CEN Invest lost more than VND30 billion in the first 6 months of 2023Saturday, September 23,2023
AsemconnectVietnam - On September 7, 2023, Century Real Estate Investment and Development Joint Stock Company (CEN Invest) has just announced periodic information about its financial situation to the Hanoi Stock Exchange (HNX).
According to the information disclosure on the financial situation of the first 6 months of the year (from January 1, 2023 to June 30, 2023), CEN Invest Company said that, as of June 30, 2023, equity Company ownership reached more than VND2,694 billion, down 3% compared to the same period last year. Liabilities increased nearly 20% to VND6,750 billion, 2.5 times higher than equity.
CEN Invest's outstanding bond debt as of June 30, 2023 is VND1,050 billion, unchanged compared to the same period last year. Outstanding bond debt/equity is 0.39.
CEN Invest's profit after tax in the first 6 months of 2023 recorded negative VND30.9 billion. The profit after tax/equity ratio (ROE) is negative 1.15%.
Regarding the bond issuance situation, in 2020-2021 CEN Invest issued a total of 9 bond lots to mobilize VND1,050 billion.
Specifically, on August 31, 2020, CEN Invest successfully mobilized 8 lots of bonds with codes from CIV202001 to CIV202008, due on August 31, 2023, with a total face value of VND400 billion and all have an interest rate of 10 .5%/year, with VNDirect Securities Joint Stock Company as the depository organization.
On October 13, 2021, CEN Invest had a batch of bonds worth VND650 billion issued to mature on October 13, 2024, with an interest rate of 10.5%/year. This is a batch of non-convertible bonds, without warrants, and with collateral.
The collateral for the bond lot at the issuance date is 22.8 million CRE shares of Century Real Estate Joint Stock Company (CenLand); 22.7 million CRE shares waiting to be returned (shares obtained by exercising the right to buy additional shares issued by Century Real Estate Joint Stock Company); The 1.37 million CRE shares waiting to be returned are stock dividends of Century Real Estate Joint Stock Company).
CEN Invest is a subsidiary of CEN Group established in 2012, headquartered at 63, Le Van Luong Street, Trung Hoa Ward, Cau Giay District, Hanoi with a charter capital of VND2,000 billion. The legal representative is Mr. Vuong Hong Khanh, General Director. CEN Invest's business fields are real estate, real estate brokerage services and building exploitation and management.
Projects in which CEN Invest is the investor include Binh Minh Garden, Parkview Residence; The K-Park; Lotus Garden (Dong Ky, Bac Ninh)...In which the Binh Minh Garden project (Long Bien, Hanoi) has been involved in a scandal with customers reporting slow handover on schedule.
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