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Ba Ria – Vung Tau Housing Development Joint Stock Company (Hodeco – Hose: HDC) has just received the transfer of 30.3% of shares of Y Ngoc Binh Thuan Resort Real Estate Trading & Service Joint Stock Company (Y Ngoc Binh Thuan).

after the transaction, this unit becomes an associate company of Hodeco. In the coming time, Hodeco is expected to continue to receive transfers to raise its ownership from 30.3% to the full 60% of capital in Y Ngoc Binh Thuan Real Estate Trading & Service Joint Stock Company.

According to research, Y Ngoc Binh Thuan Resort Real Estate Trading & Service Joint Stock Company has an address in Ke Ga village, Tan Thanh commune, Ham Thuan Nam district, Binh Thuan province.

Y Ngoc Binh Thuan is an enterprise that is working on a project for Da Vang Beach Resort

This business was established on April 8, 2011, the main activity is real estate business, land use rights belong to the owner, user, or lease. The structure of founding shareholders includes Ms. Ngoc Thi Yen (1956) and Mr. Bui Thanh Liem (1948).

As of May 2016, the two individual shareholders mentioned above hold a total of 55% of the charter capital of Y Ngoc Binh Thuan. Meanwhile, the Chairman of the Board of Directors cum the legal representative of the company is Ms. Nguyen Thi Phuong Tam (1972).

Y Ngoc Binh Thuan is an enterprise that is working on the Sea Da Vang Resort project, with a total area of ​​the land 10ha, and it is located in Ke Ga village, Tan Thanh commune, Ham Thuan Nam district, Binh Thuan.

According to updated business registration information in June 2022, Mr. Le Viet Lien - General Director of Hodeco has become a director and legal representative of Y Ngoc Binh Thuan.

According to Hodeco's consolidated financial statements for the second quarter of 2022, Hodeco paid Ms. Nguyen Thi Phuong Tam VND 78 billion in advance to buy shares of Y Ngoc Binh Thuan. In addition, Hodeco also paid Ms. Nguyen Thi Hanh 94 billion VND in advance to receive the transfer of land use rights at the Vung Tau Wonderland project.

In addition, this Vung Tau-based real estate developer also spent 120.4 billion VND for Mr. Dang Van Tau to receive the transfer of land use rights at the project in Long Dien district (Ba Ria - Vung Tau). ); VND 53.7 billion to Mr. Hoang Kim Minh to receive the transfer of land use rights for the Phuoc Thang handicraft cluster project and a housing project of 18.54ha in Ward 12, Vung Tau City.