(SECURITIES INVESTMENT) 188bet com FIT’s General Director said 188bet com Company has been completing procedures, being expected to complete transferring stock exchange in 188bet com next 2 months.
Over 5 first months of 188bet com year, F.I.T Investment JSC (share sticker: FIT) has accomplished many significant objectives for 2015. In 188bet com next period, Mrs. Nguyen Thi Minh Nguyet, General Director of F.I.T said 188bet com Company would continue to fully implement contents 188bet com AGM adopted earlier this year, in which 188bet com plan for transferring FIT shares from HNX to HOSE is also being implemented urgently by 188bet com leadership.
Nearly a half of year has passed. Could you tell us 188bet com completion level of 188bet com Company’s objectives in 2015?
Although only 5 months of 2015 have passed, including a relatively long New Year holiday, however, we are very proud because of accomplishing numerous major objectives of this year which shareholders have entrusted.
Firstly, in 188bet com Q1/2015, consolidated profit after tax of 188bet com Company reached over VND 112 billion, completing nearly 50% of 188bet com year’s planned profit. This is factor helping F.I.T leadership to be confident and complete exceeding 188bet com year’s profit plan.
Secondly, it is 188bet com plan for owning a pharmaceutical enterprise. Recently, F.I.T has increased 188bet com ownership level at Cuu Long Pharmaceutical Joint Stock Corporation (Share sticker: DCL) to 60% of 188bet com chartered capital. 188bet com good point is 188bet com Company has accomplished this issue within 188bet com context F.I.T has not collected proceeds from capital raising issuance and 188bet com transactions happened in gloomy market. These help F.I.T decrease costs compared to costs planned initially.
Thirdly, it is completing 188bet com capital increase in 188bet com 1st phase to nearly VND 1,800 billion. F.I.T has raised capital successfully in 188bet com context of unfavourable market, showing 188bet com trustworthy of shareholders in 188bet com future of F.I.T, also helping 188bet com Company take advantage of 188bet com current market conditions for 188bet com investment plan, business expansions and enterprise acquisitions.
Obtaining 188bet com trustworthy of shareholders, of course, we are also under much higher pressure. I myself also wonder: how to sustain 188bet com business more firmly and effectively, worthy of 188bet com trust of shareholders and new level of F.I.T?
Finally, 188bet com leadership of companies in 188bet com system continues to boost restructuring and improve business quality and efficiency. Recently, 188bet com subsidiaries and 188bet com affiliated companies have made a significant movement in terms of business performance. And I believe that in 188bet com near future, shareholders will see 188bet com changes of that performance through impressive figures on business results.
That is business performance, how about other aspects? In 188bet com recent Annual General Meeting of Shareholders, F.I.T has approved 188bet com plan of transferring listed share from HNX to HOSE. Which stage 188bet com company has implemented this, madam?
Criteria for 188bet com operation of F.I.T are commitment and commitment implementation, meaning what we have promised shareholders, we attempt to implement and finish them or even finish them better than commitment. In 188bet com case of listing, stock exchange transferring are also 188bet com same.
Presently, we are in 188bet com stage of completing procedures to transfer listing share from Hanoi Stock Exchange to Ho Chi Minh Stock Exchange. I hope 188bet com Company can accomplish this plan and list our share on HOSE in 188bet com August.
FIT share currently is one of 188bet com “stars” of liquidity on HNX. If transferring to HOSE, might it lose its stature, madam?
I think 188bet com most important is 188bet com intrinsic attractiveness of that share. 188bet com investors who knew and participated to invest in F.I.T would continue to invest in 188bet com Company whether we are on HNX or HOSE. Meanwhile, 188bet com plan of transferring listed on HOSE has few “plus” points for 188bet com shareholders and 188bet com development of F.I.T in 188bet com future.
188bet com first is 188bet com liquidity of FIT share. With current liquidity and capitalization of 188bet com Company, I think that it is not difficult for FIT share to reach shares portfolio of ETFs. This is what investors predicted if FIT share is transferred to HOSE.
188bet com second is 188bet com goal which 188bet com Company aims to, that is foreign strategic partners. 188bet com truth is though enterprises listed on HNX have good quality; nevertheless, 188bet com attention of foreign investors to enterprises on HOSE is better.
Presently, in our operation sector, F.I.T still has partners who are foreign institutions, however, we still direct to enhance scale, quality of operations, image, and prestige in order to identify and select foreign strategic partners appropriate to our expectations.
Could you please share with shareholders about operating plans of F.I.T in 188bet com second half of this year?
We still comply on principles is to closely follow activities of F.I.T strategies in restructuring and long-term development as well as short term business indicators.
With 188bet com business result of 188bet com 1st Quarter and 5 begin-months of this year of 188bet com whole system, accomplishing target of profitability is within reach of 188bet com Company.
We are implementing 188bet com acquisitions of at least 2 more enterprises for 188bet com system to implement key investment strategies into basic commodities companies: agricultural materials, victuals, pharmaceuticals … besides maximize short term investments and bond trading opportunities. Regarding 188bet com plans transferring stock exchange, as I said above, it is expected to be completed within next 2 months.
