Viettel presents the fourth time to promote its capital within the Rose Valley multi-year venture

Army Business – Telecommunications Group (Viettel) introduced to conduct a aggressive providing of shares of Vinh Son JSC. Particularly, the group organized to promote a complete lot of almost 4.6 million shares of Vinh Son, beginning at VND922.5 billion. Public sale time is 14:30 on September 21 at Hanoi Inventory Trade (HNX).

That is the 4th time Viettel has provided to promote Vinh Son shares, and the earlier three occasions couldn’t be organized as a result of there have been no buyers concerned. The Group maintains the identical providing worth by installments.

Vinh Son has a constitution capital of VND 1,150 billion, working within the area of actual property. The enterprise was established in 2003 with the principle aim of implementing the development of an city space within the Rose Valley in Tien Phong commune, Quang Minh city, Me Linh district and Nam Hong commune, Dong Anh district, Hanoi. . The shareholder construction consists of Dragon Village Actual Property (60%), Viettel (39.9%) and Mr. Nguyen Khanh Trung (0.1%).

Viettel offers the fourth time to sell its capital in the Rose Valley multi-year projection project - Photo 1.

Mission perspective. Supply: Phu Lengthy

Rose Valley venture has a scale of 75.51 hectares, complete funding of 11,873 billion VND, divided into 2 phases. Section 1 has a scale of 64.66 ha in Chop Van area, Do Thuong pine, Tien Phong commune, Me Linh district, Vinh Phuc province, with full infrastructure constructed 7.Four ha/64.66 ha and a few mannequin home from 2009 to 2011. Section 2, the corporate is finishing procedures to undergo Hanoi metropolis for approval to increase the venture by 10.85 hectares.

Vinh Son has carried out analysis and growth tasks since 2004 however was stopped in 2008 as a result of Me Linh district, Vinh Phuc province was merged to Hanoi and ready for the city zoning plan to match with the expanded Hanoi plan.

So far, the venture has been permitted detailed planning 1/500 for section 1, the enlargement section has not been permitted. As of June 30, the enterprise has spent VND 1,129 billion on compensation, website clearance, land use charges, and funding in quite a lot of objects. The fundamental clearance work has been accomplished on 64.66 ha of low-rise housing space and blended land, paying one-time land use payment for 26.24 ha. Nevertheless, the venture is topic to overview and recalculation of land use levy and land lease.

When it comes to enterprise outcomes, the corporate continues to be within the preparation stage of venture funding, has not been put into enterprise but, so there isn’t a income. Earnings of a number of tens of hundreds of thousands of dong in earlier years got here from leasing picture places.

Thuy Yen