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Plastic company leaders (AAA) to sell 27% ownership
The chairman and general director of An Phat Plastic and Green Environment Joint Stock Company have announced the sale of over 15 million shares, equivalent to 27 per cent of their ownership.
Pham Anh Duong, chairman of the company registered to sell more than 9.26 million shares, accounting for 16.26 per cent of the ownership.
Nguyen Le Trung, general director, will sell his entire 6.22 million shares, equivalent to 10.92 per cent ownership.
Both transactions are expected to take place from May 22 to June 20 through an agreement.
In the first quarter of this year, An Phat recorded total revenue of VND731 billion (US$32.2 million) and after-tax profit of VND66 billion, up 79.6 per cent and 131.6 per cent, respectively, against the same period last year.
The company is set a target to reach VND888 billion in revenue and VND50 billion in after-tax profit for the second quarter.
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