How is CenLand, where Shark Hung is Vice President, doing?

(NLDO)- CenLand has just completed its obligation to pay principal and interest on the mature bond code CRE202001.

Century Real Estate Joint Stock Company (CenLand, stock code: CRE) has just sent a document to the Hanoi Stock Exchange (HNX) announcing the payment status of principal and interest of bonds code CRE202001.

Shark Hung's CenLand owes more than 1,600 billion

Accordingly, the enterprise paid the entire principal and interest for the bond lot on October 13. Specifically, the principal payment value was 346.52 billion VND, the interest payment was 10.47 billion VND, with an interest rate of 10.5%/year.

Thus, the enterprise has completed its obligation to pay principal and interest on the maturity bond code CRE202001.

Lot CRE202001 issued on December 31, 2020, initial term of 3 years, corresponding to maturity date December 31, 2023; issuance value VND 450 billion.

In the first 6 months of the year, CenLand's net revenue reached 504.1 billion VND, down 39% over the same period last year.

In addition, CenLand's Board of Directors has just approved a plan to open a credit limit and borrow capital to serve regular operations at the Joint Stock Commercial Bank for Investment and Development of Vietnam ( BIDV ) - Thai Ha Branch.

Specifically, the company opens a credit limit and short-term loans in 2025-2026 at VND 400 billion to supplement working capital (including overdraft limit), issue guarantees, open LCs to pay brokerage commissions, sales costs, and business management costs for business operations.

Profits and inventories both skyrocketed.

Currently, the company has not announced its business results for the third quarter of 2025. However, according to the audited consolidated financial report for the 2025 mid-year, CenLand recorded net revenue of VND504.1 billion, down 39% over the same period last year.

After deducting expenses, this enterprise's after-tax profit was 43.8 billion VND, an increase of 175%.

As of June 30, 2025, the company's cash and cash equivalents portfolio reached VND 60 billion (up 93% compared to the beginning of the year). Inventory also increased sharply compared to the beginning of the year, more than 78%, to VND 631.9 billion, mainly remaining apartments of the Sky City Towers 88 Lang Ha project, DETACO apartment complex, Dai Lai Villa and Entertainment project,...

In terms of debt structure, CenLand's total liabilities increased by 9.4% compared to the beginning of the year, to nearly VND 1,662 billion. Of which, loans and financial leasing debt accounted for the largest proportion, nearly 55%, reaching VND 913.8 billion. The company's long-term debt was VND 163 billion. Equity as of the end of the second quarter of 2025 reached VND 5,707 billion.

On the stock market, CRE shares are priced at VND10,050/share, down nearly 3% last week, up nearly 30% compared to the beginning of 2025.

In CenLand's shareholder structure, the largest shareholder is Century Group holding more than 49.93% of capital, followed by IPA Investment Group owning 10.91% and Mr. Pham Thanh Hung (also known as Shark Hung) holding 3.39% of capital and holding the position of Vice Chairman of the Board of Directors of this company.

Source: https://nld.com.vn/cenland-noi-shark-hung-lam-pho-chu-tich-dang-kinh-doanh-ra-sao-196251015141733623.htm