An Phat Holdings became the new major shareholder of Hanoi Plastics

On November 27, An Phat Holdings successfully purchased 3.2 million NHH shares of Hanoi Plastics Joint Stock Company and officially became a major shareholder of NHH when owning 49.23% of charter capital.

Previously, An Phat Holdings did not own shares in Hanoi Plastics.
On the other side, Cadivi Dong Nai confirmed that it sold all of 3.37 million shares (51.86%) and no longer a major shareholder. Transactions are conducted on 2 days 27 and 28 November 2018. Among them, 3.2 million shares were sold on November 27, 2018 with an average price of VND 104,800 / share – much higher than the transaction price of NHH shares in the session. The rest also sold the deal on November 28.
Previously in mid-November, Cadivi Dong Nai’s parent company, General JSC of Vietnam Electrical Equipment (HOSE: GEX), signed a memorandum of understanding with An Phat Holdings.
MB Investment Fund Management Joint Stock Company (MB Capital) also announced that it has sold 1,357,300 shares (20.88% rate) and is no longer a major shareholder. The transaction took place on November 26, 2018 with an agreement price of VND 93,500 / share, earning nearly VND 127 billion.

Earlier, Hanoi Plastics announced on November 28 is the ex-right date to close the list of shareholders issuing bonus shares due to the increase of equity from the equity ratio of 100%. At the same time, the company also offered 3.8 million shares to existing shareholders at the rate of 65:38 (1 share is entitled to 1 right, 65 rights to buy 38 new shares). Issuing price is 30,000 dong / share, corresponding to the mobilized amount of about 114 billion dong.
Hanoi Plastics is an old and well-known enterprise producing plastic parts for motorbike parts for long-time customers like Honda Vietnam, Piaggio Vietnam, Panasonic … If buying Hanoi Plastics, APH It is easy to deploy expanded business

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