A member of Vinacomin is about to list more than 61.9 million shares on HNX

Deo Nai - Coc Sau - TKV Coal Joint Stock Company was established by merging Deo Nai - Vinacomin Coal Joint Stock Company (formerly stock code TDN) and Coc Sau - Vinacomin Coal Joint Stock Company (formerly stock code TC6), and was granted the Certificate of registration for issuance of shares for exchange No. 38/GCN-UBCK by the State Securities Commission dated May 7, 2024; The Company operates under the Certificate of Business Registration No. 5702162138 issued by the Department of Planning and Investment of Quang Ninh province for the first time on June 24, 2024.

It is known that after merging Deo Nai Coal Joint Stock Company - Vinacomin and Coc Sau Coal Joint Stock Company - Vinacomin, the new unit, Deo Nai Coc Sau Coal - TKV, will implement the listing roadmap, and at the same time, the two previous legal entities will delist all of the more than 29.4 million TDN shares and more than 32 million TC6 shares previously listed.

In particular, according to the announcement of exchanging TDN shares and TC6 shares for shares of the merged Company, the exchange ratio is 1:1 (ie 1 TDN share is exchanged for 1 Than Deo Nai - Coc Sau - TKV share and 1 TC6 share is also exchanged for 1 Than Deo Nai - Coc Sau - TKV share) and the transaction was completed in 2024.

According to research, Coc Sau Coal - Vinacomin and Deo Nai Coal - Vinacomin are both subsidiaries of the Vietnam National Coal - Mineral Industries Group (Vinacomin holds 65% of the capital of each company). In particular, according to the merger plan, the merger of the two units aims to improve efficiency in production and business, solve difficulties in exploitation, borders, reserves, dumping, arrange a streamlined organizational model, and arrange reasonable labor. The merger not only reduces the number of contacts but also helps increase resource reserves, maximize savings in human resource management and reduce management costs, resource taxes, ancillary services, etc., thereby improving efficiency in operations.

After the merger of Coc Sau - Coc Sau Coal - TKV is not expected to exploit coal at the current mines of Coc Sau - Vinacomin Coal and Deo Nai - Vinacomin Coal but will exploit coal at the Coc Sau - Deo Nai mine cluster in Cam Pha City, Quang Ninh Province. In particular, Deo Nai - Vinacomin Coal has been assigned to implement the Coc Sau - Deo Nai mine cluster mining project and before the merger, Deo Nai - Vinacomin Coal is carrying out project preparation work including applying for investment policy approval, preparing environmental impact assessment reports, reviewing, appraising...

Regarding the post-merger unit, Than Deo Nai - Coc Sau - TKV still focuses on the core business that is being operated at the two pre-merger companies, which is coal mining. The company will increase its financial scale, reduce costs, and increase the efficiency of production and business activities. Therefore, Than Deo Nai - Coc Sau - TKV expects its revenue and profit plans to increase.

Thus, after the merger, Vinacomin is still the largest shareholder, owning up to 65% of the charter capital at Deo Nai - Coc Sau - TKV Coal.

Returning to the plan to list the new legal entity, previously, on February 28, 2025, Than Deo Nai - Coc Sau - TKV also finalized the list of shareholders to register all of more than 61.9 million shares at the Vietnam Securities Depository and Clearing Corporation (VSDC) and register to list shares at the Hanoi Stock Exchange (HNX).

In particular, according to the listing plan, Than Deo Nai - Coc Sau - TKV expects that the Company can receive the decision to list shares on May 8, 2025 and officially list immediately after that.

Regarding the scale of assets, after the first year of consolidation, at December 31, 2024, Than Deo Nai - Coc Sau - TKV has an asset scale of up to 2,338.1 billion VND. Of which, the main assets recorded 834.4 billion VND in fixed assets, accounting for 35.7% of total assets; inventories recorded 608.3 billion VND, accounting for 26% of total assets; short-term receivables recorded 431 billion VND, accounting for 18.4% of total assets; long-term receivables recorded 241.6 billion VND, accounting for 10.3% of total assets...