18 March 2021
Receive cash dividend 2020 at rate 200% from affiliated company - Hyojung Soft Tech
Today, Mar. 18th, 2020 Everpia receive cash dividend 2020 at rate 200% from affiliated company - Hyojung Soft Tech.
Hyojung Soft Tech is a fast growing financial technology and banking services company driving innovation in POS system and payment services. Hyojung Soft Tech provides a total POS solution to retail stores with advanced Korean technology. Hyojung is well-known for its services spanning from POS (Payment), PCPOS, PROGRAM, and SI(System Intergration). As financial statement for year 2020, Hyojung’s revenue reached VND25,3 bil., with VND11,9bil. in profit after tax.
Besides financial returns from invested capital, investing in Hyojung aims to drive the digital transformation of Everpia’s wide network of 600 franchise stores and showrooms throughout Vietnam. All of Everon stores will be equipped with advanced Fintech technologies ranging from financial services, POS, and card bank services (zeropay, giftcon, and virtual account services) to customer management services. Furthermore, Big Data analysis from all transactions occurred at Everon stores will help Everpia to effectively curate its product portfolio and efficiently manage its production and distribution system.
With the rapid development of the digital revolution in Vietnam, Hyojung expects an average growth rate of 30% in the next 5 years. If the business results were as expected, Hyojung would pay mid-term cash dividend 2021 in July. Thus, Everpia will be able to pay back its investment within one year of the investment.
Hyojung Soft Tech is a fast growing financial technology and banking services company driving innovation in POS system and payment services. Hyojung Soft Tech provides a total POS solution to retail stores with advanced Korean technology. Hyojung is well-known for its services spanning from POS (Payment), PCPOS, PROGRAM, and SI(System Intergration). As financial statement for year 2020, Hyojung’s revenue reached VND25,3 bil., with VND11,9bil. in profit after tax.
Besides financial returns from invested capital, investing in Hyojung aims to drive the digital transformation of Everpia’s wide network of 600 franchise stores and showrooms throughout Vietnam. All of Everon stores will be equipped with advanced Fintech technologies ranging from financial services, POS, and card bank services (zeropay, giftcon, and virtual account services) to customer management services. Furthermore, Big Data analysis from all transactions occurred at Everon stores will help Everpia to effectively curate its product portfolio and efficiently manage its production and distribution system.
With the rapid development of the digital revolution in Vietnam, Hyojung expects an average growth rate of 30% in the next 5 years. If the business results were as expected, Hyojung would pay mid-term cash dividend 2021 in July. Thus, Everpia will be able to pay back its investment within one year of the investment.