(Vietstock) Mr. Tran Van The – Vice Chairman of Deo Ca Transport Infrastructure Investment JSC (UPCoM: HHV) said that according to the memorandum of strategic cooperation between Deo Ca Group (DCG) with Bamboo Capital JSC (HOSE: BCG) signed, BCG and strategic partners are going to investing in HHV (minimum of 50 million shares).

Besides becoming a HHV’s shareholder, BCG is also going to cooperating with research and investment in transport infrastructure projects such as: Can Tho – Ca Mau Expressway, the Boulevard connecting Ho Chi Minh City with Tan An city (Long An province), the Western Bypass of Can Tho city, etc.

HHV invested and built the Road Tunnel Project through Ca pass (including Deo Ca Tunnel, Co Ma Tunnel, Cu Mong Tunnel, Hai Van Tunnel), Bac Giang – Lang Son Expressway, etc. In the near future, HHV will invest and construct Huu Nghi – Chi Lang Expressway Project 43km in length with a estimated total construction investment amount of 8.790 billion VND.

Regarding the business plan in 2021, HHV’s revenue is expected to reach 1.285 billion VND, which rises by 7% compared to that in 2020. Its profit after tax is expected to reach 216 billion VND, which rises by 23%. HHV’s dividend is expected to be distributed at the rate of 10% of its charter capital.

HHV planed to issue over 27 million shares to swap debts and offer nearly 59 million shares to existing shareholders at a ratio of 5:1 in this year. The total capital raised will be used for HHV’s business.

HHV shares have been currently trading on the UPCoM, closing price of June 30 of them is 18.200 VND. The stock price increased by 7% in the past week and the average trading volume has been more than 2,2 million shares/session.

It is known that on May 25, 2021, HHV submitted an application to list shares on the Ho Chi Minh City Stock Exchange (HOSE).

Source: https://vietstock.vn/2021/06/bcg-va-cac-doi-tac-du-kien-mua-50-trieu-cp-hhv-739-870731.htm