Ninh Hoa Sugar gets merger backing

tohang

Shareholders of Ninh Hoa Sugar (NHS), last week approved the merger with Bien Hoa Sugar (BHS) and fixed a swap ratio of 1:1.

Photo nld

HA NOI (Biz Hub) — Shareholders of Ninh Hoa Sugar (NHS), last week approved the merger with Bien Hoa Sugar (BHS) and fixed a swap ratio of 1:1.

Accordingly, Ninh Hoa Sugar will now be fully owned by Bien Hoa Sugar.

The merger aimed to enhance the operational efficiency of both companies while improving the trading liquidity of their shares.

Last year, Ninh Hoa Sugar reported a turnover of US$45 million and after-tax profit of $4 million. The company has targeted earnings of VND1.107 trillion ($52.7 million) in turnover this year.

In the first quarter of this year, its turnover reached VND388 billion ($18.4 million), up 36 per cent over the same period last year. — VNS

  • Share:

see also

SSC strengthens role in mobilising medium and long-term capital

SSC strengthens role in mobilising medium and long-term capital

Strategic efforts in legal framework development, market supervision and technological modernisation played a key role in maintaining stability and investor confidence in 2024.
Market tumbles as liquidity surges

Market tumbles as liquidity surges

Market breadth was overwhelmingly negative, with 244 stocks declining compared to just 71 advancing. Trading value on the southern bourse rose sharply to VNĐ17.8 trillion (approximately US$698.9 million), marking a 40.1 per cent increase from the previous session.
Tasco to issue 179 million shares for subsidiary investments

Tasco to issue 179 million shares for subsidiary investments

The offering is expected to raise VNĐ1.78 trillion, which will be invested in subsidiaries, including Tasco Auto, Tasco Insurance  and VETC JSC.
A year-end surge in property bond issuance amid financial challenges

A year-end surge in property bond issuance amid financial challenges

The trend underscores a sector grappling with financial challenges, while seeking innovative ways to restructure debts, ensure liquidity and stabilise operations in a volatile market.
Market ticks up on back of blue-chip stocks

Market ticks up on back of blue-chip stocks

However, foreign capital continued to flow out of the market, with a total net selling value of nearly VNĐ50.4 billion on the two main exchanges.