Monday , March 1 2021

The son of capitalist Trinh Van Bo has valued more than 2,000 billion Vinaconex shares



Recently, together with the State Capital Investment Corporation (SCIC), Viettel Group has also announced the auction of 94 million joint-stock companies. Vietnam's exports of imports and construction (Vinaconex) are owned by Viettel. This share corresponds to 21.28% of Vinaconex's subscribed capital.

As a result of the assessment of the capacity of the investors who participated in the auctioning of Vinaconex shares announced by the Evaluation Board, two investors who fully meet the conditions for participating in the Viettel share auction auctioned by Vinaconex at Thang Long Housing and Urban Development in Vietnam and Cuong Vu Real Estate Co., Ltd.





Two investors registered at the auction of Vinatocon shares owned by Viettel

Two investors registered at the auction of Vinatocon shares owned by Viettel

With an offer price of VND 21,300 / share, the investors participating in the auction will have to spend at least 2,002.4 billion Dollars in order to obtain and pay the full amount of shares in the period from 23/11 to 29/11/2018.

The data on the national business portal shows that Thang Long's Housing Development and Urban Development Corporation was established in early 2010, located at 135 Tran Phu Street, Van Quan Ward Ha Dong District, Hanoi, with major real estate activities, land use rights. This company is represented by Trinh Can Chinh, Legislature.

Trinh Can Chinh was the son of a private entrepreneur, Trinh Van Bo, who invested 1 million dong in 1946 to create a Vietnamese Indochina Bank located in 58 Trang Tien (Hanoi).

His family also devoted all 48 Ngoc Ngang houses to the second floor of Uncle Ho and 15 members of the Central Party Standing Committee. It was here that the "Declaration of Independence" was created. Then, in the Gold Week, to receive government funds and people, his family has invested 5,177 gold, equivalent to a government of 2 million Indochina.

Trinh Can Chinh, who was sent to the Soviet Union in 1973 to study oceanography, returned to Vietnam in 1973 and was transferred to the Legislative Committee in 1974. now the Ministry of Justice.

In 1979, due to internal controversy at the agency, he was "blamed" for not having provided military service and was not released.

Mr Trinh Can Chinh

Mr Trinh Can Chinh – businessman "lineage" started business during (Vietnamnet photo)

He said: "It's been laid off, it's difficult to live with rice, I have to go, sell everything, go on the market, but it's possible because of the nature of the business, the income is much higher than the officials at that time."

However, he was reinstated in 1983 when he worked at the Ministry of Justice and Law University until his retirement, he again "started" the business, became a leader of the Group. Housing development and the city of Thang Long Vietnam.

It is known that the Trinh Can Chinh company has acquired Vina Megastar Corporation Hesco Van Quan (Ha Dong) and Vinh Hung Dominium 409 project. The total investment capital of these projects is about 3000 billion Dollars.

According to his statement, he still retains family traditions in business, selling 10 dong, keeping 7, while remaining helping the poor, the virtues of work.

On the stock market VCG shares are currently paid at 18,800 Dollars (based on the closing price of the session of August 18th). Thus, the price Trinh Can Chinh bought for the whole lot is 13% more expensive than the market price of VCG.

In the third quarter, Vinaconex reported net sales of DEM 2222 billion, down from a slight decrease of 8.7%, while net profit fell by 29% y / y to 185.4 billion Dollars.

May (synthesized)


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