(Dan Tri) - The People's Committee of Bac Ninh province has just issued an official dispatch on speeding up the progress of the Hong Hac - Xuan Lam Urban Area investment and construction project.
The Chairman of the People's Committee of Bac Ninh province requested the Department of Agriculture and Environment to urgently guide and organize the issuance of land use right certificates for the Hong Hac - Xuan Lam Urban Area investment project to investors according to regulations, to be completed before March 25.
The Department of Construction urgently organizes the appraisal of basic designs, issues construction permits, ensures conditions for construction commencement and completion before March 15.
The Joint Stock Company for Investment and Trade of the Industrial and Commercial Bank for Industry and Trade is required to develop a plan to organize the construction of licensed project items before April 5.
At the conference to announce the planning and promote investment in Bac Ninh province in 2024 held in September 2024, the Joint Stock Company for Investment and Trade of the Industrial and Commercial Bank for Industry and Trade received the decision approving the investment policy of Bac Ninh province for the investment project to build the Hong Hac - Xuan Lam Eco-Urban Area, Thuan Thanh town, Bac Ninh province. This project has a total investment capital of 27,000 billion VND, equivalent to 1.06 billion USD.
The project has a planning area of 198.5 hectares, with a population of nearly 28,000 people.
Industrial and Commercial Bank Union Investment Joint Stock Company was established in 2009, headquartered in Xuan Lam ward, Thuan Thanh town.
As of 2015, the company had a charter capital of VND320 billion. Of which, the Vietnam Joint Stock Commercial Bank for Industry and Trade's Trade Union contributed VND240 billion (accounting for 75% of the contributed capital), Hanoi Housing Development Investment Joint Stock Company No. 36 contributed VND16 billion, and Hanoi Infrastructure Investment and Architecture Joint Stock Company contributed VND64 billion.
After that, other shareholders withdrew their capital and the Vietnam Joint Stock Commercial Bank for Industry and Trade's Trade Union increased its capital to VND316.5 billion (equivalent to 98.9%). The legal representative and Chairman of the Board of Directors is Mr. Nguyen Van Du (born in 1962). Mr. Du and two other individuals are representatives of the capital of the Vietnam Joint Stock Commercial Bank for Industry and Trade's Trade Union.
In 2016, the position of Chairman of the Board of Directors was transferred from Mr. Nguyen Van Du to Ms. Nguyen Mai Hoa. Afterwards, Mr. Tsen Fan Chih replaced Ms. Mai Hoa. He is currently the legal representative of the enterprise.
In 2022, the capital contribution shareholder structure was converted into Nam Sai Gon Residences Joint Stock Company (nearly 319 billion VND, equivalent to 99.68% of charter capital), Phu The Vuong Development Company Limited, Tan Thuan Company Limited.
In 2022, the company increased its capital to VND 2,620 billion. In July 2024, the company increased its charter capital to VND 4,620 billion, of which Nam Sai Gon Residences Joint Stock Company contributed nearly VND 4,619 billion.
Shareholders contribute capital to the Joint Stock Company for Industry and Trade of the Bank for Industry and Trade (Photo: DKKD).
Regarding Nam Sai Gon Residences Joint Stock Company, as of April 2022, this company has a charter capital of VND 6,120 billion. Capital contributing shareholders include Phu The Vuong Development Company Limited, Phu My Hung Development Company Limited, Phu The An Development Company Limited. Of which, Phu My Hung Development Company Limited contributed nearly VND 6,115 billion, equivalent to 99.91% of the charter capital.
According to the website, Phu My Hung Development Corporation was established on May 19, 1993. Phu My Hung is one of the largest and earliest real estate companies in Vietnam.
In 2023, the investor of Phu My Hung urban area recorded VND 2,197 billion in profit after tax, down 39.2% compared to the same period in 2022. Thus, on average, this company earned more than VND 6 billion per day.
As of the end of June 2024, Phu My Hung's equity reached 12,655 billion, down 1,300 billion VND. Total liabilities increased to nearly 22,400 billion, outstanding bonds were nearly 8,000 billion VND.
Source: https://dantri.com.vn/bat-dong-san/bac-ninh-co-dong-thai-voi-du-an-1-ty-usd-cua-ong-lon-phu-my-hung-20250311132739518.htm
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