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The Congress approved key contents including the business plan, dividend payment scheme, charter capital increase scheme by issuing bonus shares to shareholders and private placement, the plan to change the name to Group and many other important contents.
 Mr. Nguyen Thanh Hung – Chairman of Tracodi’s Board of Directors giving a speech
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In terms of business results in 2023, TCD recorded revenue of VND 1,784.4 billion, after-tax profit of VND 175 billion. In 2024, TCD set a business plan with consolidated net revenue of VND 1,920 billion, up 7.6% year-on-year, after-tax profit is expected to reach VND 186 billion, up 5.8% year-on-year.
By business segment, the construction segment from projects that have signed contracts and potential projects that the Company is participating in the bidding with total expected revenue of VND 1,126 billion; quarrying of Antraco and exploitation of construction materials are expected to reach revenue of VND 748 billion; financial investment activities (including transportation activities of Vinataxi and BOT toll collection) have total expected revenue of VND 47.2 billion.
Tracodi General Meeting of Shareholders also approved the plan to issue 22,614,646 shares as dividends, equivalent to 8% of charter capital. The time to pay the dividend is expected in the second or third quarter of 2024.
To increase equity capital from its own equity, TCD will issue 30,529,526 new shares, corresponding to a total increase in value of VND 305 billion to issue bonus shares to shareholders with a right exercise ratio of 100:10 (shareholders owning 100 shares will receive 10 new shares). In addition, TCD also plans to issue 170 million private shares. If the issuance is successful, TCD‘s charter capital will reach VND 5,058 billion.
Tracodi’s 2024 capital increase plan
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In 2024, Tracodi will focus its resources on implementing real estate projects that have won bids such as King Crown Infinity, Malibu Hoi An, Hoian d’Or. The transport infrastructure projects that Tracodi will continue to implement in 2024 are: Phan Thiet Airport Project, Component 4 of the Chau Doc – Can Tho – Soc Trang Expressway Construction Project, Phase 1; Project connecting the old National Highway 3 to Vo Nguyen Giap Street (Hanoi), Duc Thinh Residential Area Project (Bac Giang); Renovation and upgrading of provincial roads DT830 and DT824 from An Thanh bridge to Duc Hoa town (Long An). At the same time, TCD continues to participate in bidding for potential projects.
 Tracodi’s Board of Directors is confident in the 2024 business plan
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Regarding the 2024-2028 phase target, Tracodi expects revenue to grow at an average rate of 12% per year, with revenue in 2028 reaching VND 3,816 billion. After-tax profit in 2028 is expected to reach VND 348 billion. Owner’s equity in 2028 is expected to reach VND 6,438 billion, total assets are expected to reach VND 13,130 billion.
In terms of personnel, Mr. Tan Bo Quan, Andy resigned from the position of member of the Board of Directors to focus on new tasks, Mr. Bui Quang Nam was elected as an independent member of the Board of Directors. A notable content is that Tracodi submitted and was approved by the general meeting to change the model to a Group. Tracodi will change its name to Tracodi Construction Group Joint Stock Company. The new name is in line with the group-type governance model that Tracodi is transforming, while highlighting the company’s core business of construction and promoting the strengths of the Tracodi brand with a history of 34 years.
