Hapaco eyes investment in VND4-trillion wind power project

Thursday, Feb 18, 2021 09:30

A wind power project in Gia Lai. — Photo gialai.gov.vn

The Hapaco Group JSC is planning to invest VND4 trillion (US$174.1 million) in a wind power project in the Central Highlands province of Gia Lai.

The project is among those to be submitted for approval at the group’s annual shareholders’ meeting, which is slated for March 14.

The meeting will also discuss investment in building a 23-ha care centre for the elderly in the northern city of Hai Phong City’s Thuy Nguyen District as well as Hapaco’s new development orientations in social housing and guest worker services.

Hapaco (stock code HAP) was one of the first listed on local stock market. As of December 31 last year, its total assets exceeded more than VND808 billion.

Last year, the group reeled in VND335 billion in revenue, a yearly decrease of 11 per cent. Its after-tax profit, meanwhile, hit VND34.3 billion, up 69 per cent year-on-year. — VNS


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