HA NOI — HCM City-listed Dat Xanh Real Estate Service&Constructions Company (DXG) will sell 7.34 per cent stakes to FPT Capital.
The sale is part of DXG's plan to increase charter capital from VND160 billion to VND320 billion ($15.2 million).
This will make FPT Capital a strategic partner of the real-estate company, helping it raise capital for future property projects and seek new investment opportunities in Ha Noi.
The two companies will expand the business, including collaboration with other property companies, staff training and corporate governance.
Dat Xanh will also seek credit assistance from TienphongBank. The bank will arrange credit for the company's projects and provide its clients with proper credit services.
Dat Xanh now owns Phu Gia Hung apartments, the Dat Xanh high-rise building in Ba Ria Vung Tau province, and Dat Xanh Riverside residential area.
In 2011-13, the company plans to get involved in mining and construction materials.
In the first nine months old this year, Dat Xanh Co earned after-tax profits of VND63.9 billion (US$3 million), nearly tripling the figure of 2009 and making the earning-per-share VND6,123.Source: vnagency.com.vn
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