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Apax Holdings seeks to double charter capital

The Saigon Times

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HCMC – Apax Holdings Joint Stock Company (IBC) is planning to sell 83.15 million shares to its existing shareholders to earn VND831.5 billion. If successful, its charter capital would be doubled to nearly VND1.7 trillion.

Apax Holdings has publicized documents for its shareholders’ meeting this year, which is scheduled for March 16.

Of funds raised from the share sale, VND304.1 billion would be used to pay loans, VND300 billion invested in a real estate project in the Hong Quang Long Hai tourist site in Ba Ria-Vung Tau Province and VND227.4 billion added to Apax Holdings’ working capital.

This year, the company expects revenue of VND2.1 trillion, up 21% over 2021. However, its after-tax profit is projected to reach VND80 billion, down 16.4%.

Apax Holdings will also improve 130 Apax Leaders English teaching centers to serve the demand of 88,000-150,000 trainees and open six more STEAME Garten kindergartens to raise the total of these kindergartens to 22.

Closing the session today, February 28, IBC edged up 0.48% at VND20,800.

The VN-Index of the Hochiminh Stock Exchange inched down 8.76 points, or 0.58%, to close at 1,490.13 points today.

More than 768 million shares worth over VND25.6 trillion changed hands on the southern bourse, down 4.97% in volume and 8% in value against the session earlier. Of the total, 36.58 million shares worth VND972.7 billion were traded in block deals.

On the Hanoi Stock Exchange, the HNX-Index added 0.26 points, or 0.06%, to close at 440.42 points. More than 98.75 million shares worth some VND2.8 trillion were transacted on the market.

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