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LCG: LICOGI 16 receives a capital transfer for a project
According to Decision No.17/QD-HDQT by the Board of Directors, LICOGI 16 Joint Stock Company (HoSE: LCG) received 80% of the capital transfer from Construction & Trading No.12 Co., Ltd. (*) and was granted Business License No.0301522507-1 by the Department of Planning and Investment of Hochiminh City.
The Board of Directors approved to receive the capital transfer from Construction & Trading No. 12 Co., Ltd. to execute a construction project of a 12.5-hectare residential area in Hiep Thanh Ward, District 12, Hochiminh City.
Total area of the project: 12.53 hectares
Location: Nguyen Anh Thu Street, Hiep Thanh Ward, District 12, Hochiminh City.
Purpose: To build a residential area.
Structure of land use:
- Housing-area: 62.707 square meters, including: area for terraced houses and villas: 51,295 square meters, area for apartment building: 11,412 square meters.
- Area for trees and sports center: 10,263 square meters.
- Area for public works: 11,905 square meters.
- Area for traffic and parking: 40,662 square meters.
- Time to start the project: Expected in April 2011.
- Rate of progress: 6 month from the date of commencement.
(*) The company name is temporarily translated.
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