ST8’s Extraordinary General Meeting of Shareholders for 2025 was held on the morning of September 8th, 2025. Photo: Thuong Ngoc
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According to the resolution passed by the General Meeting of Shareholders, the project has a designed capacity of 200,000 tons/year, including 160,000 tons of organic fertilizer and 40,000 tons of substrates. It will be constructed on an area of 9 hectares with a total investment of VND 498 billion. The implementation plan is expected to take place from September 2025 to September 2027, including 6 months for investment preparation, 1 year for construction, and 6 months for equipment installation and testing before operation.
To prepare the investment capital, ST8’s General Meeting of Shareholders approved a plan to privately offer 15 million shares at a price of VND 10,000/share to professional securities investors. The shares will be restricted from transfer for 1 year, and the issuance time will be decided by the Board of Directors. If successful, ST8’s charter capital will increase to over VND 407 billion.
The proceeds from the offering will be used to lease land in the Cam Son Industrial Cluster (Thanh Hoa) from APG Industrial Cluster Investment Joint Stock Company, in preparation for the construction of the Green Grow organic fertilizer factory. The expected land rent is VND 18 billion/ha, paid once.
Regarding the Green Grow project, General Director Tran Thi Suong shared that the government has recently provided support to the fertilizer industry to eliminate fake and low-quality products. As a result, the market will need new sources of supply, creating opportunities for the company.
Moreover, after two years in the agricultural sector, ST8 aims to focus on researching and developing fertilizer products to provide the domestic and export markets with high-quality and traceable products that meet green and clean standards. However, Ms. Suong did not disclose the technology that will be used in the factory.
When asked about the choice of the Cam Son Industrial Cluster as the location for the factory, the General Director of ST8 explained that due to the environmental characteristics of fertilizer plants, they cannot be located in industrial clusters close to the city center. Although the Cam Son Industrial Cluster is far from the center, it has convenient transportation. In addition, locating the factory there will maximize the use of available raw materials from agricultural by-products.
With an expected land rent of VND 162 billion, ST8 has already paid a deposit of over VND 10 billion. The remaining VND 150 billion will be raised from investors through the aforementioned private offering plan. The Board of Directors has already worked with partners and is awaiting approval from the State Securities Commission for the issuance plan. If the offering does not reach 100% success, the company will make up the difference with capital from other sources such as bank loans and capital contributions from individuals and organizations.
Ms. Suong also shared that the company plans to conduct another round of capital mobilization next year as the scale of the Green Grow project is approximately VND 500 billion, while ST8’s current charter capital is only over VND 250 billion. If the private offering of 15 million shares is successful this year, the charter capital will increase to over VND 400 billion.
Ha Le
– 13:59 09/08/2025
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