SDI's new shareholders include 4 newly established companies. Of which, Thien Phuc Business Investment and Development holds 16% of capital; Falcon Business Investment and Development holds 12.5% and Emerald Business Investment and Development holds 10.5% of the capital. Finally, NP Business and Development private sector holds the remaining 16%.
On April 5, Vingroup (stock code: VIC) announced that it has completed the transfer of 55% of the charter capital of SDI Trade Development and Investment Company Limited - the unit that owns over 99% of the charter capital. Charter of Sado Trading and Business Joint Stock Company. Meanwhile, Sado is the largest shareholder of Vincom Retail (stock code: VRE) holding 41.5% of capital.
Thus, both Sado and Vincom Retail are no longer subsidiaries of Vingroup. However, this group still directly owns 18.8% of Vincom Retail's equity capital and will still be the second largest shareholder.
Revealing the group of investors buying back the company holding 41.5% of Vincom Retail's capital - Photo 1.
On April 4, according to the newly updated business registration of SDI company, 4 businesses in Ho Chi Minh City bought a total of 55% of the company's shares. About 45% of the remaining shares are still held by Vingroup and other companies. Of which, Vingroup directly holds (15.7%) and Ngoc Viet Company (an enterprise 99% owned by Vingroup) holds 29.2%. In addition, Vincom Security Services Company Limited holds 0.006% of capital, Vinbus holds 0.006% of capital.
SDI's new shareholders include 4 newly established companies. Of which, Thien Phuc Business Investment and Development holds 16% of capital; Falcon Business Investment and Development holds 12.5% and Emerald Business Investment and Development holds 10.5% of the capital. Finally, NP Business and Development private sector holds the remaining 16%.
The new group of investors has held 55% of SDI's capital - the company that indirectly owns 41.5% of Vincom Retail's capital.
Of which, NP Business Investment Joint Stock Company has a charter capital of 1,257 billion VND. The shareholders of this enterprise include Mr. Nguyen Hoai Nam (holding 90%), and Mr. Phuong Anh Phat (holding 5%) and NP Investment Company Limited (holding 5%). Currently, Mr. Phuong Anh Phat (born 1971) is currently the General Director, legal representative of NP business.
Mr. Nguyen Hoai Nam is currently holding the position of General Director of Berjaya Vietnam and has just run for the Board of Directors of Vincom Retail for the new term.
Mr. Phuong Anh Phat and Mr. Nguyen Hoai Nam have many close collaborations with each other. Specifically, Mr. Phuong Anh Phat is also the General Director of JVA HCM company, a Jeep distributor in Vietnam. Currently, Mr. Nguyen Hoai Nam holds 56% of JVA HCM and Mr. Phuong Anh Phat holds 44%.
Emerald Business Investment and Development Joint Stock Company has a charter capital of 1,105 billion VND. In particular, Mr. Phuong Anh Phat currently holds 90% of the capital of this enterprise.
Falcon Investment and Development Company Limited has a charter capital of 887 billion VND.
Thien Phuc Business Investment and Development Company Limited has a charter capital of 1,255 billion VND. The shareholders of this company include Mr. Huynh Thanh Truc (49%), Mr. Luong Phan Son (36%) and Mr. Huynh Thien Phuc (15%).
Vingroup can profit 21,000 billion when divesting capital from Vincom Retail
In a recent report, Vietcap Securities revealed that Vingroup can transfer 100% of SDI's capital at a price of more than 39,000 billion VND. This price includes SDI's actual ownership shares in Vincom Retail, (equivalent to a valuation of 32,000 VND/share). This price is nearly 30% higher than VRE's current price on the stock exchange of 24,700 VND/share.
This transfer price includes the actual ownership at Vincom Retail and the right to enjoy minority shareholder interests in two real estate projects Vu Yen and Ha Long Xanh. Vietcap also said that Vingroup plans to record a pre-tax profit of VND 21,520 billion from this divestment transaction. This is a cash transaction and will be recorded on Vingroup's balance sheet when receiving the money.
Regarding the above deal, Vice Chairman of the Board of Directors and CEO of Vingroup Nguyen Viet Quang affirmed that the group will still manage the operations of the shopping centers on behalf of Vincom Retail, and the rights of tenants and store owners will still be guaranteed. guaranteed as committed according to signed contracts.
"There is no change in the organization, management and operation model of Vincom Retail because Vingroup will sign a management contract with Vincom Retail," Mr. Quang said in a previous interview.
Vincom Retail is operating 83 shopping centers located in central locations across 44 provinces and cities in Vietnam with a floor area of 1.75 million m2. According to statistics from VCSC, Vincom Retail's total number of shopping centers has surpassed other companies in the same industry in Southeast Asia such as SM Prime, Central Pattana, AEON, Pakuwon Jati, Parkson and Lotte.