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Hapaco (HAP) eyes investment in 4-trillion-VND wind power project

Feb 17th at 10:43
17-02-2021 10:43:12+07:00

Hapaco (HAP) eyes investment in 4-trillion-VND wind power project

Hapaco eyes investment in 4-trillion-VND wind power project
Hapaco eyes investment in 4-trillion-VND wind power project - Illustrative image (Photo: VNA)

The Hapaco Group JSC is planning to invest 4 trillion VND (174.1 million USD) in a wind power project in the Central Highlands province of Gia Lai.

The project is among those to be submitted for approval at the group’s annual shareholders’ meeting, which is slated for March 14.

The meeting will also discuss an investment in building a 23-ha care centre for the elderly in the northern city of Hai Phong’s Thuy Nguyen district as well as Hapaco’s new development orientations in social housing and guest worker services.

Hapaco (stock code HAP) was one of the first listed on Vietnam’s stock market. As of December 31 last year, its total asset exceeded more than 808 billion VND.

Last year, the group reeled in 335 billion VND in revenue, an annual decrease of 11 percent. Its after-tax profit, meanwhile, hit 34.3 billion VND, up 69 percent on-year.

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