According to the announcement of Asia Group (Asia Group, stock code AIG), the last registration date to establish the shareholder list for AIG shares of Asia Group AIG is December 2, 2024 to obtain shareholders' written opinions on the ratio of rights allocation, approve the proposal to change business lines and other issues under the authority of the General Meeting of Shareholders according to the provisions of law and the Company's Charter.

Expected implementation time is from December 3-31, 2024, implementation location at AIG Asia Materials Joint Stock Company, address: Lot TH-1B, Road No. 7, Southern Commercial Area, Tan Thuan Export Processing Zone, Tan Thuan Dong Ward, District 7, Ho Chi Minh City.

The news that the company wants to change its business line surprised the public because AIG shares of this company were only officially traded on UPCoM on November 11 with a reference price of VND63,000/share. After more than a week of trading, the company's capitalization decreased by nearly VND2,000 billion, down to VND8,800 billion.

Asia Materials Corporation (Asia Group, stock code AIG) consults shareholders on approving the proposal to change business lines and some other issues.

Asia Raw Materials specializes in supplying and producing raw materials for the food processing industry in Vietnam; providing technical solutions, raw materials and nutritional products through the ecosystem for the food raw materials industry.

As of September 30, 2024, AIG owns 10 direct subsidiaries, 2 indirect subsidiaries, 1 indirect joint venture, 1 direct associate and 2 associates. AIG's customers are famous brands such as Vinamilk, TH True Milk, Nutricare, Nutifood, Nestle, Masan, Duc Viet, Vifon, Dabaco, Acecook...

In terms of business results, AIG's net revenue in the third quarter of 2024 reached VND3,112 billion, up 7% year-on-year, and after-tax profit reached nearly VND203 billion, up nearly 10% year-on-year. In the first 9 months of 2024, after-tax profit was VND634.4 billion, while in the same period of 2023 it reached VND579 billion.

Previously, in 2023, AIG's after-tax profit reached VND787 billion - a slight decrease of 1% compared to 2022.

Currently, Mr. Nguyen Thien Truc is Chairman of the Board of Directors, Mr. Nguyen Bao Tung holds the position of General Director.

Thu An