By GMM News | 2024-12-03 | Global Partner News |

Previously, Vinaship’s extraordinary general meeting of shareholders held in September 2024 approved Viconship to receive shares transfer from existing shareholders to reach an ownership ratio of over 25% without having to offer. public purchase. Based on the approval rate of this plan, which is 62.47% of the voting shares attending the meeting, it can be seen that 3 shareholders representing 51% of VIMC’s capital contribution (MVN) all voted to approve it.

According to law, VIMC is still the parent company, holding 51% of Vinaship’s capital. The fact that the shareholders representing VIMC’s capital contribution approved the plan for Viconship to increase its ownership in Vinaship is in accordance with the general meeting process to confirm the desire/need to transfer a large volume of shares at Vinaship, not does not indicate that Vinalines allows divestment at Vinaship. Looking back at Vinaship’s extraordinary general meeting of shareholders, 15 shareholders (including 1 institutional shareholder) were determined to participate in transferring nearly 12.8 million shares, 37.55% of capital to Viconship, helping Viconship quickly completed the M&A deal of this shipping business.

VIMC also expects that Viconship, when participating in Vinaship, will bring synergistic values, helping Vinaship take advantage of available advantages for development. In the immediate future, Vinaship is preparing a plan to invest in additional dry cargo ships with a tonnage of 28,000 – 32,000 DWT, under 15 years old, for 12 million USD, equivalent to nearly 306 billion VND. Thereby, Vinaship’s fleet is expected to increase to 6 ships, with a total tonnage of over 120,000 DWT. According to the newly released financial report, in the third quarter of 2024, parent company Vinaship reported a loss of more than 4 billion VND, while in the same period last year a profit of 2.5 billion VND.

Vinaship said that in the third quarter of 2024, mining activities were affected by bad weather, with Typhoon Yagi paralyzing many port activities and the cargo logistics chain, causing losses to the Company’s cement cargo ships. damaged for dozens of days due to not being able to move goods from the machine to the loading port. In addition, the business incurred a financial loss of VND 8.9 billion from reassessing USD reserves for ship investment activities. However, cumulatively in the first 9 months of 2024, Vinaship recorded a profit of 23.5 billion VND, 6.7 times higher than the same period last year thanks to another sudden profit after selling and liquidating the MV. Vinaship Star in the second quarter.