AsemconnectVietnam - Transimex JSC (code TMS), a major shareholder of Cholon Import-Export and Investment JSC - Cholimex, has just registered to sell 500,000 CLX shares.

The transaction is expected to take place from August 27 to September 25 by negotiation and order matching. Currently, TMS is holding more than 25.28 million CLX shares (29.2%). If the transaction is completed, TMS will reduce its ownership in CLX to more than 24.78 million shares (28.6%).
TMS said the purpose of the transaction is to realize profits and supplement capital for the Company's portfolio of other potential investment projects.
TMS began accounting for the capital contribution of more than VND300 billion to CLX since 2016 in exchange for 35% of CLX shares. But for many years now, Transimex has continuously divested from Cholimex. Most recently, from July 22 to August 21, TMS sold 101,000 shares out of a total of 500,000 CLX shares due to inappropriate market price fluctuations.
Regarding Cholimex's business situation, in the second quarter of 2024, CLX recorded net revenue of VND132.2 billion, up 4% over the same period. Profit after tax reached more than VND48.2 billion, up 9.8%. Parent company's profit reached more than VND48 billion.
Accumulated in the first half of 2024, Cholimex achieved net revenue of VND258.5 billion and profit after tax of VND95.2 billion, up 2.8% and 7.3% respectively over the same period. The parent company alone recorded a profit of approximately VND95 billion.
In 2024, Cholimex has approved the target of total consolidated revenue this year reaching VND660 billion, consolidated profit after tax of VND183.94 billion, a slight increase of less than 2% compared to 2023. Thus, in the first 6 months of the year, CLX has completed nearly half of the annual profit target.
N.Nga
Source: VITIC/Tinnhanhchungkhoan