Quoc Cuong Gia Lai Company wants to change its name

At the 2025 annual shareholders' meeting held on the afternoon of May 17, Mr. Nguyen Quoc Cuong, General Director of Quoc Cuong Gia Lai Joint Stock Company, said that this year is the year Quoc Cuong Gia Lai celebrates its 30th anniversary.

Mr. Cuong submitted to the shareholders' meeting for approval and renaming Quoc Cuong Gia Lai to be consistent with the process of merging provinces and cities, as well as aiming at investment cooperation with foreign investment organizations. The name change does not affect the company's transactions.

In 2025, Quoc Cuong Gia Lai plans to earn 2,000 billion VND in revenue, 2.7 times higher than in 2024. Expected profit is 300 billion VND, 4 times higher than in 2024.

On this occasion, Mr. Nguyen Quoc Cuong, as the general director and also the son of founding shareholder Ms. Nguyen Thi Nhu Loan, and all employees of the company officially expressed their gratitude to Ms. Loan for her contributions and sacrifices for Quoc Cuong Gia Lai.

Overview of Quoc Cuong Gia Lai shareholders' meeting

In the first quarter of 2025, Quoc Cuong Gia Lai recorded net revenue of VND 111 billion, a sharp increase of 188% over the same period last year. Revenue from real estate brought in VND 79.8 billion for Quoc Cuong Gia Lai this quarter.

Responding to shareholders, Mr. Nguyen Quoc Cuong said that with the Bac Phuoc Kien Residential Area project (Nha Be district, Ho Chi Minh City) with an area of ​​nearly 92 hectares, the amount of VND 2,882.8 billion is being refunded to Sunny Island Investment Joint Stock Company according to the enforcement agency. Quoc Cuong Gia Lai is proposing to the enforcement agency to pay gradually over 2 years. "In the next 2-3 years, Quoc Cuong Gia Lai will have cash flow and business activities will be very positive" - ​​Mr. Cuong affirmed.

Source: https://nld.com.vn/cong-ty-quoc-cuong-gia-lai-muon-doi-ten-196250517172333709.htm