On July 5, 2024, ROX Key Holdings Joint Stock Company (stock symbol: TN1) approved the Resolution of the Board of Directors to implement a plan to issue dividend-paying stocks in 2023.
The 2023 dividend payment was approved by the General Meeting of Shareholders in April 2024. Accordingly, shareholders of TN1 will receive 15% dividends, of which 10% will be received in stocks at the ratio of 100:10 (shareholders owning 100 stocks will receive 10 new stocks) and 5% in cash (shareholders receive VND 500 per 1 share owned).
On July 9, TN1 reported on the payment of bond principal and interest for the period from January 1, 2024 to June 30, 2024. Specifically, in the first 6 months of 2024, investors owned VND 490,800,000,000 in bonds, and the amount of TN1 bond interest payments was more than 19.8 billion VND. The Company always ensures on-time payment schedules.
A high-rise apartment project operated by TNPM, a member of ROX Key.
In a challenging economic environment, the market views ROX Key Holdings' efforts to protect corporate operations and uphold shareholders' rights as positive aspects.
In a recent move, Sao Hom Investment Company Limited acquired 2.6 million TN1 equities from FPT Fund Management Joint Stock Company (FPTC), recognizing the growth possibilities of ROX Key. The representative from Sao Hom expressed confidence in the substantial potential of Vietnam's real estate management business and emphasized their faith in ROX Key.
ROX Key Holdings (formerly known as TNS Holdings) is a leading provider of integrated solutions in the areas of real estate management and operations, hotel and lodging management, human resources, and technology. The collaboration and service assistance among members of ROX Key Holdings have generated additional synergistic benefits for customers.
In 2024, the Board of Directors of ROX Key Holdings sets a target for net revenue of VND 960 billion and profit after tax to increase approximately 10% compared to 2023, equivalent to VND 57 billion.
In order to accomplish this objective, ROX Key Holdings has adopted strategies to enhance management, make substantial investments in human resources and technology, and engage in brand development initiatives, among other activities, since the start of the year. Specifically, Mr. Nguyen Van Hiep has been selected as the General Director of the company with the aim of implementing new methods to establish ROX Key as a highly effective operational unit in the Vietnamese market.
The company is also implementing strategies to expand and capitalize on various real estate utility services in the upper market segment. Additionally, there is a strong focus on investing in digitization initiatives for critical projects, as well as investing in human resources and fostering the development of corporate culture.