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Saturday, October 1, 2022

An Gia set to offer 11,400 homes

The Saigon Times

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HCMC – An Gia Real Estate Investment and Development Corporation, which lists its shares on the Hochiminh Stock Exchange (HOSE) under the code AGG, will launch some 11,400 apartments in the 2022-2024 period.

The proceeds from the sale are set to amount to nearly US$1.5 billion, the local media reported.

This year, the firm will hand over the apartments of the The Standard and The Song projects in Binh Duong Province and Vung Tau City and introduce the Binh Duong-based The Gio project, with over 3,000 apartments.

An Gia will continue to develop a number of housing projects in HCMC, Binh Duong, Ba Ria-Vung Tau, Dong Nai and Long An.

Closing the trading session today, March 29, AGG gained over 3% at VND50,300, ending its two-session falling streak.

In another development, Vo Quoc Loi, a member of the board of directors at Truong Thanh Furniture Corporation (TTF), has registered to purchase 1.5 million TTF shares. After the transaction, which will be conducted between April 1 and 30, Loi will raise his stake in TTF to 0.85%.

Meanwhile, Dong Tam Dotalia, a unit of Dong Tam Group, on March 17 sold four million TTF shares to cut its ownership in the firm to 2.84% from 3.86%.

TTF shot up to its upper limits at VND17,200 at the close today.

Good performance of many largecaps pushed the VN-Index of the southern bourse up 14.85 points, or 0.98%, from the session earlier, at 1,497.76 at the end, with 346 winners and 108 losers.

Trade volume totaled over 736 million shares worth VND23.4 trillion changing hands, down 31% and 29% against the previous session, respectively.

The VN30 basket saw 24 gainers, with tech giant FPT ending at its daily ceiling price.

The Hanoi Stock Exchange turned positive as the number of advancers doubled that of decliners by 159 to 72. The HNX-Index improved 6.35 points, or 1.4%, from the session earlier, at 461.24.

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