Construction firm to raise US$50 million from bond sale

October 11, 2019 - 11:25

In the first six months of 2019, the company had VNĐ15.9 trillion in total assets, up by VNĐ28 billion from the beginning of the year.

A real estate project constructed by Hòa Bình Construction Group. The company's shares fell 1.1 per cent to close Thursday at VNĐ13,650. Photo baodauthau.vn

HÀ NỘI — Hòa Bình Construction Group JSC (Hòa Bình Group) plans to raise US$50 million from a corporate bond sale to settle short-term debts, increase working capital and invest in overseas projects.

The plan will be submitted to shareholders at the next annual meeting for approval.

In the first six months of 2019, the company had VNĐ15.9 trillion in total assets, up by VNĐ28 billion from the beginning of the year.

Total payables fell by VNĐ624 billion to VNĐ12.35 trillion. The figure included VNĐ4.2 trillion worth of short-term bank loans and VNĐ277 billion in long-term bank loans.

Hòa Bình Group on September 26 set up a joint-venture investment fund with the Singaporean firm Infinity Blockchain Group (BIG) to target real estate projects in Việt Nam and other markets.

Hòa Bình Group is listed on the Hồ Chí Minh Stock Exchange as HBC. Its shares fell 1.1 per cent to close Thursday at VNĐ13,650. — VNS

Tags corporate bonds bond issuance architecture building construction charter capital

Trà Vinh helps businesses increase trade, exploit FTAs

Economy

Việt Nam promotes coconut exports, enhances industry value

Economy

Catalysing Việt Nam's green future: EU's role in Cần Thơ, Trà Vinh's energy transition

Economy

Transition to sustainability an urgent task: policymakers

Economy

Việt Nam needs $14 billion to develop EV charging stations

Economy

Incentive mechanisms needed for semiconductor industry: PM

More on this story

Economy

Việt Nam pushes up national brands

Việt Nam has set a target of having more than 1,000 products recognised as national brands between 2020 and 2030, marking an increase of 20 per cent.

Economy

Vietnam Airlines raises salary for pilots

Vietnam Airlines Corporation has decided to increase the salary of pilots on Boeing B787 and Airbus A350 by 22 per cent, nine months ahead of schedule.

Economy

VN to stay on track as East Asia and Pacific growth slumps

Việt Nam’s GDP growth projection, however, remain unchanged on a steady course to hit 5.8 per cent by the end of 2019 with forecast growth of 6.1 per cent and 6.2 per cent for 2020 and 2021 espite a broad decline for the East Asia and Pacific region.

Economy

Gov’t must adapt to sharing economy models

Việt Nam must identify, implement and build management models for sharing economy applications in the country’s major sectors such as banking and transport to ensure a fair business playground and protect all involved parties.

Economy

Exhibitions showcasing metalworking innovations open in HCM City

A wide range of machine tools, advanced metalworking solutions, high-quality industrial grade parts, welding and cutting materials, equipment and technologies, and advanced industrial robots are on display at three exhibitions that opened in HCM City on October 10.