Signing ceremony of investment contract and strategic cooperation between Bin Corporation Group and A Chau English System
26 Aug, 2022 (GMT+7)Export To PDF
Time: 14:00 - 16:00, 26th August 2022
Location: A Chau Center - 468 Thong Nhat Street, Ward 16, District Go Vap, Ho Chi Minh City
Signing ceremony of investment contract and strategic cooperation between BIN Corporation Group and A Chau English System.
A week after Shark Tank season 5 episode 11 aired (August 14, 2022), Shark investor Hung Anh and his associates BIN Corporation Group conducted an appraisal of A Chau English System (ACE) project.
A Chau English System currently has 20 branches with 12,245 students currently studying, concentrated in the districts and suburbs of Ho Chi Minh City (an increase of 245 students at the time of broadcast).
Sales in 2019 reached 116 billion VND, bringing profit of 35 billion VND. In 2020, sales of 88 billion VND, bridging profit of 13 billion VND. In 2021, sales reached 41 billion VND, negative 23 billion VND.
Particularly in the first seven months of 2022, sales reached more than 77 billion VND, profit 20 billion VND. The enterprise value after the audit reached more than 150 billion VND.
After completing the due diligence process (Due Diligence), accurate information, transparent data, BIN Corporation Group and A Chau English System agreed to conduct the first contract signing ceremony for contract investment and strategic cooperation.
Specifically, BIN Corporation Group invested 1 million USD for 12% of shares of A Chau English System. This capital will be used to launch six new branches across the country and upgrade the online teaching system, financial management application software, student management, monthly level test, professional level test, and improve student satisfaction, etc.
PARTICIPANTS AT THE COOPERATION SIGNING CEREMONY
1. BIN CORPORATION GROUP
- Mr. Le Hung Anh, Chairman of the Board of Directors and General Director of BIN CORPORATION GROUP.
- Ms. Pham Thi Kim Anh, Chief Financial Officer of BIN CORPORATION GROUP.
- Mr. Hoang Long, Chief Operating Officer of BIN CORPORATION GROUP.
- Mr. Ta Cong Minh, Head of Business Appraisal Department BIN CORPORATION GROUP.
- Ms. Lam Thi Thy Tho, Head of Internal Communication Department BIN CORPORATION GROUP.
2. The production unit of the Billion-Billion Trade Program (Shark Tank 5), TV HUB Media Joint Stock Company
- Ms. Le Hanh, General Director of TVHub, Production Director of Shark Tank VN.
- Mr. Nguyen Nam, Director of TV HUB.
- Communication Department TV HUB.
3. Asia English Center System
- Mr. Nguyen Dinh Hai, Chairman of the Board of Directors of A Chau English System.
- Master Truong Kieu Oanh, Director of the A Chau English System.
- Mr. Nguyen Truong Thanh Tri, Quality Manager of A Chau English System.
- Ms. Ho Thi Ky, Financial Manager of A Chau English System.
- Managers and Department Heads of A Chau English branches.
MEANING OF THE EVENT OF SIGNING THE INVESTMENT CONTRACT AND STRATEGIC COOPERATION BETWEEN BIN CORPORATION GROUP AND A CHU ENGLISH SYSTEM
1. Investor BIN Corporation Group
This project that Shark Hung Anh and his associates quickly and conveniently appraised due to clear and transparent financial data. From a new industry compared to our group's ecosystem, we believe this project could bring many positive values to the community and society. In particular, this project will help open more English teaching branches in suburban areas and neighboring provinces.
As a multi-industry financial services group, BIN Corporation Group operates in overseas business in financial centers of the world such as the US, Europe, and Asia. BIN Corporation Group considers English as the key to all business activities and development. Therefore, investing in developing the English teaching and learning system is a meaningful activity, contributing to improving the quality of human resources, and bringing positive values to the whole society, including BIN Corporation Group.
2. A Chau English System
According to founders Mr. Nguyen Dinh Hai and Ms. Truong Kieu Oanh, calling for investment capital is a part of the bigger plan of A Chau English Center (ACE) for the next five years. Their purpose is to determine transforming and upgrading technology. From that, it helps to spread the advanced English teaching methods that the system has currently applied to students.
Through the program Shark Tank 5, A Chau English System was fortunate to find a dedicated and like-minded companion Shark Le Hung Anh. With BIN Corporation Group's strength in applying international service chain business technology, Shark Le Hung Anh can help ACE transform rapidly in the next five years.
A Chau English system believes that technology will be the lever to help ACE rise to new heights in the 4.0 era.
Some pictures at the signing ceremony:
Follow Shark Le Hung Anh at: https://www.facebook.com/SharkLeHungAnh