At the 2021 Annual General Meeting of Shareholders held on the morning of June 25, Anova Group - a member of NovaGroup - agreed to change its name and plan to offer shares to the public for the first time.
Steady development in difficult economic times
In 2020, the livestock industry has been experiencing many challenges: starting with African swine fever (ASF), price storms in the poultry and catfish farming sector as well as the Covid-19 pandemic with impacts on food consumption demand.
Not letting the common difficulties affect it, Anova Group is recognized as having positive business results in the past time. Reporting at the General Meeting, the Group's representative said that in 2020, the Group's net revenue reached VND 3,112 billion. The Group's after-tax profit was VND 178 billion. The Group's total consolidated assets are VND 3,882 billion, of which VND 2,004 billion is equity.
In the field of veterinary medicine, Anova Group is one of the leading enterprises with 35% of the domestic market share and has been voted for the "High-quality Vietnamese Goods" award for many consecutive years. In particular, Anova Group contributes to honoring the Vietnamese veterinary medicine brand in the international market with products exported to more than 26 markets, including developed countries such as Korea, UAE, Malaysia, Thailand, etc.
In addition, Anova Group was selected as a strategic shareholder of Navetco - a Vietnamese enterprise that successfully researched a vaccine to prevent African swine fever. In addition to Navetco, Anova is also a strategic shareholder of Vetvaco - another unit specializing in vaccine production in the agricultural sector.
Entering the consumer goods market
At the General Meeting, the Board of Directors of Anova Group submitted to the General Meeting of Shareholders for approval of the 2021 business plan and changes in business registration content. Accordingly, Anova was unanimously renamed Nova Consumer Group Joint Stock Company (Nova Consumer Group) with the orientation of developing more consumer goods industries. Nova Consumer Group (NCG) will seek investment opportunities in the food sector to quickly complete the 3F closed food supply chain from farm to table, in order to improve the Group's business efficiency and create value for investors.
Anova Group's 2021 Annual General Meeting of Shareholders was held online
Nova Consumer Group will continue to focus on developing its agricultural business activities. In the veterinary medicine sector, the Group aims to develop the market, increasing sales volume by over 50%. For the livestock industry, the goal in 2021 is to add at least 2 large-scale pig farms and a chicken farm system with nearly 1 million chickens in the Southern region.
At the General Meeting, the Shareholders' Meeting approved the plan for an initial public offering and plans to list shares on the Ho Chi Minh City Stock Exchange in the near future. This is a strong and timely transformation of Nova Consumer Group to become one of the three main pillars of NovaGroup (Novaland Group, Nova Service Group and Nova Consumer Group).
Source: Nhịp sống kinh tế