Mr. Le Viet Hai, Chairman of the Board of Directors registered to buy 10 million HBC shares to stabilize the company's share price on the stock market.

According to a recent announcement by Hoa Binh Construction Group (stock code: HBC), Mr. Le Viet Hai, Chairman of the Board of Directors, registered to buy 10 million HBC shares to invest in and stabilize the company's stock price on the market.

The transaction time will be from June 26 to July 22, 2022 according to the method of order matching or agreement at the time of transaction. The expected transaction value calculated at par value is VND 100 billion.

After the transaction is successfully executed, it will bring Mr. Le Viet Hai's holding rate of HBC from 15.84% to 19.91%. At the end of the trading session on June 20, 2022, HBC's stock price was at VND 15,450.

Recently, Hoa Binh Construction Group has also signed a strategic cooperation agreement with partners such as Sun Group and DragonGroup in order to strengthen strategic cooperation, the partners will also prioritize choosing Hoa Binh Construction Group as the contractor to execute quality and safe works on schedule.

In 2022, Hoa Binh Construction Group set a business plan with a total revenue of VND 17,500 billion, profit after tax of VND 350 billion, increasing by 55% and 260% respectively compared to 2021. The expected dividend payment to shareholders is 5% in cash and/or shares.

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