The State Securities Commission (SSC) has recently announced the revocation of the public company status of 29/3 Garment Joint Stock Company, effective May 27, 2025. The announcement did not specify the reason for the revocation.
29/3 Garment Joint Stock Company is located at 60 Me Nhu, Thanh Khe Tay Ward, Thanh Khe District, Da Nang City. Its legal representative is Ms. Pham Thi Xuan Nguyet, the Director.
The company was established and operated with a business registration certificate No. 0400100457, first issued by the Da Nang Planning and Investment Department on March 27, 2007, with the 14th change registered on November 20, 2018.
In the stock market, up until the revocation of its public company status, HCB shares of 29/3 Garment were trading at 11,400 VND per share. At its peak, the share price exceeded 27,000 VND per share.
HCB shares often lacked liquidity, which can be attributed to shareholders’ preference for holding onto their stocks to enjoy dividend distribution rights.
In terms of shareholder structure, 29/3 Garment Joint Stock Company has predominantly individual shareholders, including leaders and employees of the company. Notably, the company has a consistent track record of paying dividends. Since 2019, it has been distributing annual dividends at a rate of 10-20%.
Regarding growth, the company’s revenue for the years 2022, 2023, and 2024 amounted to 938 billion VND, 796 billion VND, and 786 billion VND, respectively. However, during these years, the company’s after-tax profit only ranged from 19 to 23 billion VND.
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