The Producer of ‘Brotherhood’ Takes Out a Loan of Nearly $8 Million

This week, 35 companies announced record closings to pay dividends. Of these, 27 companies paid cash dividends, 2 companies paid stock dividends, 3 companies exercised rights, and 3 companies paid combined dividends.

Borrowing for business

Yeah1 Corporation (stock code: YEG) announced that it has borrowed capital from several individuals to strengthen its production and business activities. This loan will also be used to buy shares or capital contributions in other companies or to repay debts.

Specifically, Yeah1 has borrowed nearly 190 billion VND from individuals, including: Ms. Nguyen Hai Tuong Vi with over 54.7 billion VND, Mr. Vo Xuan Huy with approximately 55.6 billion VND, and Ms. Vu Thi Tuyet Van with over 79 billion VND. The term of these loans is 1 year with an interest rate of 8% and an overdue interest rate of 12%.

In the second quarter of this year, YEG recorded revenue of 207 billion VND, up 2.5 times compared to the same period last year. Yeah1’s after-tax profit reached 8.5 billion VND, up 66.7% over the same period in 2023.

In the first half of this year, Yeah1’s net revenue was nearly 281 billion VND, nearly double that of the same period last year. Pre-tax and after-tax profits reached 24.7 billion VND, 4.8 times higher than the same period last year.

Similarly, Quoc Cuong Gia Lai JSC (stock code: QCG) also borrowed money from several organizations and individuals. In the second quarter, QCG borrowed 272 billion VND from Phat Dat Real Estate JSC, nearly 153 billion VND from Pham Gia Construction and Housing Business Company Limited, nearly 24 billion VND from Mr. Lai The Ha – Chairman of the Board of Directors of QCG, and 2 billion VND from Ms. Nguyen Thi Nhu Loan.

As of June 30, QCG’s short-term debt was 188 billion VND (down nearly half from the beginning of the year, mainly due to a decrease in personal loans of 132 billion VND). Currently, QCG is still borrowing short-term from the Vietnam-Russia Joint Venture Bank, Danang Branch, with a value of nearly 110 billion VND to finance working capital. QCG’s long-term debt is 246 billion VND at Vietcombank, Gia Lai Branch, to finance the Iagrai 2 and Ayun Trung hydropower projects, which will mature in 2029.

In the second quarter of this year, QCG recorded revenue of over 26 billion VND (down 41% over the same period), a net loss of 16.4 billion VND, and this was also the heaviest loss in the past 12 years. In the first half of this year, Quoc Cuong Gia Lai’s revenue decreased by 69% to 65 billion VND, with a net loss of 15 billion VND.

This year, QCG targets revenue of 1,300 billion VND and pre-tax profit of 100 billion VND. Thus, after half a year, Quoc Cuong Gia Lai has achieved only 5% of its revenue plan.

HoSE reminds SIP

Ho Chi Minh City Stock Exchange (HoSE) has just reminded Saigon VRG Investment Joint Stock Company (stock code: SIP) about the late disclosure of information on changes in the number of voting shares.

Accordingly, on July 26, HoSE received a disclosure from SIP about changes in the number of voting shares in circulation. Based on the provisions of Point k, Clause 1, Article 11 of Circular No. 96/2020/TT-BTC dated November 16, 2020, of the Ministry of Finance, HoSE stated that SIP was late in disclosing information about changes in the number of voting shares in circulation.

HoSE reminds and requests SIP to strictly comply with the information disclosure regulations to ensure the legitimate rights and interests of shareholders and investors in the stock market.

Hanoi Beer Alcohol Beverage Joint Stock Corporation (Habeco, stock code: BHN) announced that August 16 will be the record date to pay 2022 dividends in cash and collect shareholders’ opinions in writing. The ex-dividend date is August 15. Habeco will pay a 2022 dividend in cash at a rate of 15%, meaning that for every share owned, shareholders will receive 1,500 VND. With nearly 232 million shares currently in circulation, BHN will spend nearly 348 billion VND on this dividend payment.

Currently, the Ministry of Industry and Trade, as the parent company, owns nearly 189.6 million BHN shares (equivalent to 81.79% of charter capital) and will receive more than 284 billion VND in dividends. Carlsberg Breweries A/S, the second largest shareholder, holding nearly 40.2 million shares, will receive more than 60 billion VND.

In addition, Habeco will collect shareholders’ opinions on the election of 2 members of the Board of Directors for the term 2024-2029, but the details have not been announced.

ICD Tan Cang Son Thanh Joint Stock Company (stock code: IST) will close the list of shareholders to pay 2023 dividends at a rate of 23% in cash. The ex-dividend date is August 15, and the payment date is August 30. This year, IST will spend more than 27.6 billion VND on dividend payments. This is the 8th consecutive year that IST has paid dividends to shareholders, with the highest rate being 34% in cash in 2020.

Machine No. 1 Joint Stock Company (stock code: FT1) announced that it will close the list of shareholders to pay 2023 dividends in cash at a rate of 37%. With more than 7 million shares currently in circulation, FT1 will spend about 26 billion VND on dividend payments. Since its listing on Upcom in 2017, FT1 has consistently paid dividends to shareholders at a rate of over 30% in cash.