In 2025, Kinh Bac (KBC) aims to lease more than 200 hectares of industrial park land.

At the first extraordinary general meeting of shareholders (AGM) in 2025, Kinh Bac Urban Development Corporation - JSC (HOSE: KBC) said that in 2025, the enterprise plans to lease more than 200 hectares of industrial park land.

At the first extraordinary general meeting of shareholders (AGM) in 2025, Kinh Bac Urban Development Corporation - JSC (HOSE: KBC) said that in 2025, the enterprise plans to lease more than 200 hectares of industrial park land.

Confidently achieve your goals

At the General Meeting of Shareholders, Ms. Nguyen Thi Thu Huong, Member of the Board of Directors and General Director of KBC, affirmed that this target could exceed 200 hectares, with the Northern region alone expected to reach 50% of the target in the first quarter.

Notably, KBC has just signed a contract to lease nearly 31 hectares of land in the Nam Son – Hap Linh industrial park with a large technology company as designated by Apple. Currently, this industrial park has only one more project before running out of land. In addition, many other companies are also interested and want to sign land lease contracts this year.

KBC's management board estimates that in the first quarter of 2025, about 100 hectares of industrial park land will be leased. This makes the company completely confident that it will reach the target of 200 hectares this year.

The 1st Extraordinary General Meeting of Shareholders in 2025 of Kinh Bac City Development Corporation (HOSE: KBC) was recently held to approve important decisions.

Ms. Huong also shared about the Que Vo Industrial Park 2 expansion project with an area of 150 hectares located on Ring Road 4 - a prime location with potential for urban development. However, due to the huge demand for industrial park land lease from technology investors, KBC decided to prioritize the construction of this industrial park and is currently completing legal procedures.

In addition, Bac Ninh province is emerging with the Gia Binh airport project, and KBC is fortunate to own 2 industrial parks near this airport with a total area of over 700 hectares. In Trang Due 3 industrial park, 200 hectares of land have been compensated and are completing procedures to welcome investors.

In addition to Bac Ninh, KBC also has projects in Thai Nguyen, Hai Duong, and Hung Yen, attracting the attention of many investors, including a Chinese corporation that came to survey two weeks ago.

Not only focusing on the North, KBC also expands its investment in industrial parks in the Central and Southern regions. According to Ms. Huong, the industrial parks that the Company chooses must meet at least 9/10 strict standards to ensure efficiency.

Don't set high targets to "please" shareholders

Responding to shareholders' questions about KBC often setting high business plans but not achieving targets in recent years, Ms. Huong explained that this was mainly due to objective factors, especially policy mechanisms.

"If only the land clearance compensation had been faster, investors could have come sooner. Land use plans have to wait 5 years to be issued, while customers have needs but KBC still has to wait for procedures," Ms. Huong shared.

According to her, the Company does not set high targets to "please" shareholders. In fact, KBC clearly knows the development potential and market demand, but implementation depends on many factors beyond control.

Despite the difficulties of the past years, Ms. Huong hopes that shareholders will be patient, because KBC is on a sustainable development path. The company will make a breakthrough this year and in the coming years, depending on the State's policies. If it exceeds the target this year, it will also be thanks to the accumulated projects from before.

At the congress, Mr. Dang Thanh Tam - Chairman of KBC's Board of Directors affirmed that the Company has full projects, land funds and customers, but still has to wait for procedures from the management agency.

Currently, KBC owns many large land funds, notably Trang Cat Urban Area (nearly 585 hectares), which has completed its financial obligations since 2020 and has a red book. However, due to the need to adjust the city's general planning, this project has not yet been able to be put into operation.

According to Mr. Tam, KBC has accumulated land funds in Trang Cat for more than 20 years and the current value is very attractive. If the Company sells 10% of the area in 2021, the profit will double compared to the plan. KBC does not 'draw' but has specific products to deploy.

With the new management apparatus of the State, many obstacles have been and are being resolved. Chairman of KBC believes that this is the right time for the Company to break through and regain its worthy position in the market.

Shareholders also questioned whether KBC could implement multiple projects at the same time after many years of delays. Mr. Tam affirmed that the operating apparatus at the industrial parks had been ready for a long time, with each zone having its own management team.

Financially, KBC is in good shape as many major banks have chosen the Company as a lending partner. However, KBC will prioritize using its own capital, then capital from customers and banks to reduce credit pressure.

Therefore, KBC organized an extraordinary shareholders' meeting to approve important decisions, especially the capital increase as required by the State Securities Commission. The capital increase will help the Company have enough resources to implement new projects, with a total charter capital of up to VND 20,000 billion.

"With licensed projects, there is no problem. However, to prepare for future projects, KBC needs to allocate capital reasonably to ensure sustainable growth," Mr. Tam affirmed.

Source: https://baodautu.vn/nam-2025-kinh-bac-kbc-dat-muc-tieu-cho-thue-hon-200ha-dat-khu-cong-nghiep-d251299.html