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Vingroup Joint Stock Company split Vinhomes Real Estate Trading and Management LLC into two new companies

31-12-2014


VINGROUP JOINT STOCK COMPANY

 

In order to improve the operating structure of the residential segment, strengthen the sales capability and property management service quality, Vingroup Joint Stock Company (“Vingroup”) on December 29, 2014, split Vinhomes Real Estate Trading and Management LLC, a 100%-owned subsidiary (“Original Co”), into two new companies (each a “Split Co”):

1.      Split Co 1: Vinhomes Real Estate Management LLC

-          Address of Headquarters: No. 7, Bang Lang 1 Street,  Vinhomes Riverside Eco-Urban Area, Viet Hung Ward, Long Bien District, Hanoi

-          Charter capital: VND50,000,000,000

2.      Split Co 2: Vinhomes Real Estate Leasing LLC

-          Address of Headquarters: No. 7, Bang Lang 1 Street,  Vinhomes Riverside Eco-Urban Area, Viet Hung Ward, Long Bien District, Hanoi

-          Charter capital: VND50,000,000,000

Post-split, Vingroup will continue to own 100% of Original Co and the two Split Co’s.

Legal Representative

General Director

 (signed & sealed)

DUONG THI MAI HOA

 

About Vingroup

The Company and its subsidiaries (the "Group"), with a market capitalization of VND65,147 billion as of November 30, 2014, are the largest listed real estate, tourism and hospitality development and management company in Vietnam. The Group is primarily engaged in the development, leasing, operation and sale of high quality retail, residential, commercial, resort, healthcare and mixed-use properties in Vietnam’s major cities and popular tourist destinations, including Hanoi, Ho Chi Minh City, Nha Trang and Da Nang. Vingroup focuses on developing strategic and well-recognized brands such as Vincom (landmark retail malls), Vinhomes (quality residential developments), Vinpearl (premium resorts and hotels) and Vinpearl Land (amusement parks and family entertainment centers). In addition to these businesses, Vingroup continues to expand into other consumer sectors such as Vinmec (quality healthcare), Vinschool (quality education), VinEcom (comprehensive e-commerce), and Vinfashion (fashion).

 

Vingroup was listed on the HOSE on 07 September 2007.

More information on the Group can be found at www.vingroup.net.

 


Issued by:       Vingroup Joint Stock Company (VIC), No.: 440/2014/CV-TGD-VINGROUP

Date:               30 December 2014

 

For enquiries, please contact

Vingroup JSC

Vinhomes Riverside Eco-Urban Area

Viet Hung Ward, Long Bien District, Hanoi, Vietnam

 

Investor Relations Contact

Tel: +84 3974 9999 / ext. 926

E-mail: [email protected]

Legal Contact

Tel: +84 3974 9999/ ext.770

 Email: [email protected]