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Sacomreal, Nguyễn Kim establish Kim Thành Real Estate

Update: November, 11/2016 - 15:30
Sacomreal and Nguyễn Kim set up a real estate firm. - Illustrative Photo
Viet Nam News

HÀ NỘI – Sài Gòn Thương Tín Real Estate JSC (SCR), called Sacomreal, and Nguyễn Kim Investment and Development JSC (NKID) have joined hands and set up the Kim Thành Real Estate JSC.

Kim Thành total chartered capital amounts to VNĐ20 billion, with 59 per cent from Sacomreal, 40 per cent from Nguyễn Kim and 1 per cent from individuals.

The company will be a subsidiary of Sacomreal, as per the decision of Sacomreal’s management board, online newspaper Infonet reported.

The board has also agreed to appoint Hồ Hữu Nhân as legal representative of Kim Thành and authorise Phạm Điền Trung, Sacomreal’s general director, to sign and implement contracts and related annexes.

All 217 million SCR shares of Sacomreal will stop being listed on Hà Nội Stock Exchange’s HNX Index from Friday and will be registered to be listed on the HCM Stock Exchange.

On Thursday, the last day on the HNX trading floor, 2.2 million SCR shares were traded at a reference price of VNĐ9,100 per unit. - VNS

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