Hai Phat Invest invests in a series of projects in the southern provinces

20.09.2022

The Board of Directors of Hai Phat Investment Joint Stock Company - Hai Phat Invest (HPX - HOSE) has approved the investment policy of urban area projects and Multi-Function Cultural Park in Can Tho City, Khanh Hoa Province and Quang Nam Province.

A project of Hai Phat in Tu Liem, Hanoi expected to be completed in the second quarter of 2019.

According to the resolution, HPX will cooperate with Transport Construction Corporation 5 (Cienco 5) and Dai Dong A Investment Joint Stock Company to invest in the project. New Urban Area in An Binh Ward – Areas 1,2,3 and Con Khuong New Urban Area in Can Tho City.

At the same time, cooperate with TEXCO Joint Stock Company invests in the Don . urban area project g Bac Ninh Hoa in Khanh Hoa province.

As for the project of Hoi An city multi-functional cultural park in Quang Nam, HPX will cooperate with Cienco 5 and S.E.A Thuan Phuoc Real Estate Joint Stock Company.

In companies that invest in HPX, Cienco 5 is the company in which the group shares HPX shareholders are holding an ownership rate of about 60%.

Mr. Doan Hoa Thuan, General Director of HPX said that HPX is expected to increase the ownership rate. ownership to 100% at Cienco 5 in the near future.

After 4 days of listing on HOSE from 24/7 with 150 million shares listed, at the price the first session reference was 26,800 dong/share, HPX stock had 3 gaining sessions (6.7%; 0.3%; 1.7%), and 1 session decreased (-5.9%). Closing this week at 27,450 dong/share, equivalent to a market capitalization of more than 4,117 billion dong.

(According to Ninh Co of Invest in securities at the link: https://tinnhanhchungkhoan.vn/doanh-nghiep/hai-phat-invest-dau-tu-hang-loat-du-an-tai-cac-tinh-phia-nam-236991.html )

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