The real estate company of the great family of Dang Van Thanh enters the Industrial Park real estate, using the strategy of expanding the land bank by M&A
Saigon Thuong Tin Real Estate Joint Stock Company (stock code: SCR)born from the merger of Real Estate Transaction Centers of Saigon Thuong Tin Bank on March 29, 2004, has now developed and rebranded as TTC Landdoing business in real estate, is a member of Thanh Thanh Cong group of Chairman Dang Van Thanh.
List of major shareholders of the current company
Number of shares held and holding ratio of major shareholders of the company
Mr. Dang Hong Anh (born on March 10, 1980) is currently Vice Chairman of TTC Group, Chairman of DHA Investment Company Limited. He became familiar to television audiences through the show Shark Tank Vietnam and is often referred to as “Shark” Hong Anh.
Mr. Hong Anh is the son of Mr. Dang Van Thanh, Chairman of Thanh Thanh Cong Group (TTC) and Ms. Huynh Bich Ngoc, Vice Chairman of the Board of Directors of Thanh Thanh Cong Group.
In the past, from 2004 to 2005, Mr. Hong Anh held the position of General Director of Saigon Thuong Tin Real Estate Joint Stock Company. Here, he quickly turned Saigon Thuong Tin Real Estate from a small business with a capital of 11 billion VND to an enterprise with a charter capital of 1,000 billion VND when IPO. Currently, Mr. Hong Anh is not directly involved in TTC Land’s management board.
Check out the current TTC Land’s “Heirloom”
For real estate businesses, the wealth reflected on the financial statements is most often “checked” in terms of inventory.
TTC Land’s inventory balance by the end of 2021 is VND 2,796 billion. Of which, more than 90% is the value of 11 large projects with a total land fund of about 32 hectares, including Carillon 7, TTC Plaza Duc Trong, Panomax, Charmington Iris, Charmington Tan Son Nhat, Charmington Dragonic, Charmington Tamashi, Charmington Golf & Life, Cu Chi, Carillon 6 and Jamona Cau Tre.
Source: Consolidated financial statements for the fourth quarter of 2021 of the company
TTC Land’s projects are in 3 segments of residential real estate, commercial real estate and service real estate. There are 3 notable projects with high inventory balance as a source of future revenue generation, including:
The project belongs to the segment of high-end urban complex Jamona City, with a scale of 105,953 m3 and a total investment of 9,864 billion VND.
Source: Company website
The project belongs to the segment of luxury apartments Charmington Dragonic, located in the center of District 5, Vo Van Kiet Avenue. The scale of the project is a commercial complex – Smart Officetel – A commercial apartment providing luxury products of the high-class Charmington brand on the real estate market in District 5, Ho Chi Minh City.
The project has 40 floors, including 3 basements for parking + 5 commercial floors; High-class conference center, layout of luxury apartment floors. According to information on batdongsanexpress, the selling price will be from 3,000 to 3,500 USD/m2 (excluding VAT), expected to be handed over in the second quarter of 2023.
The project belongs to Tamashi Da Nang luxury apartment segment located at Dien Bien Phu Street, Thanh Khe, Da Nang City. Total land area: 14,614m2. The project by design has 237 office apartments, 126 tourist apartments, 150 hotel apartments.
Encroaching into industrial park real estate and expanding land bank strategy by M&A deals
On July 2, 2020, TTC Group merged Dang Huynh Industrial Park Exploitation and Management Joint Stock Company and Thanh Thanh Cong Industrial Park Joint Stock Company to establish Thanh Thanh Cong Industrial Real Estate Corporation (TTC Industrial Zone)
By the end of 2021, according to TTC Land’s consolidated financial statements, the company owns 24.41% of the shares of TTC Industrial Zone.
“Financial wealth” of Thanh Thanh Cong Industrial Real Estate Corporation is 760 hectares of industrial park land such as Thanh Thanh Cong Industrial Park, Tan Hoi industrial cluster (Tay Ninh), Tan Kim Expanding Industrial Park (Long An).
Image from website TTC Industrial Zone
In November 2021, TTC Industrial Zone successfully auctioned 5 land lots with a total area of 293,749 m2 owned by Sacombank in Song Than Industrial Park worth nearly VND 2,000 billion, increasing the warehouse land for lease to more than 500,000 m2. .
TTC Land’s warehouse and factory system is widespread from Ho Chi Minh City. Ho Chi Minh – Tay Ninh – Long An – Binh Duong to Ba Ria – Vung Tau. Photo: TTC Land
TTC Land plans to rapidly expand its land bank by acquiring and merging (M&A) real estate projects with “clean” legality.
According to information on the company’s website, on January 13, 2022, TTC Land held a summary of activities in 2021 and implementation of tasks and plans in 2022. Speaking at the conference, Mr. Vo Thanh Lam, Division Director project investment representative TTC Land informed about the development orientation of the land fund, The company continues to look for projects in satellite urban areas near Ho Chi Minh City such as Dong Nai, Long An… where there is strong infrastructure investment from the State, priority is given to clean land projects with clear legal status. to implement M&A.
Mr. Vo Thanh Lam, Director of the project investment division, presented the orientation of land fund development at the Conference – Photo: company website
Recalling earlier, after the successful auction of 5 land lots in Song Than industrial zone of TTC Industrial Zone, TTC Land announced through the transfer of 14 million shares, equivalent to 20% of charter capital at JSC Trade and Construction Phuoc Tan. The maximum transfer value is 330 billion VND.
Phuoc Tan was established in 2009, with head office in Bien Hoa city, Dong Nai province and operates in the field of real estate business. As of April 2021, the company’s charter capital is 700 billion VND.
Phuoc Tan is a subsidiary of Tin Nghia Corporation (Stick Code: TID), and an affiliate of Tin Nghia Industrial Park Development JSC (Stick Code: TIP) – another subsidiary of TID .
In the real estate market, Phuoc Tan is known as the investor of the project of Nui Duong Dai Residential Area (or Phuoc Tan Residential Area) in Phuoc Tan Ward, Bien Hoa City, Dong Nai Province with a total scale of 156 ,53 hectares.
The transfer of 20% of Phuoc Tan’s capital at the end of 2021 has shown the company’s determination to implement the M&A plan of projects in satellite towns near Ho Chi Minh City such as Dong Nai and Long An.
By Business and Marketing
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
