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Vingroup sets up second Vinhomes real estate company

Update: December, 11/2014 - 08:37
Vinhomes Tan Cang in HCM City is one of Vingroup real estate projects in the local market.— Photo homes.com
HA NOI   (VNS) — Vingroup (VIC) established another Vinhomes real estate company with a charter capital of VND6 billion (US$282,000) in early December, the group announced on the HCM City Stock Exchange (HSX) recently.

In the Vinhomes 2 real estate company, Vingroup has contributed 94 per cent of the capital. The headquarters of Vinhomes 2 is located at No 7, No 1 Bang Lang Road in Vinhomes Riverside, in the capital's Long Bien District. It has not yet been disclosed as to who has contributed the rest six per cent of the company's capital.

Listed on HSX as of November 3, 2014, Vingroup has VND14.53 trillion ($682 million) in charter capital and has 51 subsidiaries. — VNS

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