The Hanoi Stock Exchange (HNX) has recently released the semi-annual financial report (from 01/01/2024 to 30/06/2024) of Hung Yen Urban Investment and Development JSC.
According to the report, the company’s equity capital stands at VND 1,012 billion. The debt-to-equity ratio has decreased significantly from 33 times in the previous period to 8.2 times in this period. As a result, the company’s debt amounts to VND 8,298 billion.
As of June 30, the company has fully repaid its bond debt. According to the Semi-annual Report on Principal and Interest Repayment, Hung Yen Urban Investment and Development JSC has fully repaid the principal amount of VND 7,200 billion and nearly VND 4 billion in interest for the two bond lots HIDCB2324001 and HIDCB2324002.
These two bond lots had attracted significant attention from the public. This is because when issuing these two bond lots, Hung Yen Urban Investment and Development JSC was less than a year old and relatively low-key, yet successfully mobilized VND 7,200 billion in bonds within just one day.
In the first six months of this year, the company reported a profit of VND 8.6 billion, compared to a profit of VND 5.9 billion in the same period last year.
Hung Yen Urban Investment and Development JSC was established on April 28, 2022, with the main business field of real estate business, initially named Masterise Hung Yen JSC. The head office is located on the 8th floor, Viettel Hung Yen Building, No. 537 Nguyen Van Linh, Hien Nam Ward, Hung Yen City, Hung Yen Province.
On October 25, 2023, the company changed its name to Hung Yen Urban Investment and Development JSC. In March 2023, Hung Yen Urban Investment and Development JSC increased its capital from VND 194 billion to VND 992,924 billion. The company’s legal representative is Mr. Ngo Van Kien (born in 1996), who serves as the General Director.
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