Hoang Anh Gia Lai Joint Stock Company will sell more than 48.1 million shares of its subsidiary HAGL Agrico (HNG) from January 17 to February 15 to pay debt. Hoang Anh Gia Lai will sell over 48 million HNG shares to pay debts. – Photo: VNN If the share sale is successful, Hoang Anh Gia Lai’s ownership at HAGL Agrico will decrease from 16.07% to 11.73%. From November 2021 until early this week, both HAG and HNG shares grew strongly. HNG surged nearly 72% to VND13,500. However, HNG dropped to the floor price at VND11,200 today. At this price, Hoang Anh Gia Lai would get some VND540 billion from 48.1 million HNG shares. At its recent shareholders’ meeting, the company affirmed that financial restructuring will be one of its major tasks this year. Hoang Anh Gia Lai seeks to reduce its debt to VND5 trillion. As of the end of the third quarter last year, Hoang Anh Gia Lai had approximately VND8,320 billion worth of debt. The company targets its revenue and profit at … [Read more...] about HAGL sells over 48 million shares to pay debts
Lg smart share download
School reopening is a legitimate desire of both parents and teachers. The Hanoi Department of Education and Training is seeking the municipal authorities’ permission to let all students between 7th and 12th grades return to school after the Tet holiday, according to Tran The Cuong, the department’s director. "The final decision would be taken in accordance with the coronavirus situation and student vaccination rate," Cuong noted. He added that most residents of Hanoi have been injected with the second. Schools are ready for both face-to-face and online teaching scenarios as well as pandemic prevention plans to ensure students' health at home and at school. Cuong said his department is developing options to submit to the Hanoi People’s Committee. 9th graders in Tam Dong Secondary School, Me Linh District, Hanoi return to school on Nov 22, 2021. Photo: Khanh Huy “Hanoi will let students of other grades resume in-person schooling only when safety is … [Read more...] about Hanoi’s students may return to school after Tet holiday
Deputy Chief of the General Staff Lieutenant General Huynh Chien Thang made the request while visiting and inspecting Regiment 9’s observance of combat readiness regulations on January 14. He also requested the unit to overcome shortcomings, continue studying and realizing higher levels’ resolutions and directives, and strictly carry out combat readiness mission in line with the real situation of the locality and the unit and the developments of the pandemic. The deputy chief of General Staff emphasized that Regiment 9 should accurately evaluate situation to complete its training plan and cooperate with other forces to patrol to ensure security before, during, and after the lunar New Year holidays. General also requested the unit to cooperate with localities to strictly carry out the enlistment work in 2022 and prepare for the upcoming training season. He also urged the regiment to provide financial support for troops and collectives participating in pandemic prevention and … [Read more...] about General Staff inspects military units’ observance of combat readiness regulations
Tan Hoang Minh won the bid in a ‘duel’ to buy the 3-12 land plot in Thu Thiem new urban area in HCM City, but finally gave up. On January 11, Tan Hoang Minh issued a press release, saying that it will send an official document to HCMC People’s Committee, Land Bank Development Center and HCMC Property Auction Service Center about its decision on unilaterally terminating the contract on the purchase of the 3-12 land plot. The contract was signed on December 17, 2021, or one working week after the auction day (December 10, 2021). During the auction four land plots were sold. This means that if Tan Hoang Minh cancels the purchase of the land, it will lose the deposit of nearly VND600 billion. A question has been raised about the ‘fate’ of the land plot, called ‘golden land’ because of its advantageous position. Some people said the land may fall into the hands of the business with the second highest bidding price at the auction. The auction session was described as … [Read more...] about What’s behind Tan Hoang Minh’s sky-high bidding price?
Amid rapid economic recovery following the COVID-19 pandemic, Vietnam’s foreign direct investment (FDI) attraction this year is anticipated to record positive signs and hit US$40 billion, according to insiders. Goertek Group has increased its investment capital to US$500 million in a factory specialising in manufacturing electronic products, network equipment, and multimedia audio products in Nghe An (Photo: baodautu.vn) Last year, despite the adverse impacts caused the pandemic, the country was still able to attract US$31.15 billion in FDI, representing an annual rise of 9.2%. Most notably, China's Goertek Group recently moved to increase its capital from US$100 million to US$500 million in a factory specializing in manufacturing electronic products, network equipment, and multimedia audio products in the central province of Nghe An, thereby becoming the largest investor in the locality. Furthermore, Ju Teng International Holdings Ltd has been granted … [Read more...] about Vietnamese FDI attraction likely to hit US$40 billion this year
Given the severe impact of COVID-19, the National Assembly’s recent approval of a VND350 trillion (US$15 billion) economic recovery package is considered by businesses and experts as an extremely important leverage and motivation moving forward. Businesses long for the US$15 billion bailout package to be soon disbursed to support their ailing operation. Businesses expect early disbursement Luu Ngoc Nam, the owner of a firm specialising in food, industrial catering, transportation, and warehousing in Hanoi, said that his businesses has almost been exhausted because of COVID-19. But he felt more motivated upon hearing that the national legislature has just approved a VND350 trillion economic recovery package. “We are very pleased and hopeful that conditions for accessing this package will be easier. The State should create favourable conditions for businesses like us to get support in a quick and effective manner,” said Nam. Similarly, Nguyen Anh Tu, director of … [Read more...] about US$15 billion bailout package a stimulus to economic recovery