TWO MAJOR INVESTMENT FUNDS CONTRIBUTE CAPITAL OF USD 103 MILLION TO HUNG THINH LAND

Hung Thinh Land Joint Stock Company has just completed a deal to receive an equity investment of USD 103 million with Dragon Capital and VinaCapital in June 2022. This is a resource to support Hung Thinh Land to continue implementing strategic directions, including promoting affordable housing product that is a product line that has created Hung Thinh's brand.

This transaction has received approval from competent state management agencies, strictly complying with the Law on Foreign Investment in Vietnam. The success of this capital transaction brought Hung Thinh Land into the international capital market for the first time, creating a favorable foundation to support the implementation of strategies and plans towards sustainable growth goals. In the near future, Hung Thinh Land plans to make an initial public offering (IPO) and list on Ho Chi Minh City Stock Exchange (HOSE) in 2023.

In the context when the world economy is facing many challenges, Hung Thinh Land's receipt of foreign capital shows the confidence of prestigious international investors in the company's development potential, clear strategic orientation, staff capacity and, importantly, the business philosophy of providing products to people with real needs.

 
Lavita Charm Apartments (Thu Duc City, Ho Chi Minh City) will be handed over in 2021 to meet the needs of residents in the East of Ho Chi Minh City.

 
For 20 years of operation and understanding of Vietnamese market, Hung Thinh Land is a leading real estate developer in providing products that meet the real needs of the market. For the past 20 years, Hung Thinh Land has successfully developed a series of diverse projects, providing the market with more than 30,000 products, serving more than 100,000 customers, meeting the needs of the majority of people for using the first house. Hung Thinh Land has currently owned and developed 36 projects of various types and segments. The projects have been completed and handed over, creating a home for residents, typically Lavita Charm apartments (Thu Duc City, Ho Chi Minh City), District 7 Boulevard (District 7, District 7, Ho Chi Minh City), Saigon Mia (Binh Chanh District, Ho Chi Minh City), Moonlight Residences (Thu Duc City, Ho Chi Minh City)…

In addition, in order to contribute to solving the problem of affordable housing that is urgent in Vietnam's real estate market, Hung Thinh Land along with Hung Thinh Corporation ecosystem also announced 'Affordable Housing' initiative in January 2022, with the participation of Dong Tam Group and Truong Thanh Furniture Corporation. Accordingly, Hung Thinh will invest, build and develop houses with secured quality, reasonable prices for workers, low-income workers, etc., contributing to building a place to settle down for the majority of people with real housing needs in the market.

With the mission of creating a happy and prosperous community, Hung Thinh Land also implements a series of resort projects, contributing to promoting the growth and sustainable development of tourism and socio-economic in localities, including Cam Ranh Mystery Villas (Khanh Hoa) and MerryLand Quy Nhon (Quy Nhon City, Binh Dinh)…

 
MerryLand Quy Nhon (Binh Dinh) is a key project of Hung Thinh Land, expected to become a world-class commercial and tourist peninsula city.