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According to the previous plan, An Giang Lottery Company is expected to competitively offer over 3 million shares of AFX, equivalent to 8.63% of the capital. These shares will be consolidated into a single lot and offered for sale with a starting price of nearly VND 60 billion, equivalent to an average price of VND 19,383 per share – 2.2 times higher than the market price of AFX on the morning of February 16 (VND 8,900 per share). By the end of the registration and deposit period (4:00 PM on January 31, 2024), no investors registered to participate in the competitive sale of shares by An Giang Lottery Company at AFX.
Due to the lack of conditions to organize, Ho Chi Minh Stock Exchange (HOSE) announced the cancellation of the above-mentioned competitive sale. This also means that the full divestment of AFX shares by An Giang Lottery Company has been unsuccessful for the third time.
Earlier, An Giang Lottery Company failed to divest its shares at AFX twice at the end of 2022 and 2023 due to the same reason “the registration period expired but no investors registered to participate.”
On February 15, An Giang Lottery Company registered to competitively offer the entire lot of over 3 million shares of AFX, equivalent to 8.63% of the capital. The starting price remains around VND 60 billion. The results of this sale have not been announced yet.
* Agricultural and Food Export Import Company An Giang (AFX) was established in 1990 and its main activities are processing animal feed and trading in grain processing. The company’s headquarters is located at 2045 Tran Hung Dao, Thanh An Ward, My Tho City, An Giang Province.
AFX’s charter capital is currently VND 350 billion, with three major shareholders including An Giang Lottery Company holding 8.63%, Chairman of the Board of Directors Dang Quang Thai holding 8.14%, and Vietnam Financial Services and Debt Trading Company Limited holding 6.5%.
In terms of the business results in 2023, AFX achieved revenues of VND 2,137 billion, up 33% compared to the same period. However, after-tax profit decreased by 7% to VND 26.5 billion, as there was no income from asset liquidation activities like in 2022.
* An Giang Lottery Company was established in 2010 and its main business is traditional lottery. The company’s charter capital is VND 500 billion, with the State owning 100%. The company’s headquarters is located at 64C Nguyen Thai Hoc Street, My Binh Ward, Long Xuyen City, An Giang Province.
Director of An Giang Lottery Company – Vo Trung Dung speaking at the conference
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At the 2023 summary conference, the company projected full-year revenues of VND 6,380 billion, achieving 103.7% of the plan. Total profit reached VND 844.5 billion, exceeding 109.5% of the plan. The company contributed over VND 1,835 billion to the state budget, surpassing the plan by 4.1% and increasing by 2.3% compared to the same period last year. The company also collected and paid personal income tax (from winners and sales commissions) of about VND 215 billion. In total, the company contributed VND 2,050 billion to the state budget from traditional lottery activities.
In addition, the company spent around VND 33.3 billion on social welfare.
In 2024, An Giang Lottery Company aims to achieve consumption revenue equal to or higher than that of 2023, with a minimum ticket consumption rate of 99.99% and a minimum contribution to the state budget of VND 1,870 billion…
