Sunday, August 25, 2019 10:12:31 PM - Markets open
VN-INDEX 992.45 -4.81/-0.48%
HNX-INDEX 103.25 -0.24/-0.24%
UPCOM-INDEX 57.95 +0.01/+0.02%
TIG: Thang Long Investment Group sells entire stake in 30-storey Royal Plaza - 2/1/2018 11:33:44 AM
 (0 ratings. You must sign in to rate.)
TIG has found the partner to purchase its stake after the Board of Directors approved the capital divestment last month.
Thang Long Royal Plaza is invested by Hanoi ICT Plaza JSC, the charter capital of which is 61.8 per cent owned by TIG. In the beginning of last month, TIG bought an additional 400,000 shares, raising its ownership to 71.2 per cent.
However, TIG’s Board of Directors has just approved the divestment of 8.9 million shares from the project at the minimum selling price of VND12,000 (approximately $0.52) per share. The total value of the shares is about VND89 billion ($3.9 million). The selling price and the buyer of the project have not been revealed yet.
Thang Long Royal Plaza, which is also known as TIG Tower, is located in Cau Giay new urban area opposite to the National Conference Centre. The project is constructed on an area of 3,871 square metres with different functions, including a trading center, offices, a hotel, and serviced apartments.
Despite announcing owning a number of real estate projects and having a charter capital of VND772 billion ($34 million), TIG’s shares currently trade below VND4,000.The group is also developing King's Garden Resort & Villas in Thanh Thuy district of Phu Tho province.
Apart from Thang Long Royal Plaza, TIG has also announced investing in a number of projects, including TIG Dai Mo Green Garden House, a 21-storey residential block in My Dinh 2 ward, and Vantri Ecoland project.
Recently, the Hanoi Tax Department has announced TIG’s tax arrears of VND1.67 billion ($73,600) through an inspection in 2015 and 2016. It also issued penalties of nearly VND335.5 million ($14,800) due to incorrect tax reporting and VND137.7 million ($6,100) due to late payment.
By Minh Vu
Read original article here
Newer News
23/08 FUESSV50: Basket of component securities 23 Aug 2019
23/08 FUESSV50: Announcement after exchange trading 22 Aug 2019
23/08 E1VFVN30: Basket of component securities 23 Aug 2019
23/08 INN: Reviewed financial statement 2019
23/08 HHP: Report on result of the private placement
23/08 CTX: Notice of the record date for share issue to increase share capital from owner’s equity
23/08 BXH: Change in Business Registration Certificate
23/08 FUCVREIT: NAV week from 14 Aug 2019 to 20 Aug 2019
23/08 PVX: Notice of the record date for organizing the Extraordinary General Meeting of Shareholders of 2019
23/08 PTI: Board Resolution
Older News
01/02 Vietjet’s pre-tax profit hits nearly 4.755 trillion VND
27/01 Vinamilk set to expand abroad
27/01 ACV has yet to fix errors uncovered by Government Inspectorate
26/01 FPT Software signs $100-million contract with Innogy SE
26/01 Vietcombank to sell 7.6 million Vietnam Airlines’ shares
25/01 CMC grew 30% after Q3
24/01 Vinaconex targets 9.3 percent in 2018 revenue
19/01 Rồng Việt Securities reports $6m profit
19/01 Binh Son Refinery reports successful IPO
19/01 GELEX lists on HOSE
Newsletter Signup
Top Stories
VN eyes modern and green FDI projects
Shrimp export to China sees positive signs
Post-merger stock exchange headquarters in Hanoi
Listed companies honoured for best investor relations
Reference exchange rate up 2 VND on August 7
Market Update
Last updated at 3:10:01 PM
VN-INDEX 992.45 -4.81/-0.48%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.