According to the leader of tỷ lệ cá cược bóng đá, collecting good debts in January 2019 helped Hoa Binh to continue to improve its financial capacity, short-term and long-term debt balances continued to decrease compared to the end of 2018. Hoa Binh has also selected a strategic partner.

Sharing to the press, Mr. Le Viet Hai - Chairman cum CEO of tỷ lệ cá cược bóng đá (Code: HBC) said that: In January 2019, Hoa Binh has actively collected VND 2,900 billion in debts, which is higher than the average revenue of about VND 1,400 billion. Thereby, it significantly reduced the customers’ receivables at the end of 2018 and decreased the short-term and long-term loans.

By the end of 2018, tỷ lệ cá cược bóng đá's short and long-term loan balance was VND 4,342 billion, decreased VND 271 billion compared to the beginning of the year. By the end of January 2019, total loan balance of tỷ lệ cá cược bóng đá continued to decrease to VND 3,868 billion.

According to tỷ lệ cá cược bóng đá, tỷ lệ cá cược bóng đá's receivables are expected to be narrowed in the coming time, when the company continues to boost the debt collection from customers and "no more concessions" to investors or "being burdened" for their late payments.

Mr. Le Viet Hai said, from 2018 to the present, there have been some projects that tỷ lệ cá cược bóng đá has to stop their construction due to the late payments of the investors. However, these investors did not mind, they still introduced new projects to tỷ lệ cá cược bóng đá.

The strong debt collection from the end of 2018 to the present has helped tỷ lệ cá cược bóng đá to escape from the annual financial stress situation in the first quarter of the previous years. In addition, from 2019, tỷ lệ cá cược bóng đá will focus on approving IPC (Interim Payment Claim), in order to significantly reduce the receivables according to schedule.

Concerning the issuance of private shares to strategic investors, Mr. Le Viet Hai said that tỷ lệ cá cược bóng đá has selected an economic organization from the foreign country to be the partner. tỷ lệ cá cược bóng đá and its partners are in the process of finalizing procedures. The details will be reported and submitted to the General Meeting of Shareholders in the 2019 annual meeting held in April 2019. It is expected that the issuance of private shares to foreign partners will be completed in Quarter 2/2019.

On the stock exchange, after a strong decline in 2018, HBC shares had positive signals to recover in 2019. By the end of transaction session on 26/2, HBC market price reached VND 19,050/share, respectively increasing 19% compared to the previous month.

Minh Anh

According to Young Knowledge

Source: tỷ lệ cá cược bóng đá is preparing to issue shares to strategic partners, collected VND2,900 billion in debt in January.

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