HUNG THINH LAND SUCCESSFULLY ISSUES VND 250 BILLION OF BONDS

Hung Thinh Land Joint Stock Company (Hung Thinh Land) has successfully issued 2,500 bonds, total par value of VND 250 billion, term of 24 months with interest rate of 11%. This is a private issuance for less than 100 investors and such an issuance does not use the mass media as well as the internet. From the beginning of 2020 up to now, Hung Thinh Land has successfully issued VND 2,850 billion of bonds to create financial potential for investment and development strategy as well as to expand potential land fund.

Owner’s Equity of the Company in late June 2020 is VND 6,083 billion and will grow strongly when Hung Thinh Land completes the merger of projects under Hung Thinh Corporation. The ratio of bank loans to equity is currently maintained below 1 time. With brand reputation and financial capacity, in the coming time, Hung Thinh Land has many opportunities to mobilize more capital at reasonable costs.

Combining low capital cost with accumulated financial source and strong deployment capacity and strong distribution network, Hung Thinh Land will continue to expand its land fund, currently at 4,500 ha, to provide the market with many housing products in line with to the needs of the majority of Vietnamese people.

With more than 50,000 products offered to the market, Hung Thinh is the 2nd largest real estate developer in Vietnam (Report of VCBS)