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VIETNAM CONSTRUCTION AND IMPORT-EXPORT JOINT STOCK CORPORATION

(VCG)
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Vietnam Construction and Import-Export Joint Stock Corporation completed the acquisition of 12.86% minority stake in Northern Electricity Development and Investment Joint Stock Company No. 2 from a group of investors.

06/23/2021 EDT

Vietnam Construction and Import-Export Joint Stock Corporation (HOSE:VCG) agreed to acquire additional 12.86% minority stake in Northern Electricity Development and Investment Joint Stock Company No. 2 from a group of investors on February 27, 2021. After completion of the transaction Vietnam Construction and Import-Export Joint Stock Corporation will hold 51.1% stake in Northern Electricity Development and Investment Joint Stock Company No. 2. On February 27, 2021, Board of Directors of Northern Electricity Development and Investment Joint Stock Company No. 2 has submitted the report in 2021 annual general meeting of shareholders to approve the transaction. Vietnam Construction and Import-Export Joint Stock Corporation (HOSE:VCG) completed the acquisition of 12.86% minority stake in Northern Electricity Development and Investment Joint Stock Company No. 2 from a group of investors on June 23, 2021.


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Financials
Sales 2020 5 551 B 244 M 244 M
Net income 2020 1 605 B 70,6 M 70,6 M
Net Debt 2020 813 B 35,8 M 35,8 M
P/E ratio 2020 12,6x
Yield 2020 2,60%
Capitalization 20 116 B 882 M 885 M
EV / Sales 2019 1,49x
EV / Sales 2020 3,49x
Nbr of Employees 2 978
Free-Float 25,9%
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Managers and Directors
Dong Xuan Nguyen General Director & Director
Thanh Ngoc Dao Chairman
Mau Van Duong Director & Deputy General Director
Anh Tuan Bui Director
Toi Huu Nguyen Director & Deputy General Director