AsemconnectVietnam - Phan Vu Investment Joint Stock Company has just announced periodic financial information in accordance with regulations related to the offering and trading of individual corporate bonds.

According to the announced information, in the first half of 2024, Phan Vu's equity was VND1,785.8 billion, down 1.8% compared to the same period last year.
The debt/equity ratio in the first half of the year was 1.5 times, unchanged compared to the same period last year. Accordingly, Phan Vu Investment currently owns liabilities of VND2,678.7 billion.
The outstanding bond debt/equity increased from 0.14 times in the previous period to 0.15 times in the first half of 2024, corresponding to a bond debt balance of VND267.8 billion.
Notably, in the first half of 2024, Phan Vu Investment recorded a negative profit after tax of VND32.4 billion, while the previous period's profit after tax was VND4.1 billion. Phan Vu's business situation has declined in recent years, especially since the pandemic appeared.
According to information published on the Hanoi Stock Exchange (HNX), Phan Vu Investment currently owns 2 bond lots. Of which, bond code PVICH2328001 is worth VND 110 billion, issued on January 30, 2023, with a term of 5 years and an interest rate of 10.5%/year. According to the issuance documents, the purpose of using the capital is to restructure the debt of the issuer, specifically to pay the debt due to Phan Vu Long An LLC. The sole purchaser is Asia Pile Holdings, a Japanese company operating in the same industry.
With the successful issuance of bond lot PVICH2328001 at the end of January 2023, Phan Vu Group became the only enterprise to successfully issue individual bonds in January 2023 on the market.
Previously, Phan Vu successfully issued bond code PVICL2025001 on June 10, 2020, due June 10, 2025, issuance interest rate 6.5%, issuance value VND150 billion. Both bond lots are unsecured bonds.
Phan Vu Group specializes in the field of concrete piles, precast concrete, infrastructure - traffic components... Established in 1996, the predecessor is Phan Vu Production and Construction Company Limited.
Among the subsidiaries of Phan Vu Group, Fecon Minerals Joint Stock Company (FCM) is the most familiar name. This is a company that is listed and trading shares on the HOSE with the code FCM, a former member of Fecon Group.
Phan Vu Group became the parent company of FCM in September 2018, after being selected as a strategic investor and being allowed to carry out transactions to transfer more than 20 million FCM shares, equivalent to 51% of charter capital without having to conduct a public offering as prescribed.
N.Nga
Source: VITIC/Tinnhanhchungkhoan