In its financial report submitted to HNX, Casper Vietnam Group announced a consolidated after-tax profit of 47.3 billion VND for the first half of the year, a 34% increase compared to the same period last year, equivalent to a daily profit of nearly 260 million VND. The after-tax profit ratio to equity (ROE) reached 7.7%, an improvement from the previous year’s figure of 6.2%.
As of the end of June 2024, the debt-to-equity ratio was 4.28 times, corresponding to approximately 2,631 billion VND in debt, a 14% increase from the previous year. The report also indicated that the Company no longer has any bond debt.
It is known that the Company issued a single batch of bonds with the code CPGCH2225001 on June 16, 2022, valued at 300 billion VND, with a term of 3 years. The bonds were secured by a maximum of 3,451,000 shares of the Company owned by the guarantor and managed at SSI Securities Joint Stock Company – Hanoi Branch, with a fixed interest rate of 11% per annum.
On June 28, 2024, Casper Vietnam Group repurchased all of these bonds before maturity, thereby eliminating the Company’s bond debt.
Casper is a multinational brand with branches and distribution networks in several Southeast Asian markets, including Thailand, Vietnam, Malaysia, Brunei, and Laos. Casper Vietnam is the exclusive distributor and service provider for Casper-branded products in Vietnam, such as air conditioners, refrigerators, televisions, washing machines, and air purifiers.
Casper Vietnam Group Joint Stock Company was established in April 2021 with an initial charter capital of 119.76 billion VND. The company’s shareholders included CHG Holding Vietnam with a stake of 16.032%, Mr. Nguyen Viet Chung (currently serving as General Director) with 32.732%, Mr. Nguyen Viet Chien with 19.973%, Mr. Nguyen Minh Phuong with 20.341%, Mr. Nguyen Trong Duoc with 0.301%, and Mr. Nguyen Truong Thanh with 10.621%. The company has since undergone capital adjustments and changes in its shareholder structure, including the entry of foreign investors.
As of mid-February this year, the company’s charter capital exceeded 162 billion VND, of which foreign investors held a 29.452% stake. These investors included Hanoi Investments Holdings Limited (based in Cayman Islands, represented by Ms. Duong Do Quyen) with a 15.543% stake, Menang Investments Pte. Ltd. (based in Singapore, represented by Mr. Chiam Fong Sin) with a 5.181% stake, and Vietnam Growth Investment Fund L.P. (based in Cayman Island, represented by Ms. Le Thi Le Hang) with a 7.324% stake.
Mr. Nguyen Viet Chung also serves as the General Director of CHG Holding Vietnam Joint Stock Company and Casper Vietnam Joint Stock Company. Ms. Hang is the former Chairwoman of the Board of Directors of Southern Seed Joint Stock Company (HOSE: SSC) from 2015 to 2020 and currently serves as the Strategic Director of Saigon Securities Joint Stock Company (HOSE: SSI).
 Mr. Nguyen Viet Chung
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