(DTCK) Dang Huynh Uc My, vice-president of the joint stock company Thanh Thanh Cong - Bien Hoa (TTC AgriS, HOS...
(DTCK) Dang Huynh Uc My, vice-president of the joint stock company Thanh Thanh Cong - Bien Hoa (TTC AgriS, HOSE: SBT) plans to buy back more than 21.6 million SBT shares from the German group KFW’s Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG).
Dang Huynh Uc My shared the 60 trillion VND revenue plan by 2030 at the 2022-2023 SBT Annual General Meeting of Shareholders
On November 30, 2023, Ms. My subscribed to purchase 21,611,333 SBT shares at an active price, 2.7 times the market price at the close of the November 30, 2023 session.
Commenting on the transaction, Ms. My said, “I am confident that TTC AgriS' high-tech circular agriculture business model strategy will help the company establish a new business position globally. Based on a green business strategy, investors and shareholders who support SBT will certainly reap unexpected benefits in the near future.
At the general meeting of shareholders held in October 2023, Uc My stated that TTC AgriS is adhering to the direction of applying the Circular Commercial Value Chain model to become a provider of high-tech agricultural solutions. participate in the global food and beverage value chain (Food & Beverages), meeting the needs of customers to complement the ecosystem of products and services. As a result, success opens up potential markets and reaches a turnover of 60 trillion VND by 2030.
According to the Board of Directors of TTC AgriS, TTC AgriS and DEG are actively accelerating the process of negotiating new financial packages, which should be implemented in early 2024, thus continuing to open long-term bilateral cooperation agreements, promising not only to make further advances in efforts to improve sustainable green agriculture firmly apply cutting edge science and technology, maximize positive values not only for both sides, but also for other stakeholders involved in the full agricultural value chain of TTC AgriS.
As of 2019, the DEG Fund and TTC AgriS have implemented numerous cooperation agreements based on “green” and sustainable business strategies, particularly during the 2021-2020 period2023, TTC AgriS and DEG cooperate in a series of non-repayable investment projects with a series of positive results.
Specifically, TTC AgriS cooperated with DEG for the project to create an organic fertilizer plant with a total investment cost of more than 2 million euros, supported by 50% of DEG’s capital. Not stopping there, TTC AgriS and DEG continue to cooperate for the human rights and sustainable development certification project with a total investment of 1.5 million euros and the Establishment of Us project with a total investment of 11 billion VND, all projects are supported up to 50% by the DEG
Via Tin nhanh chung khoan