An Gia Group acquires Le Gia Plaza Binh Duong project from Saigonres
An Gia Group – Saigonres has just successfully transferred Le Gia Plaza Housing Project in Binh Duong for 600 billion VND to an upcoming real estate enterprise HOSE.
According to newly announced information, Saigon Real Estate Joint Stock Company (Saigonres – Code: SGR) has signed a contract to transfer all 70% capital in Le Gia Real Estate Joint Stock Company to An Gia Real Estate Development and Investment Joint Stock Company.
Thereby, Saigonres transferred Le Gia Plaza Housing Project in Binh Duong, earning 600 billion VND.
Previously in early January this year, Saigonres received the transfer of 70% capital in Le Gia to build Le Gia Plaza Housing Project - one of the key projects of the company in 2019.
This project is located in Binh Duong province, with a scale of 6.9 hectares, including 403 adjacent houses and an expected population of about 1,500 people. The total investment for the project is about 460 billion VND and is expected to be completed in the fourth quarter of 2021.
As of September 30, 2019, the investment in Le Gia was accounted by Saigonres as a long-term financial investment with a value of VND 239 billion. At this time, Saigonres said it would transfer the above investment to its partner.
According to Saigonres, the transfer of Le Gia Plaza project ( The Standard ) has brought the company a significant profit, serving the reinvestment and implementation of big business plans in the following years.
On the side of the transferee, An Gia Real Estate is the unit that will launch on HOSE on January 9.
Regarding the land fund in Binh Duong market, An Gia said that it has paid and transferred a part of a townhouse project with a scale of 6.9 hectares, most likely this is the Le Gia Plaza project.
Besides, the company is negotiating three affordable townhouse and apartment projects with a total scale of 17.2 hectares in this area.
An Gia Group's outstanding project in Ho Chi Minh City in 2020
Previously, this business also attracted attention when it owned the transfer of a 3.1ha project in the center of Binh Chanh in September. It announced that it would turn the 3.1ha project in the center of Binh Chanh into a project. In the suburbs of Ho Chi Minh City, Mr. Nguyen Ba Sang - founder of An Gia Group has once again made investors pay attention. This is one of An Gia's steps forward in its development and expansion roadmap, increasing its assets to prepare for a stepping stone to HoSE at the end of December 2019. Obviously, when determining to list shares on HoSE, An Gia needs a long-term roadmap to increase its assets and profit goals.
Link to see the ear project: https://thuanhunggroup.com/can-ho-west-gate-binh-chanh/
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