2021-08-31 18:02:53

Cen Land (HSX: CRE) announces record date of public offering and doubles charter capital to VND 2,016 billion

Century Land Joint Stock Company (Cen Land, HSX: CRE) has just approved September 15 as record date for the list of shareholders to buy additional public offering shares and receive dividends in 2020 at the total rate of 105%.


The company plans to offer nearly 91.2 million shares to existing shareholders, the rate of 95% (shareholder who owns 100 shares will have the right to buy 95 new shares). With the offering price of VND 10,000/share, the estimated mobilized capital is about VND 912 billion. This capital will be channelled into the Thanh Cong co-operative building project and Hoang Van Thu new urban area, among others.


In early April, Cen Land announced the investment, purchase, sale and transfer of real estate in Thanh Cong co-operative building project with an amount of more than VND 500 billion. This project at 145 Me Tri lake street, Nhan Chinh ward, Thanh Xuan district, Hanoi is deployed by Thanh Cong Cooperative. The total investment value is expected to be more than VND 506 billion from June to September.


Regarding the investment, purchase, sale and transfer of real estate in Hoang Van Thu new urban area project in Hanoi, the Board of Directors also approved a total expected investment amount of VND 2,048 billion.


The right to buy is transferred once from September 22 to October 8, 2021. Time e for subscription and payment is from September 22 to October 12, 2021.


In addition, the company is about to issue nearly 9.6 million shares to pay the 2020 dividend at the rate of 10% from undistributed after-tax profit in the audited separate financial statements for 2020 (more than VND 851 billion) and/or other sources of capital if necessary.


The company also plans to offer about 4.8 million ESOP shares at the price of VND 10,000/share. After 12 months from the closing date of the public offering, the shareholder is allowed to transfer 40%. After 21 months, 70% of shares are allowed to be transferred and shareholders can transfer 100% of the shares after 27 months.


After issuing nearly 105.6 million shares, charter capital is expected to more than double to nearly VND 2,016 billion.


In the first 6 months of the year, the company achieved VND 3,685 billion in revenue, 5.2 times higher than the same period; profit after tax rose by 80% to VND 251 billion. Regarding the year target of VND 5,000 billion in revenue and VND 408 billion in profit after tax, the company has completed 74% of the revenue target and 62% of the profit target.


On the market, CRE shares are priced at VND 55,300 VND/share on August 30, equivalent to an increase of 96% over the end of last year and more than 5 times higher than the offering price for existing shareholders and employees.



Cen Land has just launched the campaign "Home Now for Vietnam Stronger" with many preferential policies for homebuyers and realtors on Cenhomes.vn proptech platform.


During the campaign, from September 2 to October 15, 2021, Cenhomes.vn will donate VND 5 million/transaction to the COVID-19 pandemic prevention fund.


Through the campaign "Home Now for Vietnam Stronger", Cenhomes.vn wishes to spread positive energy and strong spirit to overcome all challenges in the pandemic. Staying home is loving your country. Thanks to the support of technology and digital transformation, we still work at home and contribute to the development of the country.


To promote the campaign, Cenhomes.vn offers many attractive policies to homebuyers and realtors on Cenhomes.vn platform. Customers have the opportunity to attend the event "Get home for free, forget the pandemic" in the form of a lucky draw with a total prize up to VND 5 billion. Realtors have chance to join the lucky draw program, with the total prize of VND 300 million and many other attractive policies.


As long as we are alive, we will defeat the pandemic with stronger will than ever before. Let’s spread optimism, hope in the present and the future. Staying home doesn't mean being useless – staying home is to help the country win the pandemic.