Dat Xanh Group contributed VND135 billion to Xuan Dinh Company, raising its total capital contribution to 99.99%. The purpose of this additional contribution is to make the project of housing in Hiep Binh Phuoc Ward.
Dat Xanh – Dat Xanh Real Estate Services and Construction Joint Stock Company has just approved the capital contribution of Xuan Dinh Investment Construction Trade Co., Ltd with the amount of VND135 billion.
With the amount of money contributed, Dat Xanh Group will raise its chartered capital to VND255 billion. Of which, the total value of land contributed by Dat Xanh Group accounted for 99.99%, equivalent to the amount of nearly VND255 billion.
The purpose of Green Land is to invest in the project of the housing project in Hiep Binh Phuoc Ward, Thu Duc District. The time of capital contribution shall be authorized to the Chairman of the Board of Directors for decision.
At the same time, Tran Cong Luan was assigned to act as representative of Dat Xanh’s share capital in Xuan Dinh. The housing project in Hiep Binh Phuoc Ward has an investment of 110 billion dongs but is suspended, according to the consolidated financial statement of the third quarter of 2016 of Dat Xanh.
You can read more information at Vietnam Real Estate News
In November, Dat Xanh Board of Directors approved the transfer of all shares of Thang Long Petroleum Investment Joint Stock Company with the amount of VND564 billion.
The purpose of this is to receive the right to develop the project of high-rise apartment building in Phuoc Long B Ward, District 9, Ho Chi Minh City. Accordingly, the area of the project is 8.57 hectares, approved by the People’s Committee of Ho Chi Minh City in 2014.
Previously, Dat Xanh Group also contributed capital to increase charter capital in Agriculture Printing Joint Stock Company. At that time, Dat Xanh contributed VND61 billion to Agricultural Printing Company to raise its chartered capital to VND111 billion, accounting for 99.99% of charter capital.
The purpose of this capital injection is to invest in the Opal Tower project. This is the third project in the Opal product range of Dat Xanh, in addition to Opal Riverside and Opal Garden.
In January, Dat Xanh has also approved the transfer of Kim Khi Apartment Project of Ho Chi Minh City Metal JSC. The project has an area of more than 9,100 sqm at Nguyen Van Quy Street, Phu Nhuan Ward, District 7, Ho Chi Minh City. The total project investment is estimated at VND734 billion. The transfer value is VND102 billion.
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