Monday, 26/12/2016 14:59

DXG: Resolution on capital contribution to invest in SaigonRes Riverside project

Dat Xanh Real Estate Service & Construction Corporation has announced Board Resolution No.39 dated December 23, 2016as follows:

Articles 1: Board approved to cooperate & invest with Sai Gon Real Estate Company to set up Sai Gon Real Estate Joint Stock Company & to develop in SaigonRes Riverside project at Hiep Binh Chanh, Thu Duc, Hochiminh City.

-        Name of project: SaigonRes Riverside

-        Location: Hiep Binh Chanh, Thu Duc, Hochiminh City

-        Investor: Sai Gon Real Estate Joint Stock Company

-        Area Project: 67.221 m2

-        Commercial Area: 227,513 m2

-        Expected total capitalization: VND950,000,000,000; in which:

+ Sai Gon Real Estate Joint Stock Company contributed VND237,500,000,000, equivalent to 25%.

+ DXG contributed VND712,500,000,000, equivalent to 75%.

Articles 2: This Resolution will be effective from December 23, 2016.

HOSE

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