Thai Holdings is about to issue 35 million shares that pay dividends.

DNHN - THD (Thaiholdings) stock has advanced in six of the last ten trading days. Thaiholdings Joint Stock Company (stock symbol THD) will close its list of shareholders eligible to receive dividend-paying shares in 2022.

On August 15, Thaiholdings Joint Stock Company (stock symbol THD) will close its list of shareholders eligible to receive dividend-paying shares in 2022. The issuing rate is 10%, so shareholders with 100 shares will receive 10 additional shares.

With 350 million outstanding shares, Thaiholdings will issue 35 million new shares to pay the dividend.

In 2022, Thaiholdings generated VND 4,113 billion in revenue, a decrease of fifty percent compared to the same period in 2021. Profit after tax fell by 39 percent to 301 billion dollars. Thai holdings has accumulated 1,536 billion dongs of after-tax profit, which has not been dispersed since December 31, 2022.

At the end of today's trading session on August 4, THD shares rose 300 dongs to 40,300 dongs per share, returning gradually to the 2023 peak established at the beginning of the year.

In 2023, the Board of Directors of Thaiholdings projects consolidated net revenue of VND 3,272 billion, consolidated pre-tax profit of VND 358 billion, and consolidated post-tax profit of VND 241 billion.

According to 2022 business results, the company earned a profit after taxes of VND 301 billion on revenues of VND 4,112 billion.

After 2022, Thaiholdings' total assets amounted to 8,275 billion VND. With short-term assets amounting to 2,252 billion VND and long-term assets totaling 6,023 billion VND. Thai holdings has divested, reduced its ownership ratio, and ceased combining the data of certain subsidiaries with that of the group.

Thai holdings increased its capital by 268 billion dongs to reach 5,939 billion dongs. Concurrently, the group reduced long-term loans by 632 billion dong and short-term loans by 50 percent. Thus, the total amount of Thaiholdings' short-term loans was only VND 885 billion.

Previously, at the 2023 Annual General Meeting of Shareholders, THD executives stated that in 2023 the company would focus on restructuring its investment portfolio while maintaining and expanding its traditional and core business and production operations. Thai holdings is inquiring about more than ten potential projects and businesses, which are concentrated in major cities, directly under the Central Government, and in tourism-rich locales.

Potential projects owned by Thaiholdings include a 352-hectare urban and resort project in Phu Quoc; 3.5 hectares of golden land at No. 5-7 Dao Duy Anh, Dong Da, Hanoi; and 2.7 hectares of residential land in the Xuan Thanh urban area of Ninh Binh city. These projects are being deployed by the market's orientation and general situation.

THD reported total assets of VND 7969 billion, total liabilities of VND 1,959 billion, and total equity of VND 6,000 billion as of the end of March 31, 2023.

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