Ms. Huynh Bich Ngoc: Portfolio structure, optimizing green capital in circular agriculture

To restructure the portfolio and optimize investment activities, on March 11, 2024, Ms. Huynh Bich Ngoc, Chairman of the Board of Directors of Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS, Code: SBT) announced the registration of the transfer of 15 million SBT shares.

TTC Agris

The transaction is expected to be carried out by a 100% agreement trading method. The transaction period is from 14/03/2024 to 12/04/2024. Buyers are expected to be units in the same ecosystem of the Company.

As of March 11, 2024, Ms. Huynh Bich Ngoc is holding 84,265,703 SBT shares, equivalent to 11.06% of the share capital. If the transaction is successful, Ms. Ngoc is expected to hold 69,265,703 shares, equivalent to 9.09% of the share capital.

It is known that this transaction was carried out to restructure the investment portfolio and is part of the plan to optimize capital sources to develop the "green" business strategy of the Board of Directors of TTC AgriS.

Previously, at the Annual General Meeting of Shareholders for the year 2022-2023 held in Tay Ninh, Ms. Ngoc also emphasized: "Sustainable development is a strategy throughout TTC AgriS's development journey, we take the "Green" strategy as the foundation for development, competitive advantage and provide the market with green energy solutions from clean production."

Ms. Huynh Bich Ngoc affirmed TTC AgriS's commitment to "green" business at the Annual General Meeting of Shareholders for the year 2022 – 2023.

With nearly 55 years of establishment and development, with the backbone philosophy of sustainable development, TTC AgriS focuses on exploiting and optimizing the value chain of crops such as sugarcane, coconut, banana, and rice ... at the same time, research and develop high-value-added agricultural products to diversify product types and meet market demand. With the "green" strategy as the foundation, TTC AgriS comprehensively orients and builds key tasks in terms of solutions, services, technology and sustainable development.

From there, promoting the application of the Circular Commercial Value Chain model to become a provider of high-tech agricultural solutions, participating in the global food and beverage value chain (Food & Beverage), successfully unlocking potential markets and achieving the revenue target of VND 60,000 billion by 2030. 


The "green" business strategy and sustainable development have always been the "guideline" of TTC AgriS during more than half a century of operation. (Photo: TTC AgriS).

In the 2022-2023 fiscal year, TTC AgriS achieved positive results when net revenue exceeded the billion USD mark for the first time, reaching VND 24,743 billion (~1 billion USD), up 35% over the same period and reaching 145% of the year plan. At the end of the first 6 months of the 2023-2024 fiscal year, TTC AgriS recorded cumulative net revenue of VND 13,385 billion, up more than 9% over the same period, completing 65% of the year plan.

Accumulated profit before tax in 6 months reached VND 481 billion, up more than 11% over the same period, completing 57% of the year plan. Consumption in Q2 recorded growth compared to Q1, thereby bringing the total cumulative consumption in 6 months to ~640 thousand tons. As of December 31, 2023, the scale of TTC AgriS has also expanded with total assets reaching VND 34,135 billion (~USD 1.4 billion), up 14% compared to the beginning of the year.

In recent years, TTC AgriS has continuously received high appreciation from prestigious organizations for management activities such as the Top 20 listed enterprises in the basket of VNSI20 sustainable development index - HOSE, the Top 10 Best Corporate Governance Enterprises in the large-cap group - HOSE, etc Top 10 Sustainable Green Economy Development Enterprises, Top 25 Leading F&B Brands - Forbes Vietnam, Top Industry 4. 0 Vietnam - VUSTA.



Via Vietnambiz