AsemconnectVietnam - SMC Investment and Trade Joint Stock Company (code SMC - HOSE) replaces Sendo's personnel and adds business lines to its subsidiary, SMC Phu My Equipment - Automation Company Limited.

SMC Investment and Trade has approved the appointment of Mr. Vo Dinh Tuyen (born in 1977) to replace Mr. Nguyen Huu Kinh Luan as General Director and representative of capital contribution at Sendo Steel Pipe Joint Venture Company Limited, effective from August 1, 2025.
In addition, SMC Investment and Trade also added the registered business lines at SMC Phu My Equipment - Automation Company Limited to include real estate business, land use rights owned, used or leased.
It is known that by the end of the first quarter of 2025, SMC Investment and Trade owns 100% of the capital at SMC Phu My Equipment - Automation Company Limited, a unit operating mainly in the production and manufacturing of mechanical machines and spare parts.
Notably, regarding the capital mobilization plan, previously, SMC Investment and Trade approved a plan to privately offer 73 million shares at a price of VND10,000/share to a maximum of 20 investors, raising VND730 billion, implemented in 2025-2026 and the shares are restricted from transfer within 1 year. In particular, the purpose of mobilization is to pay off loans, pay off debts to suppliers and supplement working capital.
Thus, if the issuance is successful, the charter capital will increase from VND736.8 billion to VND1,466.8 billion.
In terms of business activities, in the first quarter of 2025, SMC Investment and Trade recorded a 17.2% decrease in revenue to VND1,846.76 billion, a 99.9% decrease in after-tax profit to VND0.13 billion (in the same period, profit was VND179.41 billion) and gross profit margin decreased from 3% to 2.3%.
In addition, as of March 31, 2025, SMC Investment and Trade still had an accumulated loss of VND 137.7 billion, equivalent to 18.7% of charter capital and was still using VND 854.5 billion of short-term capital to finance long-term assets.
N.Nga
Source: VITIC/Tinnhanhchungkhoan