CEO Group Joint Stock Company (CEO Group, Stock Code: CEO, HNX) has recently announced a Board of Directors resolution approving a loan of nearly VND 1.287 trillion from the Bank for Investment and Development of Vietnam (BIDV) – Thanh Xuan Branch.
The loan is intended to cover legal and valid expenses, issue guarantees, and open letters of credit (LC) for the implementation of the infrastructure and adjacent housing construction project within the CEO Me Linh New Urban Area. This includes interest payments during the construction period, which are factored into the project’s total investment. The project is undertaken by CEO International LLC (CEO International).
The loan is secured by all assets owned or used by CEO International, which are acquired through the loan from BIDV – Thanh Xuan Branch.
Rendering of the CEO Me Linh New Urban Area Project
CEO Group commits to maintaining a minimum of 65% equity in CEO International throughout the loan period. If the Group transfers its equity, reducing its ownership below 65%, such a transaction will only proceed if the project has commenced sales, CEO International has fully contributed its equity, and the bank provides written approval.
The total investment for the infrastructure and adjacent housing construction project within the CEO Me Linh New Urban Area is approximately VND 2.282 trillion. The project is located in Me Linh District, Hanoi, specifically in Quang Minh Commune (formerly Me Linh, Dai Thinh, Trang Viet, and Van Khe communes).
Regarding business performance, CEO Group’s audited consolidated financial report for the first half of 2025 shows a net revenue of over VND 747.6 billion, a 9.8% increase compared to the same period in 2024. After-tax profit reached more than VND 95.7 billion, up 79.5% year-on-year.
For 2025, CEO Group aims to achieve a consolidated revenue of VND 1.543 trillion and a consolidated after-tax profit of VND 182 billion. As of the first three quarters, the company has completed 48.5% of its revenue target and 52.6% of its profit goal.
As of June 30, 2025, CEO Group’s total assets decreased by 3.4% from the beginning of the year to over VND 8.653 trillion. Total liabilities stood at more than VND 2.308 trillion, a 14.2% reduction.
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