Company with former actor Chi Bao as CEO: Reduced capital from 100 billion to 100 million

Novaland Dat Tam Real Estate Investment Company Limited is a business with 51% of its capital contributed by Novaland and the remaining 49% by Dat Tam Investment Joint Stock Company. The legal representative and general director of Novaland Dat Tam is Mr. Pham Gia Chi Bao - a former actor.

Former actor Chi Bảo at a Novaland event - Photo: Facebook Novaland Group

The Board of Directors of Novaland Investment Group Joint Stock Company (NVL) has just passed a resolution approving the reduction of the company's capital contribution in Novaland Dat Tam Real Estate Investment Company Limited.

Novaland's equity stake in Novaland Dat Tam decreased from 51 billion VND to 51 million VND.

Notably, despite a significant decrease in the actual value of the contributed capital, NVL's ownership stake in Novaland Dat Tam remains unchanged at 51%. Thus, the total charter capital of Novaland Dat Tam is now only 100 million VND compared to the initial 100 billion VND.

Regarding the capital reduction, Novaland Dat Tam will return a portion of the capital contributions to its members in proportion to their share of the company's charter capital.

According to data from the national business registration system, Novaland Dat Tam Real Estate Investment Company Limited was established on February 28, 2022, with its main business being real estate, and its headquarters located in District 3, Ho Chi Minh City.

Business registration shows that Novaland Dat Tam has an initial charter capital of 100 billion VND, of which 51% is contributed by Novaland, the remaining 49% is held by Dat Tam Investment Joint Stock Company.

The legal representative and general director of Novaland Dat Tam is Mr. Pham Gia Chi Bao (formerly actor Chi Bao).

At the same time, Mr. Bao is also the director and legal representative of Dat Tam Investment Joint Stock Company - the entity that holds 49% of the capital of Novaland Dat Tam.

Regarding Dat Tam Investment Joint Stock Company, this real estate enterprise was established in January 2019 with a charter capital of 200 billion VND, operating as a limited liability company. It has two contributing members: Mr. Pham Gia Chi Bao with 99.9% of the capital, and Ms. Ly Thi Tu Dao with the remaining 0.1%.

After four months of operation, Dat Tam Investment Joint Stock Company also increased its capital from VND 200 billion to VND 500 billion and finally to VND 1,200 billion in May 2019. Through these two capital increases, Mr. Bao still maintained his ownership stake at 99.9%.

By June 2019, Dat Tam Investment had switched to a joint stock company model, and at the same time recorded a change in shareholder structure when Mr. Bao reduced his holding ratio to 60%. Two new shareholders appeared: Vidotour Asia Tourism and Trade Company Limited holding 5%, Ms. Nguyen Tuyet Mai 35%. The initial director and legal representative was Ms. Ly Thi Tu Dao, then also transferred to Mr. Bao.

Source: https://tuoitre.vn/cong-ty-do-cuu-dien-vien-chi-bao-lam-ceo-giam-von-tu-100-ti-con-100-trieu-20241231131743456.htm