Currently, DNP Hawaco does not own any BWG shares. If the acquisition is successful, the organization will hold nearly 25% of the capital here.
Source: BGW
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As of September 30, 2024, BGW had 2 major shareholders holding 75.99% of its charter capital. Of this, the People’s Committee of Bac Giang province holds 51% of capital (equivalent to 9.3 million shares) and Mr. Duong Ha Quang Huy holds 24.99% of capital (equivalent to 4.54 million shares).
It can be seen that the number of shares held by Mr. Duong Ha Quang Huy is equal to the volume that DNP Hawaco registered to buy. Therefore, it is highly likely that BWG shares will be traded through a deal between the two parties.
| Price movement of BGW shares from the beginning of 2024 to November 19 |
Notably, Mr. Duong Ha Quang Huy only became a major shareholder of BGW 5 months ago. On June 26, 2024, BGW recorded 4.54 million shares traded through a deal – matching the number of shares Mr. Huy reported buying and the number of shares that the Water Industry Investment Joint Stock Company DNP reported selling. The transaction value reached nearly VND 107 billion, equivalent to VND 23,500/share, 31% higher than the closing price of BGW shares on June 26.
| BGW’s business results for the first 9 months of 2024 |
In the first 9 months of 2024, BGW recorded nearly VND 133 billion in net revenue, up slightly by 5% over the same period last year. However, net profit decreased by 18% to nearly VND 9 billion due to higher cost of goods sold compared to revenue (up 11% over the same period) and a decrease of nearly VND 1.8 billion in financial revenue (down 68% over the same period). year).
In 2024, BGW targets a net profit of over VND 11 billion, slightly down 4% compared to the result in 2023. With the 9-month profit result, the Company achieved 76% of the target.
