Recently, Khanh Hoa Salangane Nests Company has equitized its two member companies...
Recently, Khanh Hoa Salangane Nests Company has equitized its two member companies.
Target at increasing profit
The two just-equitized company is Khanh Hoa Sanest Beverage One Member Limited Liability Company and Khanh Hoa Sanna Beverage One Member Limited Liability Company. Khanh Hoa Sanest has authorized capital of VND330 billion, equivalent to 33 million common stocks (VND10,000/stock). This company has sold stocks for its employees, ordinary investors and strategic investors to collect VND426 billion. The State holds 51% of the authorized capital. Meanwhile, Khanh Hoa Sanna has authorized capital of VND50 billion, equivalent to 5 million common stocks (VND10,000/stock). This company has sold 49% of its stocks to employees, ordinary investors and strategic investors. 51% is held by the State.
The equitization makes the two companies to set up new strategies. Accordingly, Khanh Hoa Sanest has defined to uphold supplying and producing products from natural salangane nests and Sanest salangange nest drink. The company will study new high-class products from natural salangane nests exploited on islands in Khanh Hoa Province. The company will also attach importance to products for children and dieters. The company sets a target of VND1,324 billion in revenue and over VND80 billion in net profit after taxes in 2017. The figures for 2018 are VND1,416 billion in revenue and VND86 billion in profit. And the figures for 2019 are VND1,515 in revenue and VND92 billion in profit.
At the first shareholders’ meeting of Khanh Hoa Sanna, Le Thi Hong Van – Chairman of the board said, “In the time to come, the company will uphold the strength in Sanna bottled water and beverage. The company will also survey new products good for health like drink with Fucoidan, peach tea, atiso tea, etc.” In 2017, the company targets to VND80.5 billion in turnover with VNN6.8 billion in profit after taxes. Targets for 2018 are VND86 billion in turnover with VND7.3 billion in profit after taxes. Targets for 2019 are VND92 billion in turnover with VND7.9 billion in profit after taxes.
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Many solutions after equitization
Right after changing into joint stock companies, their management boards have specific resolutions with long and exacting strategies. Things related to clients, markets, trademarks and human resources are attached importance.
Sanest Khanh Hoa strives to keep its trademark and markets with 1000 distributors and agents in 63 provinces and cities in the whole country. Main markets are Ho Chi Minh City, Da Nang, Hanoi, Dac Lac, etc. The company also intensifies customer care, especially marketing online. Export will be forwarded, especially to the US, Canada and Australia. In the time to come, the company will open offices in the US, Hong Kong and Canada, forestal the ASEAN Free Trade Area (AFTA) agreement, etc.
Having smaller scale, Sanna focuses on domestic market. In the time to come, the company continues investing in modern production lines and machines to improve products’ quality and save production cost. In addition, the company seeks more material sources and more suppliers to have enough materials for production and have competitive prices.
At the first shareholders’ meeting of Khanh Hoa Sanna, General director of Khanh Hoa Salanganes Nest Company Nguyen Anh Hung, said, “Up to this time, Khanh Hoa Salanganes Nest Company has equitized three member companies. In the time to come, more member companies will be changed into joint stock companies. Our target is increasing revenue year-by-year as well as raising payment for our laborers.”
Dinh Lam
Translated by T.T
