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Thursday, June 20, 2024

Dat Xanh invests VND12.5 trillion in property project in Dong Nai

The Saigon Times

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HCMC – Dat Xanh Group (DXG) has announced that its subsidiary Ha An Real Estate Investment and Trading JSC would conduct a project which will require an investment of VND12.5 trillion and cover 152 hectares of land in Dong Nai Province.

The director board of Dat Xanh has assigned the general director of Ha An to negotiate and sign contracts relating to the execution of the project.

Earlier, DXG had approved the issuance of a maximum of VND4 trillion worth of bonds this year.

The group had later passed a resolution to contribute an additional VND4 trillion to Ha An Real Estate Investment and Trading JSC, raising its ownership at the subsidiary to nearly VND12.8 trillion, or 99.99%.

In addition, DXG has transferred 99.99% of its shares, valued at nearly VND2.5 trillion, in Hoi An Invest and its entire capital, which is higher than VND255 billion, at Xuan Dinh Company to Ha An.

Ha An Real Estate Investment and Trading JSC is the investor of the Gem Sky World urban area complex, covering 92.2 hectares of land in Long Thanh District, Dong Nai Province.

At the end of January, DXG also contributed nearly VND297.5 billion to DHG Investment Co., Ltd, whose charter capital is VND350 billion, to fund the Mai Dam new urban area project in Hau Giang Province. The project will cover 96.79 hectares of land and need an estimated VND4 trillion.

Today, DXG closed up 2.13% at VND43,200 per share. Thus, DXG has risen over 27% over the past month.

The VN-Index of the Hochiminh Stock Exchange added 8.65 points, or 0.58%, at 1,498.78 points today.

More than 842 million shares worth over VND26.2 trillion changed hands on the southern market, up 10% in volume and 2% in value compared with the previous session. Of the total, over 45.8 million shares worth nearly VND1.46 trillion were traded in block deals.

On the Hanoi Stock Exchange, the HNX-Index advanced 3.14 points, or 0.71%, to close at 442.8 points. More than 121.19 million shares worth some VND3.6 trillion were transacted on the bourse.

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