An Phat 1 High-Tech Industrial Park Joint Stock Company has just announced the early repurchase of all two bond lots AP1CH2227001 and AP1CH2126001 with a total value of 320 billion VND.
Of which, the AP1CH2227001 bond lot was issued on December 29, 2022 with a mobilized value of VND 150 billion. The bond lot has a term of 5 years, a fixed interest rate of 6%/year, maturing on December 29, 2027; and the AP1CH2126001 bond lot was issued on July 19, 2021, with a total mobilized value of VND 170 billion. The bond has a term of 5 years, a fixed interest rate of 6%/year, maturing on July 18, 2026.
In the past, An Phat 1 only circulated the 2 above-mentioned bond lots. Thus, by buying back 320 billion in principal debt of both bond codes, An Phat 1 has fully paid off all 2 issued bond lots ahead of schedule and brought the value of the outstanding bonds to 0 VND.
An Phat 1 is a company operating in the field of industrial park infrastructure development and business. The company is currently known as the developer of An Phat 1 industrial park infrastructure. An Phat 1 industrial park has a total planned area of 180 hectares with an investment capital of nearly 2,000 billion VND, and an operating period of 50 years (2021-2071).
This project is oriented to develop into a high-tech industrial park and is expected to attract and create stable jobs for about 27,000 workers. In early 2023, An Phat 1 Industrial Park will complete phase 1 technical infrastructure with an area of 100 hectares and begin to attract investment.
An Phat 1 is a subsidiary of An Phat Xanh Plastic JSC (Code: AAA). As of the end of the second quarter of 2024, An Phat Xanh Plastic holds 94.7% of capital with a voting ratio of 99.99% at An Phat 1.
Meanwhile, An Phat Xanh Plastics is a subsidiary of An Phat Holdings Corporation (Code: APH). In early September 2024, both An Phat Holdings and An Phat Xanh Plastics adjusted their business plans down this year.
Of which, An Phat Holdings Group's consolidated revenue decreased from VND 14,000 billion to VND 13,000 billion, down 7.14% and consolidated profit after tax from VND 314 billion adjusted down to VND 281 billion, down 10.51%.
An Phat Xanh Plastics also adjusted down its 2024 production and business plan with consolidated revenue from VND 12,000 billion to VND 11,000 billion, down 8.33% and consolidated profit after tax from VND 377 billion to VND 314 billion, down 16.71%.
