AsemconnectVietnam - Duong Hieu Trading and Mining Development Joint Stock Company (code DHM) has just announced the Board of Directors' Resolution on approving the preliminary summary of the Company's situation and operation plan.

Accordingly, the Company's total revenue by the end of August 2024 reached VND2,498.6 billion, exceeding 5% of the plan of VND2,370 billion. Meanwhile, the total profit by the end of August reached approximately VND3.3 billion, reaching 45% of the plan, equivalent to more than VND7.4 billion.
It is expected that in September, the total revenue of the enterprise will reach more than VND296.2 billion and the total profit in September will reach VND925 million. In the fourth quarter of 2024, the Company expects total revenue to reach nearly VND889 billion and profit to reach nearly VND2.8 billion.
The Company also approved a plan to purchase real estate for investment purposes, including apartments at the Crown Villas Urban Area Project in Thai Nguyen with an expected number of apartments to be purchased of 14. The total maximum investment capital is not more than VND148 billion from the Company's own capital or borrowed capital. Implementation time is in 2024.
Regarding personnel, DHM has just received the resignation letter from Mr. Nguyen Quang Giang as a member of the Board of Directors for personal reasons. The Company said that it will report to the General Meeting of Shareholders to approve this dismissal and elect additional replacement members at the nearest General Meeting of Shareholders. During this time, Mr. Giang will hand over all the work he is in charge of to Ms. Nguyen Thi Dung, Member of the Board of Directors and General Director of DHM to take over.
Regarding the capital increase plan, DHM said that currently, the necessary procedures for issuing shares to increase charter capital from the source of equity are being continued to be implemented, expected to be completed in the fourth quarter of 2024. After the capital increase issuance ends, the Board of Directors will review and evaluate the capital demand, thereby developing the next roadmap for the private offering of shares.
According to the plan approved at the 2024 General Meeting of Shareholders, DHM plans to issue more than 3.1 million shares to existing shareholders, at a rate of 10%. The total issuance value at par value is nearly VND31.4 billion, the issuance capital comes from the development investment fund (more than VND31 billion) and undistributed profit after tax as of December 31, 2023.
For the private issuance plan, the Company plans to issue nearly 17.3 million shares to professional securities investors, the issuance rate is 50% with an issuance price of VND 11,500/share. The total amount of money raised is expected to be approximately VND198.6 billion, which the Company will use to pay off bank loans and repay suppliers. After the successful issuance, the Company's charter capital is expected to increase to VND518 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan