Friday, October 19, 2018 11:29:25 AM - Markets open
VN-INDEX 954.25 -9.22/-0.96%
HNX-INDEX 107.17 -0.74/-0.69%
UPCOM-INDEX 52.43 -0.27/-0.52%
TDH: Daewon Thu Duc House develops $115-million property project in Hanoi
Thanhnien.vn - 5/16/2018 10:00:41 AM
 (0 ratings. You must sign in to rate.)
The joint venture named SYM-Daewon Thu Duc Housing Development JSC (DWTD) has a charter capital of $23 million, of which Daewon Thu Duc contributes 49 per cent.
 
Located in La Khe commune of Hadong district of Hanoi, the project will take up more than 40 hectares, and is planned to become a complex of offices and a trading centre, high-rise apartment buildings, townshouses, supermarkets, and other facilities.
 
The joint venture also disclosed that the site is currently used by VMEP to for parts manufacturing and motorcycle assembly.
 
The cleared site will be handed over to the joint venture within 10 months from its establishment.
 
A fee of $2.5 million shall be paid by the joint venture to VMEP as compensation for the removal of all its existing assets from the land and the demolition of its building.
 
According to a statement from VMEP, its total capital contribution in the joint venture is approximately $11.73 million, which represents 51 per cent of the charter capital of the joint venture.
 
The obligations of the parties pursuant to the joint venture agreement depend on obtaining the approval of the detailed 1/500-scale master plan of the project from the competent state authorities without significant variation to the plan prepared and submitted by the parties.
 
VMEP is a holding company and is one of the leading manufacturers of scooters and cub motorbikes in Vietnam. DWTD is a joint stock company engaged in real estate investment, such as condominium and resort hotel development.
 
By Bich Ngoc
 
Read original article here
Newer News
17/08 MCH finalising bonus share list
17/08 LPB: LienVietPostBank downgrades many business targets
16/08 FPT betting on M&A to go global
16/08 PVN considers merger of two biggest fertiliser firms
16/08 MSR: Masan buys tungsten facility
13/08 VNM: Vinamilk to spend over 170 mln USD on hi-tech dairy farm in Can Tho
09/08 Thaco announces strategic cooperation with HAGL
08/08 Vinalines to launch IPO on September 5
07/08 Vietnam Airlines, Vinamilk shake hands to provide 4-star service
06/08 BCG: Bamboo Capital sign condotel and villa deal
Older News
15/05 LCG: Licogi 16 aims for 110 million USD in consolidated revenue in 2018
14/05 BHN: Habeco requested to pay 1.85 trillion VND in tax liabilities
11/05 HVN: Vietnam Airlines aims to serve 24.3 million passengers in 2018
09/05 HPG: Three people died in Hoa Phat steel factory fire
09/05 GMD: Nam Dinh Vu deep-water port put into use in Hai Phong
09/05 HSG: Hoa Sen group ships largest batch of sheet metal to Europe
05/05 ACV targets over 5.6 trillion VND in 2018 profit
02/05 PV Gas forecasts lower earnings for 2018
26/04 MSN: Masan Group shareholders approve ambitious sales targets
24/04 SAB: ThaiBev officially involves in Saigon Beer management
 
Newsletter Signup
Top Stories
VN Index to rise amid volatility, weak liquidity
VN stocks continue rallying
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Market Update
Last updated at 11:31:05 AM
VN-INDEX 954.25 -9.22/-0.96%
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...
Portfolio
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.