Techno – Agricultural Supplying Joint Stock Company (TSC) has announced the documents of the 2022 Annual General Meeting of Shareholders. TSC has a business plan in 2022 with a target of nearly 1,283 billion VND in net revenue, an increase of nearly 146% compared to 2021.
According to the published AGM documents, in 2022, TSC will focus on the following areas: Food, consumer goods and FMCG.
Techno – Agricultural Supplying Joint Stock Company (TSC) expects a “huge” revenue in 2022. Photo: Internet
The food segment is concentrated at the Westfood factory. Westfood’s main goal is to increase production capacity, meet large orders from international customers and maintain sustainable business operations. By 2025, Westfood factory is expected to develop the MD2 pineapple material area about 700 hectares.
For the consumer goods segment, the Company will focus on market research and evaluate the development potential of Vikoda mineral water; In addition, restructure the sales team, restructure the product portfolio and focus on potential categories to improve revenue.
In the FMCG segment, the Company plans to cut out product lines with low profit margins, focusing on products with high added value. In particular, focusing on developing the Vikoda brand towards the common goal of achieving group sales, optimizing cost of goods sold, expanding and increasing the efficiency of distribution and sales channels.
As for Vikoda cosmetics, the company will devote research and development resources to improve product quality and launch one or two products to increase sales and affirm the brand.
With the commercial business, the Company minimizes risks in agribusiness, focusing on investing in agricultural products that bring high profits, advantages and competitiveness such as kudzu powder.
Accordingly, TSC plans to do business in 2022 with a target of nearly VND 1,283 billion in net revenue, an increase of nearly 146% compared to 2021; profit after tax was nearly 146 billion dong, an increase of nearly 11%.
Regarding the capital increase plan, TSC will submit to shareholders for approval the ESOP issuance plan, offering share to existing shareholders and offering them privately.
Specifically, TSC plans to directly issue 9.8 million ordinary shares to employees, members of the Board of leadership, Executive board, and managers. The issue price is authorized for the Board of management to determine.
At the same time, TSC will offer 90 million shares, including 60 million shares for existing shareholders and 30 million individual shares. The price of issued shares is 10,000 VND/share.
After the ESOP offering and issuance, TSC’s charter capital will increase to more than 2,966 billion dong, with more than 296.6 million shares.
