xsmn hôm xổ số miền nam FECON BECOMES INVESTOR OF 256-HECTARE INDUSTRIAL PARK IN BAC GIANG

xsmn hôm xổ số miền nam Hoa Yen Industrial Park Project, spanning 256 hectares in Bac Giang Province, has received official approval. xsmn hôm xổ số miền nam development is backed by FECON Hoa Yen, an associate company of FECON Corporation (stock code: FCN).

Deputy Prime Minister Tran Hong Ha has just signed a decision approving xsmn hôm xổ số miền nam investment policy for xsmn hôm xổ số miền nam construction and infrastructure business project of Hoa Yen Industrial Park (Bac Giang). At xsmn hôm xổ số miền nam same time, xsmn hôm xổ số miền nam Government approved FECON Hoa Yen JSC, an associate company of FECON Investment Corporation (FECON Corporation stock code FCN - HoSE), to become xsmn hôm xổ số miền nam investor

xsmn hôm xổ số miền nam Hoa Yen Industrial Park project spans over 256 hectares, with a total investment of VND 3,745 billion, including VND 561.8 billion contributed by FECON Hoa Yen. xsmn hôm xổ số miền nam project is approved for a 50-year operational period from xsmn hôm xổ số miền nam date of investment policy approval.

FECON Hoa Yen was established in September 2023, primarily operating in xsmn hôm xổ số miền nam real estate business and land use rights management, including ownership, usage, and leasing. At its inception, xsmn hôm xổ số miền nam company had a charter capital of VND 600 billion, with FECON Corporation holding 55%.

However, by December 2022, FECON Hoa Yen's charter capital had suddenly decreased to only VND 50 billion, reducing FECON Corporation's ownership ratio at FECON Hoa Yen to 36%. Subsequently, by April 2023, xsmn hôm xổ số miền nam company's charter capital increased back to VND 600 billion.

According to FECON's reviewed semi-annual financial report for 2024, at xsmn hôm xổ số miền nam end of xsmn hôm xổ số miền nam second quarter of 2024, FECON Hoa Yen will be an indirect associate of FECON Corporation with a voting ratio of 36% and an interest ratio of 32.59%.

Originally established as one of Vietnam’s leading underground and foundation construction enterprises, FECON is gradually expanding into related fields, including residential and industrial park real estate.

FECON has pursued 10 residential real estate, industrial parks, and industrial cluster projects in many provinces across xsmn hôm xổ số miền nam country.

Since 2021, FECON has pursued 10 residential real estate, industrial park, and industrial cluster projects in many provinces in Vietnam. Most of these projects are in xsmn hôm xổ số miền nam process of completing legal documents and land clearance. In all projects, FECON serves as xsmn hôm xổ số miền nam master planner and one of xsmn hôm xổ số miền nam units participating in xsmn hôm xổ số miền nam bidding to select investors.

At xsmn hôm xổ số miền nam recent 2024 Annual General Meeting of Shareholders, FECON's Board of Directors revealed that FECON's real estate project portfolio currently has a total value of about USD 2 billion, including many large projects such as Nam Thai Urban Area (Thai Nguyen), My Hao Urban Area (scale of VND 16,000 billion, Hung Yen), Cam Ranh New Urban Area (scale of VND 12,000 billion, Khanh Hoa), etc.

Recently, FECON Hiep Hoa Joint Stock Company - a subsidiary of FECON announced information on xsmn hôm xổ số miền nam investment implementation of xsmn hôm xổ số miền nam Danh Thang - Doan Bai Industrial Cluster with a scale of 75 hectares in Doan Bai and Danh Thang communes, Hiep Hoa district, Bac Giang province. This industrial cluster has a total investment of VND 954 billion.

(According to Industry & Trade Review)