Vingroup Corporation (stock code: VIC) has just announced that on May 27, the Board of Directors of the corporation issued a resolution approving the transfer of all shares owned by Vingroup at NVY Vietnam Development Joint Stock Company (ratio 99.9%).
Of which, 19.9% of total shares of NVY Vietnam were transferred to Vinhomes Joint Stock Company. After the transfer transaction is completed, NVY Vietnam is no longer a subsidiary of Vingroup Corporation.
At the same time, in the above resolution, Vingroup's Board of Directors also approved the signing and implementation of contracts with Vinhomes related to investment in development, construction, business, and operation of part of the project of the Entertainment, Housing and Park Area in the Vu Yen Island ecosystem in Hai Phong.
It is known that NVY Vietnam was established on April 20, 2024, its main business line is real estate trading, with its head office address at No. 1 Ha Noi Street, Thuong Ly Ward, Hong Bang District, Hai Phong City.
This enterprise has a charter capital of VND11,684 billion, in which Vingroup's capital contribution ratio is 99.914% of the charter capital. Vingroup contributes capital with the value of land use rights.
At the above address, Vingroup has another subsidiary with a similar name, NVY Development Joint Stock Company. According to Vingroup's consolidated financial report for the first quarter of 2024, Vingroup owns 80% of NVY shares.
Previously, the Hanoi Stock Exchange (HNX) announced that Vingroup Corporation had completed the issuance of 20,000 bonds with code VICH2426004 with a face value of VND100 million/bond, total issuance value of VND2,000 billion. Interest rate 12.5%/year.
This is the last batch of bonds in the 8,000 billion VND capital mobilization plan proposed by this group.
In April 2024, Vingroup successfully raised 2 bond lots with codes VICH2426001 and VICH2426002, with a total issuance value of VND 4,000 billion.
By May 2024, the group continued to successfully mobilize VND 2,000 billion from bonds through the issuance of bond lot code VICH2426003. All 3 bond lots above have an interest rate of 12.5%/year.
On the market, Vingroup's VIC stock is priced at VND45,050/share. Compared to the beginning of 2024, this stock has increased slightly by 1%.
Source: https://nld.com.vn/vingroup-chuyen-nhuong-toan-bo-co-phan-cong-ty-bat-dong-san-196240528202912017.htm
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