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Planning for HHV in the development strategy of Deoca Group

September 25, in Sam Son city, Thanh Hoa province, Deoca Group held a board meeting under the direction of Mr. Ho Minh Hoang - Chairman of the Board of Management. The meeting focused on the development strategy of Deoca Transport Infrastructure Investment Company (stock code: HHV).

Accordingly, the Board of Management affirmed that HHV’s development strategy is included in the overall centralized growth strategy of Deoca Group. HHV is oriented to become a leading enterprise in the country and toward the world with the mission of bringing a safer and better life for the people.

Participating in building infrastructure foundation for the country future development is an inevitable trend in the current context. We are ready to provide enough capital, accompany Deo Ca Group to participate in the Government’s plan to build 4000km by 2030...

Mr. Nguyen Hai Chau, Chairman of the Board of Directors of EVS

Deoca Group creates “real value”, together with HHV increases “real value” are participating in the Government’s target of completing 4,000 more kilometers of expressway by 2030 by specific methods such as promoting PPP projects; promoting decentralized decision making, assigning the local government to be the competent authorities; The State contributes to capital resources, encouraging investors to diversify capital sources such as capital increase, listing shares, issuing bonds, BBC, credit.

With the advantage of a comprehensive business ecosystem including project investment, consultant, construction and installation general contractor, material production, along with long experience in operating tunnel and expressway constructions and the parent company is preparing to implement major projects… the Board of Management has set forth a specific strategy: For the short term, become the leading construction general contractor for transportation infrastructure; For the medium term, promoting the strength of monopoly in management, exploitation and operation of tunnels and highways, participating in the investment and construction of transportation infrastructure; For the long term, handling difficult projects, participating in investment and development projects of real estate, rest stops, renewable energy, mobilizing capital through capital increase, listing shares, issuing bond, and investing in BCC contract.

The board meeting of Deoca Group also mentioned other issues such as: Adjusting the structure and duties of members of the Board of Management; The key tasks for the period of 2021 - 2022; Organizing the evaluation of the Board of Management.

At the meeting, Dr. Nguyen Duc Huong, Former Chairman of LienVietPostBank, said: “Mr. Ho Minh Hoang is a special person with methods of running the business: No small business; No formalism - Creating real value; Not to put the business’s profit above everything. Therefore, I decided to participate in Deoca’s Advisory Council”.

Mr. Ho Minh Hoang is a special person with methods of running the business: No small business; No formalism - Creating real value; Not to put the business’s profit above everything. Therefore, I decided to participate in Deoca’s Advisory Counci.

At the meeting, Dr. Nguyen Duc Huong, Former Chairman of LienVietPost Bank, said

Concluding the meeting, Mr. Ho Minh Hoang expressed his gratitude to the Advisory Council for the great contributions, affirming that Deoca Group will go within the competence circle with the spirit of “Think different; Make difference”, clearly defining responsibility to the country by upholding the dedication desire; To the Group, be honest, sharing and dedicating; To shareholders, creating real value, be transparent and optimize profits for shareholders; To partners, cooperating to success, creating service supply chains and developing the ecosystem, optimizing profits. The goal is “the golden road creating gold value” and “turning the human flow into cash flow”.

Immediately after the board meeting, Deoca Group signed two cooperation agreements. The first one is an agreement with Everest Securities Company (EVS) to provide corporate financial consulting services and capital arrangement consulting services; the second is the business cooperation contract (BCC) between DCG and partners to invest in Cam Lam - Vinh Hao expressway project. Those are the first steps in realizing new methods of capital mobilization for investment in transport infrastructure.

Mr. Nguyen Hai Chau, Chairman of the Board of Directors of EVS expressed his honor to cooperate with DCG: “Participating in building infrastructure foundation for the country future development is an inevitable trend in the current context. I was impressed by the development plans of Deoca Group. I can see the generosity and commitment of Mr. Hoang and Deoca people. We are ready to provide enough capital, accompany Deoca Group to participate in the Government’s plan to build 4000km by 2030...”.

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