AsemconnectVietnam - Binh Duong Water Environment Corporation Joint Stock Company (Biwase, code BWE - HOSE) will continue to be the parent company of Biwase Long An Water Joint Stock Company after transferring a part of its capital to Thu Dau Mot Water Joint Stock Company (code TDM - HOSE) to prepare for a plan to continue increasing the capacity of Nhi Thanh water plant.

Biwase plans to transfer a part of its ownership in Biwase Long An Water Joint Stock Company to Thu Dau Mot Water Joint Stock Company.
If the transaction is successful, Biwase will still be the parent company of Biwase Long An Water Joint Stock Company.
In contrast, Thu Dau Mot Water has approved the policy of receiving the transfer of shares in Biwase Long An Water from Biwase shareholders. After the transaction, Biwase Long An Water is expected to become an associate company of Thu Dau Mot Water.
It is known that, as of March 31, 2025, Biwase owns 94.54% of the charter capital at Biwase Long An Water, equivalent to an investment of VND794.7 billion.
Thus, Biwase only transferred a part of its capital at Biwase Long An Water to Thu Dau Mot Water, a unit related to 2 members of Biwase's Board of Directors, Mr. Nguyen Van Tri and Mr. Nguyen Thanh Phong.
Regarding the business situation, in 2024, Biwase Long An Water recorded a total revenue of VND378.93 billion, with a profit of VND19.28 billion. In particular, the business results in 2024 recorded a significant increase in both revenue and profit compared to 2023, along with expansion and operational efficiency.
According to the plan, Biwase Long An Water is expected to increase the capacity of Nhi Thanh Water Plant (Long An) from 60,000 m3/day and night to 120,000 m3/day and night, expected to be completed in the third quarter of 2025 and in the period of 2026 - 2030, Biwase Long An Water will continue to increase the capacity of Nhi Thanh Water Plant to 300,000 m3/day and night.
N.Nga
Source: VITIC/Tinnhanhchungkhoan