28 Hung Phu Joint Stock Company (Vietnam)

The subject specializes in manufacturing and processing shirts. Formerly, the subject was a public company on UPCOM with the stock symbol “HPU”. In May 2021, the subject announced to cancel the status of a public company from 16 Apr 2021. The situation of its export goods in 2022 was more favorable and stable than it was in previous year. In addition, the subject has also cooperated with some new customers and export brands. The total production volume in 2022 reached 2.3 million units. However, due to the war between Russia and Ukraine, inflation and fluctuations in world energy prices... have affected the company's production, business and management. The situation of exports to some countries in the UK, the USA, EU showed signs of slowing down. Besides, the labor size fluctuated and continued to decrease. Recently, the company auctioned to lease a part of the building's premises at "No. 168, Quang Trung Street, Ward 10, Go Vap District, Ho Chi Minh City, Vietnam". The leasing area is 4,660 m2 with a term of 10 years. Starting price for leasing is VND 550,000,000/month, equivalent to VND 61.8 billion /10 years. And, The Gioi Di Dong Joint Stock Company won the auction for this premises. Leasing this premise will bring the company a fixed annual income.