The company owning the Metro Star project in Ho Chi Minh City has new changes.

An individual shareholder appears to own 49.5% of Metro Star company's capital.

Metro Star Investment Company Limited is the investor of the Metro Star project, located next to Metro Line 1 Ben Thanh - Suoi Tien, on the frontage of Vo Nguyen Giap Street, Thu Duc City, Ho Chi Minh City. The project is 30 floors high, expected to be completed and handed over in the fourth quarter of 2024, providing the market with 1,468 apartments and 76 shophouses.

Công ty sở hữu dự án Metro Star ở TPHCM có biến động mới - 1 — Metro Star project perspective (Source: Metro Star Company).

According to information from the National Business Registration Portal , on November 22, the company changed its shareholder structure and charter capital. Charter capital increased from VND 600 billion (2022) to VND 1,187 billion.

With this new capital, the shareholder structure includes 2 organizations and 2 individuals. Of which, Chinh Tam Real Estate Joint Stock Company (formerly known as CT Real Estate Joint Stock Company, a member of CT Group) holds 49.49% of capital; Ms. Dang Thi Tuoi holds 49.5%.

Two individual shareholders, Mr. Vu Hong Quang and Ms. Mac Thi Thuy Hien, each hold 0.505%. Mr. Vu Hong Quang is the Chairman of the Board of Members and Legal Representative of Metro Star Real Estate and Vice Chairman of CT Group.

It is worth mentioning that just 6 days before, on November 16, when Metro Star Company had not yet increased its capital, all 98% of the capital from Chinh Tam Real Estate Company was transferred to Ms. Dang Thi Tuoi.

After the capital increase, the ownership ratio was almost equally divided between Ms. Tuoi and Chinh Tam Real Estate Company.

According to the announcement from the enterprise in early November, the Metro Star project's area has continuously increased from 6,000m2 in 2014 to 1.8ha in 2016 and is approaching the 25.2ha mark in 2023.

The company's revenue reached 600 billion VND in 2017, expected to reach 6,000 billion VND in 2024. The company has almost no outstanding debt, including bank loans and capital mobilized through bonds. Total assets are about 8,000 billion VND.

What company is CT Group?

CT Group - a company involved in the project through its member company Chinh Tam Real Estate - introduced itself as being established in 1992, with 62 member companies present in 12 countries. The company operates in many fields such as real estate, transport infrastructure, healthcare , high technology... under the leadership of Mr. Tran Kim Chung - Chairman of the Board of Directors.

CT Group once attracted attention when in 2012, the Tet bonus for employees with many contributions was an 8 billion VND house and 200 million VND in cash. This company's tradition of high Tet bonuses was maintained for many years after that in the form of BMW cars, cash, vouchers, etc.

In the real estate sector, CT Group has many projects in Ho Chi Minh City such as Léman Luxury Apartments building (District 3); a series of CT Plaza buildings (Tan Binh), CT Plaza Pho Wall (District 1), CT Plaza Minh Chau (District 3) or CT Plaza Nguyen Hong (Go Vap)...

CT Group also invests in the construction of tourism real estate projects such as Léman Cap Resort & Spa (Ba Ria - Vung Tau), Léman Tree Resort (Nha Trang).

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