On May 15th, 2015, at Gem Center, 8 Nguyen Binh Khiem, Da Kao Ward, District 1, Ho Chi Minh City, Dat Xanh Real Estate Services and Construction Joint Stock Company (Stock code: DXG will hold annual general meeting of shareholders 2015 At the meeting, the company approved report on business results 2014; business plan 2015; VND 1000 billion bonds issue plan and some other key activities.
The Last 2014 continued being a successful year of Dat Xanh in spite of the background that economic situation has not been really recovered; the real estate sector has still faced many difficulties and challenges. However, Dat Xanh has made an effort to overcome all difficulties to get an impressive business result with turnover of VND 506.2 billion; net income of VND 167.8 billion equivalent to 134.3% of the plan on profit. The invested or cooperated projects such as SunView Town, Topaz City, Topaz Center, 4S Linh Dong, etc. have brought to Dat Xanh brand name with micro successes for effective marketing program and quick transactions. In proper, at SunView Town project (Thu Duc, Ho Chi Minh City), as of this moment, more than 1553 apartments have been sold successfully, currently Sunview Town project only remains 50 last apartments.
Besides, Dat Xanh also continues expanding investment to the market of Hanoi, Da Nang and focusing on the tourism real estate. In the north, Dat Xanh implements investment in high-class commercial residential complex with the total investment level of VND 673 billion in Long Bien, Hanoi; high-class apartment project with the total investment of VND 400 billion in Thanh Xuan, Hanoi. In the Central region, Dat Xanh invests in the Residential complex project in Da Nang and some other projects. In the Southern region, Dat Xanh implements investment in a variety of projects such as: high-class resort project in Phu Quoc with total investment capital of VND 4.265 billion; high-class complex project with the total level of investment VND 1.716 billion in District 9, Ho Chi Minh City. Among them, the remarkable point is the participation in the real estate market at the segment B in the Eastern area of the city with the project of Thu Duc High-class Apartment with total investment of VND 711 billion.
Mr. Luong Tri Thin - Chairman cum CEO of Dat Xanh Group confirmed: The apartments for the fair income people in the segment B are not the new lines of products in the market. When participating in this segment, Dat Xanh pays much attention to distinct factors such as design, green areas to satisfy the customers. Specifically, at the High-class Apartment project in Hiep Binh Chanh ward, Thu Duc, we cooperated with 2 design partners from Singapore. We believe that when this design is realized from the drawing to the reality, it will satisfy the strict owners who love the perfect.
Besides, the financial support of the banks such as VietABank, MBBank, etc. especially, Vietinbank with the VND 20,000 billion supporting package, Dat Xanh will have an abundant source of capital to promote the M&A commercial affairs of investment cooperation in cleared and legal land funds. As a result, in 5 months at the beginning of 2015, Dat Xanh succeeded in 6 commercial cases. In the coming period, Dat Xanh will continue studying and implementing the next M&A commercial affairs.
At the shareholders general meeting 2015, the board management of Dat Xanh will approve the increase of computer charter capital from VND 1,062 billion to VND 1,172. Specifically, DXG will issue 10.5 million stocks to pay for dividend to for existing shareholders with the price predicted to be equal to par value (10,000 VND/share) and according to the ratio of 10: 1. Besides, Dat Xanh also issues 400,000 shares according to the program selecting labor from the stock capital surplus or rolled-up interest for the Group's cadres and staff.
In addition, Dat Xanh will also issue the VND 1000 billion bond in order to increase capital scale for the company's activities. Specifically, the source of capital for M&A, cooperation to develop real estate project, expand operating scale of the company will be suplemented.
Also at this event, Dat Xanh shared information on restructuring services, restructuring trademark, etc. This helps to make the governance structure of Dat Xanh be lean streamline, synchronous and timely to meet the development demand according to Dat Xanh’s strategy.
According to the reported statistics in 4 months at the beginning of 2015, the total number of apartments transacted successfully by Dat Xanh is over 2500 apartments, in which the total transacted apartments in Quarter I/2015 of the entire market are over 12,000 apartments (statistics of Ministry of Construction).
As A good signal in Quarter 2/2015, Dat Xanh is recognized as 1 in 10 Vietnam’s leading real estate investors in the system of international award ‘BCI Asia Awards’ taking place in many Asian countries. As planned, in late 6 months, Dat Xanh will launch to the market 2 new projects.