HUNG THINH LAND SUCCESSFUL ISSUES 1,200 BILLION VND OF BONDS

02-04-2021

Hung Thinh Land Joint Stock Company (Hung Thinh Land) has successfully issued 3 bond lots including 9.3 million bonds, total par value of VND 1,200 billion. This is a private placement for less than 100 investors and does not use the mass media or the internet.

The purpose of issuing these bond lots of Hung Thinh Land is to increase the scale of working capital, create financial potential for investment strategy, merger and acquisition of real estate projects to expand potential land bank in the provinces and cities, including Thu Duc City (in Ho Chi Minh City) and Binh Duong Province.

Specifically, bond lot H79CH2124001 with volume of 5 million bonds, par value of VND 100,000/ bond, total issuance value of VND 500 billion, 36 months term with interest rate of 10.5%/ year.

Bond lot H79CH2123004 with volume of 300,000 bonds, par value of VND 1 million/ bond, total issuance value of VND 300 billion, 24 months term with fixed interest rate of 10.5%/ year.

Bond lot H79CH2123002 with volume of 4 million bonds, par value of VND 100,000/ bond, total issuance value of VND 400 billion, 24 months term with an interest rate of 10.5%/ year.

Hung Thinh Land's equity as of December 31, 2020, according to the audited consolidated financial report was VND 6,796.6 billion, an increase of nearly 75% compared to the end of 2019 and is expected to increase strongly when the Company completes the merger of Hung Thinh Corporation's projects. Total investment capital of Hung Thinh Land in member companies and associated companies increased by 35% compared to 2019, this was the result of the strategy of restructuring and merging real estate projects into Hung Thinh Land, affirming strong position of the Company. According to Hung Thinh Land's audited separate financial statements, the company's revenue was VND 2,084 billion, up 66% compared to 2019. Profit after tax is VND 713.8 billion, 97% compared with that of 2019. Profit after tax decreased slightly due to the increase in administrative costs to meet the strong development of Hung Thinh Land's human resources.

Hưng Thịnh Land phát hành thành công 1.200 tỷ đồng trái phiếu
Bien Hoa Universe Complex project developed by Hung Thinh Land is considered a rare commodity in Bien Hoa City, Dong Nai Province and is interested by a large number of customers.

In 2020, beyond the general impact of Covid-19 epidemic, Hung Thinh Land continued to affirm its strong growth by continuously developing and introducing more than 4,500 products of 10 projects to the market with total sales value of more than VND 13,000 billion, up to 15% compared to 2019. It is expected that the Company will deploy 10 projects with more than 10,000 products this year, of which there will be 2 projects in the second quarter alone in Thuan An City, Binh Duong Province and Quy Nhon City, Binh Dinh Province introduced to the market by Hung Thinh Land.

Also from the second quarter of 2021, it is expected that nearly 1,900 apartments of Lavita Charm project (Thu Duc city, Ho Chi Minh City) and District 7 Boulevard (District 7, Ho Chi Minh City) will be completed and handed over. In addition, sea villa Cam Ranh Mystery Villas (Cam Ranh City, Khanh Hoa Province) are also being promoted to be completed to hand over to customers.

Cam Ranh Mystery Villas project is developed by Hung Thinh Land and is prepared to hand over to customers

HUNG THINH LAND SUCCESSFUL ISSUES 1,200 BILLION VND OF BONDS

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HUNG THINH LAND SUCCESSFUL ISSUES 1,200 BILLION VND OF BONDS

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