Post gazette real estate

On the stock market, SCR has declined sharply, currently at a three-year low of VND6,300 per share. — Photo tintuc.vn Sai Gon Thuong Tin Real Estate JSC (SCR) plans to issue more than 27.1 million shares to pay 2018’s dividend in the fourth quarter of this year. The shares, valued at VND271 billion, will be issued at a rate of 8 per cent, meaning that a shareholder owning 100 shares will receive 8 new shares. Capital for the issuance comes from undistributed after-tax profit estimated on the audited semi-annual financial statements of 2019. Last year, SCR earned VND2.9 trillion in revenue, an increase of more than 60 per cent compared to the previous year. Post-tax profit rose by VND220 billion to VND331 billion. In the first six months of 2019, SCR’s revenue reached less than one fourth of that in the same period last year, standing at VND418 billion. Post-tax profit decreased by 19 per cent to VND134.8 billion. On the stock market, SCR has declined sharply, … [Read more...] about Sai Gon Thuong Tin Real Estate JSC to pay dividend in shares

The ribbon-cutting ceremony to open the real estate centre (Photo: courtesy of Novaland Group) Ho Chi Minh City, (VNA) - Novaland Group has just officially launched a real estate centre, the ninth of its kind of the group, at the Aqua City project, Bien Hoa city, the southern province of Dong Nai. With the opening of this facility in Dong Nai, Novaland hopes to provide a bridge to connect investors and customers to the latest information about the Aqua City project, while also bringing quality services in accordance with Novaland’s standards to customers when they visit. An overview of the opening ceremony (Photo: courtesy of Novaland)   “Novaland is dedicated to developing Aqua City as an international-standard ecological - smart township that meets the growing green living demands of both present and future urban generations. So we hope there will be more and more customers visiting the Novaland Real Estate Centre to explore the Aqua City project for both … [Read more...] about Novaland opens real estate centre in Dong Nai province

The fourth dollar billionaire of Vietnam, Tran Ba Duong, will become the developer of a huge real estate project in Myanmar instead of Doan Nguyen Duc, chair of Hoang Anh Gia Lai Group, who is now focusing on agricultural production. The resolution of the Board of Management of Hoang Anh Gia Lai Group (HAG) released recently shows the decision to transfer 196 million shares, which account for 47.9 percent of charter capital of Hoang Anh Housing Development and Construction JSC, or HAGL Land (HAN) to Dai Quang Minh Real Estate. Hoang Anh Myanmar complex Hoang Anh Gia Lai has completed the transfer of all the remaining shares in the real estate development division as he had planned, even though real estate brought him great success in the past. Prior to that, when releasing the 2018 annual report, Duc stated he would completely withdraw from the real estate sector this year. This is part of his strategy on selling assets to improve the liquidity of Duc’s company. Thanh … [Read more...] about Hoang Anh Gia Lai gives up real estate dream

Dat Xanh Real Estate Service Company is a subsidiary of Dat Xanh Group. — Photo cafef.vn Dat Xanh Real Estate Service JSC has sold all 14.3 million shares at LDG Investment JSC, equivalent to 5.95 per cent of the company’s capital. The shares were sold under agreement method with a value of more than VND175 billion, meaning a share was sold at VND12,400 (US$0.5), higher than the matching price of VND11,300 per share. Dat Xanh Real Estate Service Company is a subsidiary of Dat Xanh Group. The date of the transaction was October 4. At the time of the sale, LDG share price hit 6-month peak of VND11,300 per share, up by 47 per cent. In recent meeting with the media, Nguyen Khanh Hung, LDG's Chairman said that in the next three years, LDG would not issue shares to raise capital. LDG plans to earn VND28 trillion in revenue and VND5 trillion in profit in 2030. To achieve the target, LDG has partnered with foreign funds from the UK, Singapore and Brunei, Hung said. The company … [Read more...] about Dat Xanh subsidiary sells 14 million LDG shares

Netland Real Estate JSC’s representative office inaugurated in Japan on Thursday. The company hopes to both sell its developments to Japanese investors and Japanese properties to Vietnamese. — Photo courtesy of NetlandViet Nam News HCM CITY — Property developer Netland Real Estate JSC opened a representative office in Tokyo on March 28, a step in the company’s plans to expand into the international market to attract investment into its projects in Việt Nam. The office will introduce the company’s real estate projects to partners and investors in Japan, and hopes to attract especially individual investors to the real estate, particularly the tourism property segment in Việt Nam. It is also collaborating with local real estate trading floors and companies to sell its products there and also Japanese products to Vietnamese. At the opening ceremony, the company introduced 16 projects that it solicits investment and its ongoing projects, … [Read more...] about Property company Netland opens office in Japan