Looking at the huge debt from Shark Thuy's Apax Holdings: Total liabilities are above 3,190 billion VND

Based on the financial statements, it can be seen that by the end of the third quarter of this year, the enterprise is carrying a short-term debt to pay employees of more than VND 55.8 billion, an increase of more than VND 330 million compared to the beginning of the year.

Recently, "Shark Thuy" is one of the most searched keywords because it is related to a series of scandals such as: good investors who cheat on debt, companies that do not pay employees, English centers After the press reported that a series of Apax Leaders English centers were accused of arrears by teachers and parents demanding money, Mr. Nguyen Ngoc Thuy (Shark Thuy) - Chairman of the association Board of Directors of Apax Holdings Investment Joint Stock Company - spoke out.

Explaining to the Stock Exchange, Mr. Thuy said Apax English is a subsidiary of Apax Holdings, with an ownership rate of 66.36%. Some press information related to this subsidiary has been reviewed, checked and verified by Apax Holdings. The test results showed that: "The problems raised by the press are the existence of Apax English and the leaders of Apax English have been coordinating with Apax Holdings to have appropriate solutions".

Mr. Thuy also affirmed that Apax English's information appearing in the press "does not have a great influence on the production and business situation as well as the management situation of Apax Holdings", because Apax Holdings is the parent company and operates the business. independent action. "After 2 years of extremely difficult COVID-19 epidemic, the incident happened in the company's business and investment provisions," said Mr. Thuy.

In terms of business health, according to the newly released third quarter consolidated financial statements, accumulated in the first three quarters of 2022 Apax Holdings recorded net revenue of more than 1,040 billion VND, a decrease of nearly 25% compared to the same period last year. . After deducting the cost of goods and expenses, the enterprise only retains a net profit after tax of approximately VND 24 billion, although this result is still twice as high as compared to the same period last year - during the COVID-19 pandemic. strong outbreak.

Based on the financial statements, it can be seen that by the end of the third quarter of this year, the enterprise is carrying a short-term debt to pay employees of more than VND 55.8 billion, an increase of more than VND 330 million compared to the beginning of the year. Total liabilities of the enterprise are at over 3,190 billion dong, more than double the equity (approximately 1,618 billion dong).

This shows that the enterprise has a relatively thin equity, business activities mainly depend on debt sources. By the end of the third quarter of this year, Apax Holdings' assets reached VND 4,808 billion, up 4% compared to the beginning of the year.

While the stock market faced many difficulties, closing today's session, Apax Holding's IBC code temporarily dropped to the floor price of 16,950 dong/share, equivalent to a 25% decrease within a year. Explaining this, Mr. Thuy said, due to the impact of the COVID-19 pandemic, the system's educational institutions had to close for more than 2 years (2020 - 2021), had no revenue, and nearly 1 year. 2022) to focus resources on operations and business recovery after the pandemic.

"With a large system, the Group is burdened with costs of space, operation, salary of employees and many other financial obligations as prescribed by law. This has made the performance of obligations towards the partners. shareholders were interrupted, greatly affecting the personal financial plans of the shareholders "- Mr. Thuy explained.

Sharing about this issue, Mr. Thuy said that Egroup has been planning to restore the system and restructure Apax English/Apax Leaders - Egroup's largest educational member unit to optimize space costs. and operations to improve operational efficiency. Accordingly, the Group will focus on core business activities, which are investment in education, the fastest reopening of existing English centers, and aim to gradually develop into Cambodia and Southeast Asian markets. , Dubai and South Africa...

In addition, Egroup also cooperates to invest in the field of educational infrastructure, developing educational real estate projects, resorts and nursing homes. Regarding the rumors of making a settlement application in Europe, Mr. Nguyen Ngoc Thuy affirmed that he had never thought of leaving the organization or abandoning shareholders and customers.

Mr. Thuy said rumors that he had asked a service company to make documents for his family to settle in Europe were completely fabricated. Egroup side has been coordinating with relevant authorities to verify information of individuals who spread false rumors to handle according to the provisions of law.

What sentence does Shark Thuy face after being prosecuted? Phong Trần17:20:33 27/03/2024According to the law, Shark Thuy (Nguyen Ngoc Thuy) - Chairman of the Board of Directors, General Director of Egroup and his accomplices will have to face the highest penalty for the crime of LDCDTS.