Hung Thinh Incons will list 25 million stocks on HOSE with stock code as HTN.
On October 24th, Ho Chi Minh City Stock Exchange (HOSE) decided to approve the listing of stock of Hung Thinh Incons Joint Stock Company - the key company of Hung Thinh Corporation in the field of construction.
Accordingly, Hung Thinh Incons will register to list all 25 million circulating stocks, corresponding to charter capital of VND 250 billion. The issued stock code is HTN.
Hung Thinh Incons, formerly known as Hung Thinh Construction Design Co., Ltd. was established in 2007 with an initial capital of VND 5 billion. By May 2017, the company converted into a joint stock company and launched a new brand identity from June 2018. After 3 times of capital increase, the company currently has charter capital of VND 250 billion.
HTN currently has charter capital of VND 250 billion
Over a decade of operation with the main field of investment, design and construction, Hung Thinh Incons is currently the general constructor of nearly 30 projects. The main segment that this unit aims to build is a high-rise residential area (flats / apartment buildings) in Ho Chi Minh City. In addition, HTN also constructed many other types such as urban areas, resort villas, complexes, hotels,... in many provinces across the country such as Ba Ria – Vung Tau, Dong Nai, Binh Thuan, Khanh Hoa, Binh Dinh.
The name of Hung Thinh Incons is known for many outstanding projects which have been handed over such as Thien Nam Apartment, Melody Residences, Sky Center, 8X Plus, Florita, Vung Tau Melody, Golden Bay... In addition, the company is also executing some big projects such as Q7 Saigon Riverside Complex, SaigonMia, Richmond City, Lavita Charm, 9View Apartment, Moonlight Residences, Moonlight Park View, Moonlight Boulevard…
Regarding business operations, the company recorded consolidated revenue after tax in 2017 of VND 2,700 billion, profit after tax reached VND 110 billion. Thus, HTN revenue increased by 11 times and profit increased by more than 9 times compared to 2015.
Revenue and profit of HTN increased strongly. Unit: billion Vietnamese dongs
Results of the first 9 months of 2018, Hung Thinh Incons achieved more than VND 2,590 billion in revenue. Profit after tax recorded VND 114.5 billion. 9-month EPS reached VND 3,994, which was a relatively high figure compared to many enterprises in the construction and real estate sector.
In 2018, the company set revenue target of VND 4,054 billion and profit after tax of VND 180 billion, an increase of 50% and 64% respectively compared to the previous year. The company planned to profit VND 66 billion in the fourth quarter of 2018 and would exceed the yearly target.
Currently, HTN is a member company which plays an important role in Hung Thinh Corp's real estate supply chain and always receives effective and quick support. Mr. Nguyen Dinh Trung - Chairman of BOD of Hung Thinh Incons and Chairman of BOD of Hung Thinh Corp.
The current shareholder structure of the Company includes Hung Thinh Corp accounting for 25% of capital, Hung Thinh Land owning 24%, Chairman Nguyen Dinh Trung holding 16.8% of charter capital and over 300 other shareholders.
Vung Tau Melody – One of the projects generally constructed by Hung Thinh Incons has been handed over to customers.
By cafef.vn
Related news:
- https://thoibaokinhdoanh.vn/co-phieu/hung-thinh-incons-duoc-chap-thuan-niem-yet-1052022.html
- http://www.tbck.vn/25-trieu-co-phieu-cua-hung-thinh-incons-se-chao-san-hose-vao-ngay-1211-21762.html
