The expected transaction will be conducted through a 100% agreed-upon transaction method. The transaction period is from March 14, 2024, to April 12, 2024. The expected buyers are units within the company’s ecosystem.
As of March 11, 2024, Ms. Huynh Bich Ngoc holds 84,265,703 SBT shares, equivalent to 11.06% of the capital stock. If the transaction is successful, Ms. Ngoc is expected to hold 69,265,703 shares, equivalent to 9.09% of the capital stock.
It is known that this transaction is carried out with the purpose of restructuring the investment portfolio and is part of the capital optimization plan to develop the “green” business strategy of the TTC AgriS Board of Directors.
Prior to this, at the Annual General Meeting of Shareholders for the 2022-2023 fiscal year held in Tay Ninh, Ms. Ngoc also emphasized: “Sustainable development is the continuous strategy in TTC AgriS’s development journey, we take the “Green” strategy as the foundation for development, competitive advantage, and providing the market with clean energy solutions from production.”
Ms. Huynh Bich Ngoc affirms the commitment to “green” business of TTC AgriS at the Annual General Meeting of Shareholders for the 2022-2023 fiscal year
With nearly 55 years of formation and development, with the backbone philosophy of sustainable development, TTC AgriS focuses on exploiting and optimizing the value chain of agricultural crops such as sugarcane, coconut, banana, rice, and researching and developing high-value agricultural products to diversify product types and meet market demands. With the “green” strategy as the foundation, TTC AgriS directs and comprehensively builds key tasks related to solutions, services, technology, and sustainable development. From there, it promotes the application of the Circular Commercial Value Chain model with the goal of becoming a high-tech agricultural solution provider, participating in the global Food & Beverage value chain, towards unlocking potential markets and achieving a revenue target of 60,000 billion VND by 2030.
The “green” business strategy and sustainable development have always been the “compass” of TTC AgriS during more than half a century of operation
In the 2022-2023 fiscal year, TTC AgriS achieved positive results with net revenue exceeding $1 billion for the first time, reaching 24,743 billion VND (~$1 billion), an increase of 35% compared to the same period and achieving 145% of the annual plan. At the end of the first 6 months of the 2023-2024 fiscal year, TTC AgriS recorded accumulated net revenue of 13,385 billion VND, an increase of over 9% compared to the same period, completing 65% of the annual plan. Accumulated pre-tax profit for the 6-month period reached 481 billion VND, an increase of over 11% compared to the same period, completing 57% of the annual plan. The consumption volume in the second quarter recorded growth compared to the first quarter, thereby raising the total accumulated consumption volume to ~640 thousand tons for the first 6 months. As of December 31, 2023, TTC AgriS’ scale was also expanded with total assets reaching 34,135 billion VND (~$1.4 billion), an increase of 14% compared to the beginning of the fiscal year.
