Hai Phat Invest invests a series of projects in the southern provinces
The Board of Directors of Hai Phat Investment Joint Stock Company – Hai Phat Invest (HPX – HOSE) has approved the policy of investment in multi-function urban and cultural park projects in Can Tho City, Khanh Hoa province and Quang Nam province.
A project of Hai Phat in Tu Liem, Hanoi is expected to be completed in the second quarter of 2019.
According to the resolution, HPX will cooperate with Transport Construction Joint Stock Corporation 5 (Cienco 5) and Dai Dong A Investment Joint Stock Company to invest in the project of new urban area in An Binh ward – Zone 1,2,3 and Con Khuong New Urban Area in Can Tho City.
At the same time, cooperating with TEXCO Joint Stock Company to invest in the Northeast Ninh Hoa urban area project in Khanh Hoa province.
For the project of Hoi An city multi-functional cultural park in Quang Nam province, HPX will cooperate with Cienco 5 and S.E.A Phuoc Phuoc Real Estate Joint Stock Company.
Among HPX’s investment-linked companies, Cienco 5 is a company where HPX shareholders hold 60% ownership.
Mr. Doan Hoa Thuan, HPX’s General Director said that HPX is expected to increase its ownership rate to 100% in Cienco 5 in the near future.
After 4 days of HOSE offering from 24/7 with 150 million listed shares, with the first reference price of 26,800 VND / share, HPX shares have increased in 3 sessions (6.7%; 0.3% ; 1.7%), and 1 session decreased (-5.9%). Closing this week at 27,450 VND / share, equivalent to the capitalization value of more 4,117 billion VND.
