Company with former actor Chi Bao as CEO: Reduced capital from 100 billion to 100 million

Novaland Dat Tam Real Estate Investment Company Limited is a company with 51% of its capital contributed by Novaland and the remaining 49% by Dat Tam Investment Joint Stock Company. The legal representative and general director of Novaland Dat Tam is Mr. Pham Gia Chi Bao - a former actor.

Former actor Chi Bao at a Novaland event - Photo: Facebook Novaland Group

The Board of Directors of No Va - Novaland Real Estate Investment Group Joint Stock Company (NVL) has just passed a resolution approving the reduction of the company's capital contribution at Novaland Dat Tam Real Estate Investment Company Limited.

The value of Novaland's capital contribution at Novanland Dat Tam decreased from 51 billion VND to 51 million VND.

Notably, although the actual contribution value has decreased significantly, NVL's ownership ratio at Novaland Dat Tam remains unchanged at 51%. Thus, the total charter capital of Novaland Dat Tam is only 100 million VND compared to the initial 100 billion VND.

Regarding the form of capital reduction, Novaland Dat Tam will return a part of the capital contribution to members according to the capital contribution ratio in the company's charter capital.

According to data from the national business registration system, Novaland Dat Tam Real Estate Investment Company Limited was established on February 28, 2022, with its main business line being real estate, headquartered in District 3, Ho Chi Minh City.

Business registration shows that Novaland Dat Tam has an initial charter capital of 100 billion VND, of which 51% is contributed by Novaland and the remaining 49% is held by Dat Tam Investment Joint Stock Company.

The legal representative and general director of Novaland Dat Tam is Mr. Pham Gia Chi Bao (former actor Chi Bao).

At the same time, Mr. Bao is also the director and legal representative of Dat Tam Investment Joint Stock Company - the unit holding 49% of Novaland Dat Tam's capital.

As for Dat Tam Investment Joint Stock Company, this real estate company was established in January 2019, with a charter capital of 200 billion VND, operating in the form of a limited liability company. There are two members contributing capital, including Mr. Pham Gia Chi Bao with 99.9% of capital, and the remaining 0.1% of Ms. Ly Thi Tu Dao.

After 4 months of operation, Dat Tam Investment Joint Stock Company also increased its capital from 200 billion VND to 500 billion VND and finally to 1,200 billion VND in May 2019. After two capital increases, Mr. Bao still maintained the ownership ratio of 99.9%.

By June 2019, Dat Tam Investment had switched to a joint stock company model, and at the same time recorded a change in shareholder structure when Mr. Bao reduced his holding ratio to 60%. Two new shareholders appeared: Vidotour Asia Tourism and Trade Company Limited holding 5%, Ms. Nguyen Tuyet Mai 35%. The initial director and legal representative was Ms. Ly Thi Tu Dao, then also transferred to Mr. Bao.

Source: https://tuoitre.vn/cong-ty-do-cuu-dien-vien-chi-bao-lam-ceo-giam-von-tu-100-ti-con-100-trieu-20241231131743456.htm