HUNG THINH LAND DISCLOSES SUMMARY OF FINANCIAL INFORMATION: STRONG GROWTH IN SCALE

Hung Thinh Land Joint Stock Company (Hung Thinh Land) has just released summary of financial information on Hanoi Stock Exchange. According to this release, the owner’s equity at the end of June 2020 strongly increased to VND 6,084 billion, up 57% over the same period last year. The debt to equity ratio therefore decreased from 1.81 to 1.62; in which the ratio of bank loans to equity remained below 1.

Hung Thinh Land recorded a strong growth in capital and asset size after announcing the restructuring strategy of Hung Thinh Corporation. According to this strategy, Hung Thinh Land has become one of the leading real estate development companies in Vietnam on the basis of project development and land fund of Hung Thinh Corporation. After the restructuring, Hung Thinh Land will have a land fund of 4,500 hectares in Ho Chi Minh City, Hanoi and other provinces with great economic potential such as Binh Dinh, Khanh Hoa, Binh Thuan, Lam Dong, Dong Nai, Binh Duong and Ba Ria - Vung Tau ..., then Hung Thinh Land's capital and assets will have an acceleration and achieve a much higher scale than the present.
 
With the current largest land fund in strategic locations, Hung Thinh Land can ensure sustainable growth and development next 10 years. However, Hung Thinh Land continues to expand its land fund, leading the development of infrastructure and real estate needs of the majority of Vietnamese people. Typical projects that Hung Thinh Land is developing include: New Galaxy (6 blocks of 19-storey apartments in Di An, Binh Duong), Vung Tau Pearl (4 blocks with 33 floors, 1,789 apartments in Vung Tau City), Grand Center Quy Nhon (42 floors with 824 apartments and 18 shophouses), Quy Nhon Melody (2 blocks with 35 floors in Quy Nhon City, Binh Dinh), Saigon Garden Riverside Village (168 garden villas in District 9, HCMC)

New Galaxy apartment complex developed by Hung Thinh Land is drawing a great attraction in the Eastern market of Ho Chi Minh City

According to the updated report on Vinhomes Joint Stock Company dated September 17, 2020 of Vietcombank Securities Company, Hung Thinh Corporation accounts for 4% of the market share of residential real estate in Vietnam in the period of 2016 - first half of 2020 and is the 2nd largest real estate developer in Vietnam. Since its establishment, Hung Thinh Corporation has provided the market with approximately 50,000 housing products in line with market needs, including projects with a variety of types and segments, from apartments, bared land to luxury villas.

Kể từ khi thành lập, Tập đoàn Hưng Thịnh đã cung cấp cho thị trường xấp xỉ 50.000 sản phẩm nhà ở phù hợp với nhu cầu thị trường, bao gồm các dự án đa dạng về chủng loại và phân khúc, từ căn hộ, đất nền đến các khu villa sang trọng.

Hung Thinh Land plays an important role in the real estate ecosystem of Hung Thinh Corporation

Mr. Nguyen Dinh Trung, Chairman of Hung Thinh Corporation and also Chairman of of Hung Thinh Land, said: “Hung Thinh Land will continue the orientation of Hung Thinh Corporation in developing suitable real estate products with the living and investment needs of Vietnamese community. Hung Thinh Land and its member companies in the optimal and sustainable real estate ecosystem of Hung Thinh Corporation will maximize the capacity to bring trust, satisfaction and more practical benefits to the valued Clients and Partners. ”