Caosu Sao Vang Joint Stock Company (SRC) has just announced the signing of a contract for the transfer of more than 21.2 hectares of leased land in Chau Son Industrial Park, generating nearly 304 billion VND.
Specifically, on January 30, 2024, Sao Vang Rubber Company signed a contract to transfer the right to lease 212,538 square meters (equivalent to over 21.2 hectares) of land with infrastructure and assets attached to the land in Lot E, Chau Son Industrial Park, Chau Son Ward, Phu Ly City, Ha Nam Province.
The two entities receiving the transfer of the land lot are Casla Joint Stock Company (receiving a total area of 102,538 square meters) and Casablanca Vietnam Joint Stock Company (receiving a total area of 110,000 square meters) with a transfer price of 1,429,570 VND per square meter for both contracts. It is estimated that SRC has earned nearly 304 billion VND from the deal.
In other developments, Sao Vang Rubber Company has also just issued a document agreeing on the time to organize the 2024 Annual General Meeting of Shareholders. Accordingly, SRC has set its business plan for 2024 with expected revenue reaching 2,000 billion VND, a 67% increase compared to 2023, and pre-tax profit of 100 billion VND, 2.5 times higher. It is expected to pay dividends at a rate of no less than 10%.
On the market, SRC shares are trading at the ceiling price of 31,550 VND per share.
