructure building at tasks, and actual property items.