Phuc Hung Company increased investment of more than 1,600 billion VND in Cao Thang Industrial Park (Thanh Mien)

high-rise-industrial-building(1).jpg — *Cao Thang Industrial Park's investment capital was adjusted to increase from over 634 billion VND to over 2,285 billion VND (documentary photo)*

Specifically, the total investment capital of the project was adjusted from over VND634 billion to over VND2,285 billion, an increase of over VND1,600 billion compared to the approved investment policy. Of which, the investor's equity is VND343 billion; the rest is borrowed capital from credit institutions.

The project's objective was also adjusted from investing in construction and trading of technical infrastructure of Cao Thang industrial cluster to investing in synchronous construction of technical infrastructure system of Cao Thang industrial cluster and building system of factories, warehouses, and offices for lease.

The industrial park will attract businesses in the fields of agricultural and food processing; supporting industries; manufacturing products using local materials; mechanical engineering; processing and assembling glass and metal products; attracting projects with little impact on the environment...

The scale of the project is adjusted to include the construction of a system of factories, warehouses, offices... for rent, with a rental area of 199,943 ^m2 .

The project completion and operation schedule is adjusted to 24 months from the date the Provincial People's Committee approves the adjustment of the investment policy, instead of the deadline before December 7, 2024.

Previously, in July 2023, the Provincial People's Committee approved the investment policy for the project to build and operate infrastructure for the Cao Thang industrial cluster in Cao Thang commune (Thanh Mien).

This project is invested by Phuc Hung High-Tech Investment Joint Stock Company (formerly Hai Duong High-Tech Garment Joint Stock Company) with a total investment capital of more than 634 billion VND.

The project has a total area of 41.73 hectares, of which 28.4 hectares is industrial land for lease, the rest is service land, administration, technical infrastructure, traffic...

During the project implementation process, this company had changes in the project's objectives and investment capital, so it proposed adjustments and was approved by the Department of Finance.

This is the domestic investment project with the highest capital increase adjustment since the beginning of the year in Hai Duong.

Source: https://baohaiduong.vn/cong-ty-phuc-hung-tang-hon-1-600-ty-dong-dau-tu-vao-cum-cong-nghiep-cao-thang-thanh-mien-413336.html