Hapaco eyes investment in VNĐ4-trillion wind power project

A wind power project in Gia Lai. — Photo gialai.gov.vn

HÀ NỘI — The Hapaco Group JSC is planning to invest VNĐ4 trillion (US$174.1 million) in a wind power project in the Central Highlands province of Gia Lai.

The project is among those to be submitted for approval at the group’s annual shareholders’ meeting, which is slated for March 14.

The meeting will also discuss investment in building a 23-ha care centre for the elderly in the northern city of Hải Phòng City’s Thuỷ Nguyên District as well as Hapaco’s new development orientations in social housing and guest worker services.

Hapaco (stock code HAP) was one of the first listed on local stock market. As of December 31 last year, its total assets exceeded more than VNĐ808 billion.

Last year, the group reeled in VNĐ335 billion in revenue, a yearly decrease of 11 per cent. Its after-tax profit, meanwhile, hit VNĐ34.3 billion, up 69 per cent year-on-year. — VNS

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