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An artist’s impression of an city advanced to be constructed by Hoa Binh Building Group in District 12, Ho Chi Minh Metropolis. Photograph courtesy of the corporate
Chairman of Hoa Binh Building Group Le Viet Hai has registered to purchase 10 million firm shares to “stabilize worth[s]” after its worth dropped by half this yr.
Hai additionally seeks to put money into his personal firm by the acquisition, set to happen from June 23 to July 22, he informed the Ho Chi Minh Inventory Change (HoSE) in a submitting.
If profitable, Hai would improve his possession in Hoa Binh from 15.84 p.c to 19.91 p.c.
HBC fell to the bottom since October final yr on Monday when it recorded its seventh dropping session in a row.
It has misplaced over 50 p.c for the reason that starting of the yr.
The inventory recorded Tuesday with a 6.8 p.c rise.
Hoa Binh targets a income progress of 54 p.c to VND17.5 trillion ($744.68 million) this yr, whereas it eyes to carry revenue up 261 p.c to VND350 billion.
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