Bien Hoa Sugar has merged with Ninh Hoa Sugar since November 20th, 2015

In October 30^th, 2015, the total shares of Ninh Hoa Sugar JSC (NHS) transferred into Bien Hoa Sugar JSC (NHS), remarks the successful merger of Bien Hoa Sugar JSC acquiring Ninh Hoa Sugar JSC.

After merging, BHS becomes the parent company holding 100% of charter of Bien Hoa – Ninh Hoa Sugar Limited Company. This M&A records some prominent points:

- Increasing the charter scale of BHS up to 96%, from VND 629.9 billion to VND 1,233.4 billion. At the same time, the total assets of BHS in October 31^st, 2015 went up from VND 2,437.5 billion to VND 3,437.3 billion.

- Enhancing competition in the market based on upgrading Ninh Hoa Sugar brand, from RS to RE sugar complied with Bien Hoa standard.

- Developing distribution system covering the Middle and the North of Viet Nam.

- With almost 50 years of experience in sugar production, Bien Hoa Sugar JSC will support Bien Hoa – Ninh Hoa Sugar Limited Company enhancing in production, technology, distribution and especially the management ability of company.

- After merging, BHS plans VND 3,125 billion of revenue in fiscal year 2015 – 2016, with profit before tax is VND 205 billion and the dividend rate is estimated 10%

 Source: Bien Hoa Sugar JSC