AsemconnectVietnam - After Hapaco Group Corporation (code HAP) divested, Green International Hospital Corporation will no longer be a subsidiary of Hapaco.

The Board of Directors of Hapaco Group has just announced a resolution on transferring 21.19 million shares, accounting for 35.31% of the charter capital of Green International Hospital at a price of no less than VND20,000/share. It is estimated that the minimum amount Hapaco will collect is nearly VND424 billion.
Hapaco said that the transfer of shares at Green International Hospital is to focus resources on the 50,000 tons/year Tissue Paper project and the Hapaco Social Housing Project.
After the transfer, the number of shares Hapaco holds at Green International Hospital decreased to 29.7 million shares, accounting for 49.5% of the capital here, and Green International Hospital is no longer a subsidiary of Hapaco.
Thus, excluding Green International Hospital, Hapaco will have 5 subsidiaries including: Hai Phong Paper Joint Stock Company; Hapaco Yen Son Company Limited; Hapaco Dong Bac One Member Co., Ltd; Hai Ha Joint Stock Company and Hapaco Hai Phong Paper Joint Stock Company.
According to the 2025 semi-annual business report, Hapaco recorded net revenue of VND285 billion, an increase of 74% over the same period. However, the Company lost nearly VND14 billion (in the same period, it made a profit of more than VND5 billion); the main reason was having to allocate commercial advantages when buying more shares of Green International Hospital; while the business activities of the subsidiaries recorded a better performance.
In 2025, Hapaco set a revenue target of VND671 billion and pre-tax profit of VND110 billion, so with the loss in the first half of the year, the Company is still far from the annual plan.
N.Nga
Source: VITIC/Tinnhanhchungkhoan