Hoa Binh Construction Group Corporation has won the bid for the Eaton Park project worth nearly VND1,900 billion invested by Gamuda Land in Thu Duc City.
After record profits, Hoa Binh Construction won a project worth nearly 1,900 billion VND - Photo: VH
On October 29, Hoa Binh Construction Group Corporation announced that it had won the bid for the Eaton Park project worth nearly VND1,900 billion invested by Tam Luc Real Estate Corporation under Gamuda Land Group (Malaysia).
Eaton Park project is located on Mai Chi Tho street, adjacent to Thu Thiem urban area in Thu Duc city (HCMC) with a total area of over 3,769 hectares, including 6 towers from 29 to 41 floors high.
Mr. Le Viet Hai - Chairman of Hoa Binh Construction Group - said that this contractor has surpassed many big competitors to win the bid for the body, finishing, and electromechanical package of the Eaton Park project with a package value of nearly 1,900 billion VND.
According to Mr. Hai, previously Hoa Binh Group was the contractor for Gamuda Land projects such as the Ruby project, projects at Celadon City (HCMC) and Gamuda Garden (Hanoi)...
In addition, a representative of Hoa Binh Group said that it has just won the bid for the Phu Quoc Park project in Phu Quoc City (Kien Giang) with BIM Group as the investor as the main contractor for construction items such as structure, architecture, MEP, paving stones, walkways, sports fields, decorative components, etc.
After being granted a regular credit extension with a maximum amount of VND 4,000 billion from BIDV, as well as returning to profit in the 2024 semi-annual financial report, Hoa Binh Construction has achieved impressive business results in the context of the construction market still facing difficulties.
Mr. Le Viet Hai said that this contractor is comprehensively restructuring, perfecting its human resources, optimizing management costs, and restructuring assets through divesting ineffective subsidiaries and affiliates.
In addition, Mr. Hai said that Hoa Binh also promoted debt collection and restructuring of products and services, contributing to improving business efficiency.
Hoa Binh Construction Group said that more than 347 million shares of Hoa Binh have officially been traded on the UpCom floor of the Hanoi Stock Exchange (HNX) since September 18 with a reference price of VND5,700/share.
Along with the floor transfer, Hoa Binh also said that this enterprise recorded business results in the first half of 2024 with after-tax profit reaching more than 829.7 billion VND, far exceeding the plan set for the whole year of 2024. Hoa Binh's equity has also improved, from the low level at the end of 2023 to more than 1,600 billion VND.
Regarding the re-listing on the Ho Chi Minh City Stock Exchange (HoSE), Hoa Binh's leaders said that the company will maintain the transparent reporting regime as it has done since 2006, thereby ensuring re-listing on HoSE in the next 2 years.
Source: https://tuoitre.vn/xay-dung-hoa-binh-ghi-nhan-tin-hieu-tich-cuc-trung-thau-du-an-gan-1-900-ti-dong-o-tp-hcm-20241029144423747.htm
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