The transaction is expected to be carried out from September 25 to October 22, 2024 through negotiation and order matching.
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| Mr. Pham Ngoc Quynh - Member of the Board of Directors and Director of Vegetable and Fruit Port registered to buy 11% of capital. |
Mr. Pham Ngoc Quynh - Member of the Board of Directors and Director of Vegetable and Fruit Port Joint Stock Company (code VGP, HNX floor) has just registered to buy 862,759 shares, equivalent to 11.02% of the capital of this enterprise for investment purposes.
The transaction is expected to be carried out from September 25 to October 22, 2024 through negotiation and order matching.
Mr. Quynh currently holds 416,000 shares, equivalent to 5.32% of the company's capital. If the transaction is successful, Mr. Quynh will increase his ownership in VGP to nearly 1.3 million shares, equivalent to 16.34%, and become the largest shareholder of this company.
Previously, in April 2024, Mr. Quynh bought 221,000 VGP shares. After this transaction, Mr. Quynh increased his ownership in the company from 195,000 shares (2.49%) to 416,000 shares (5.32%), thereby officially sitting in the seat of major shareholder.
Currently, the company's largest shareholder is Ms. Tran Thi Anh Tho. Ms. Tho has just left the position of Chairwoman of the Board of Directors of the company since June 2024. Previously, Ms. Tho was elected to the Board of Directors at the General Meeting of Shareholders on September 20, 2020. On June 28, 2023, she was elected to the position of Chairwoman.
Mr. Pham Ngoc Quynh was born in 1984, with a Bachelor of Law degree. He was appointed to the Board of Directors on August 21, 2018, and 2 days later officially became the CEO and legal representative.
The predecessor was the Vegetable and Fruit Logistics Enterprise, under the Vietnam Vegetable and Fruit Corporation, this unit officially came into operation on July 1, 1991. Since 1996, the Vegetable and Fruit Logistics Enterprise has been transformed into the Vegetable and Fruit Logistics Company, expanding its business activities in the following years by building 3 buoys and extending the wharf, investing in cold storage and building more dry storage... Vegetable and Fruit Port Joint Stock Company officially came into operation on May 25, 2001. This enterprise is also the first port to equitize in the port system in the Ho Chi Minh City area. Vietnam Vegetable and Fruit Corporation completed all capital divestment in 2018.
In the second quarter of 2024, net revenue decreased by 1.58% year-on-year to VND 2,734 billion, cost of goods sold decreased by 1.48% year-on-year. As a result, gross profit decreased by 49%. Business administration expenses increased by 26.22% year-on-year. Meanwhile, selling expenses increased by 11.06% year-on-year. As a result, the company recorded a profit after tax of VND 7.04 billion, down 3.71%. In the first half of the year, revenue reached VND 4,416.03 billion, accumulated profit reached VND 7.39 billion, down 3.73% year-on-year.
In 2024, the company targets total revenue of nearly VND 12,023 billion, down 8% compared to 2023, and after-tax profit remains unchanged at nearly VND 17.2 billion. The company is expected to continue to have changes in its leadership team, and plans to increase capital strongly by issuing more than 7.8 million shares in 2024 or 2025. In addition, VGP also plans to recover bad debts and overdue debts of Otrans Company and Vinalimex Company. At the end of 2023, VGP recorded bad debts of nearly VND 29 billion with Otran Southern Joint Stock Company and VND 14 billion with Ho Chi Minh City Cashew Nuts and Agricultural Products Import-Export Joint Stock Company (Vinalimex).
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| VGP stock trading. |
Vegetable Port's shares are always in a state of very low liquidity. Currently, VGP shares are trading at 29,800 VND/share, which is the same as at the end of last year.
Source: https://baodautu.vn/mot-ca-nhan-muon-so-huu-hon-16-cang-rau-qua-d225819.html
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