Events News

An Phat Bioplastics stopped the ESOP program

On October 15th, Board of Directors of An Phat Bioplasticcs Joint Stock Company (HOSE code: AAA) issued a Resolution on Stopping Employee Stock Ownership Plan (ESOP).
Previously, AAA’s Board of Directors approved the plan of issuing shares under the ESOP program, corresponding to issuing a maximum of 8.5 million shares at the price of VND 10,000 / share in accordance with Resolution of 2019 Annual General Meeting of Shareholders on April 16.
Up to now, AAA’s Board of Directors have decided to stop this ESOP program, then the company will report and present the cancellation of ESOP issuance plan at the nearest General Meeting of Shareholders.

“The ESOP program was approved at 2019 General Meeting of Shareholders, but after considering the actual situation, taking into account the long-standing benefits of shareholders, AAA Board of Directors decided to stop the 2019 ESOP program and cancel this at the General Meeting of Shareholders in 2020”– added AAA representative
In addition, Ho Chi Minh City Stock Exchange also forecast that AAA’s net revenue and profit after tax in 2019 will be VND 9,884 billion and VND 501 billion, increasing by 12% and 25% respectively compared to 2018. Based on these profit estimates and the current number of shares (due to no increase in ESOP stocks), AAA’s EPS can be reached at VND2,930 / share. According to the report of Ho Chi Minh City Stock Exchange (HOSE: HCM), on July 7, estimating that AAA’s after-tax profit in the 2019 third quarter will reach around VND 55-65 billion, correspondingly increasing by from14.5% to 35.4% compared to the same period last year.
In early October, An Phat Holdings (APH) registered to buy all 4,000 AAA warrants issued in 2018 to increase its ownership in AAA from 46.62% to 54.54% from October 17 to November 15.

Tin liên quan


Catherine Lien

Sales Director


julie yen

GCC - Europe - America Sales



Asia - Africa Sales & Bioplastics