TCH: ĐHĐCĐ Hoàng Huy TCH - Chào bán 200 triệu cổ phiếu cho cổ đông hiện hữu

Key Points

• Hoàng Huy TCH (TCH) plans to offer 200.4 million shares to existing shareholders, raising approximately VND 2,004.65 billion.
• Funds will primarily invest in Hoang Huy Green River and Hoang Huy Commerce projects in Hai Phong.
• TCH will also invest VND 800 billion to increase its stake in HHS, a subsidiary, to 58.31%.
• This investment allows HHS to gain majority control (51.03%) of CRV, a real estate developer with significant projects in Hai Phong.

Detailed Summary

• Hoang Huy TCH's extraordinary shareholders' meeting on May 9th, 2025, approved a plan to issue 200.4 million shares (30% of outstanding shares) at VND 10,000/share. This aims to raise VND 2,004.65 billion.
• VND 1,200 billion will fund the Hoang Huy Green River urban project, while VND 804.65 billion will go towards the H2 building in the Hoang Huy Commerce project.
• The company's investment projects have significantly expanded since 2016, necessitating increased capital. Total investment has risen from VND 5,193 billion in 2022 to VND 24,504 billion currently.
• TCH's subsidiary, HHS, also issued 64 million shares at VND 12,500/share, raising VND 800 billion. This will be used to acquire a 7.45% stake in CRV, a real estate developer, giving HHS a 51.03% stake in CRV.
• CRV owns major projects in Hai Phong, including Hoang Huy – So Dau, Hoang Huy Commerce, and Hoang Huy New City.

Conclusions

• Hoang Huy TCH is significantly expanding its capital to support major real estate projects in Hai Phong.
• The investment in HHS and subsequently CRV strengthens TCH's position in the Hai Phong real estate market.
• The capital increase reflects the company's ambitious growth strategy and confidence in its future projects.