Real estate tycoon Danh Khoi seeks career in agriculture and healthcare

(Dan Tri) - Agriculture and healthcare are two business areas that Danh Khoi is carefully looking for directions in. The contribution of these two areas is expected to account for 30% of total revenue.

This afternoon (June 24), Danh Khoi Group Joint Stock Company (stock code: NRC) held the 2025 annual general meeting of shareholders.

One of the notable contents is that the enterprise added business lines related to high-tech agriculture , pharmaceuticals, medical supplies and health care.

Some industries and occupations are added such as rice wholesale; wholesale of agricultural products, raw materials for animal feed, aquatic feed; food wholesale; research and transfer of science and technology on medicinal plant cultivation...

Mr. Le Thong Nhat - Chairman of Danh Khoi - shares about the new strategic plan (Photo: DK).

Speaking to shareholders, Mr. Le Thong Nhat - Chairman of Danh Khoi Board of Directors - said that the company is participating in two new fields: agriculture and healthcare . However, the Board of Directors (BOD) and the Executive Board have spent 3 years researching and studying; and have built an ecosystem with partners.

Mr. Nhat also emphasized that now is the right time for the company to participate but with a cautious mindset. The contribution from these two areas will only account for 30% of the company's total revenue. Revenue is expected to arise from the third and fourth quarters of this year.

Responding to Dan Tri reporters on the sidelines of the meeting, Chairman Danh Khoi added that in the short term, the company will be very cautious with two new business segments. In agriculture, the company will promote food trading and cultivation; cooperate with partners with high-tech growing areas, and grow more medicinal herbs to serve the medical sector.

Mr. Nhat believes that these two industries create sustainable value, cooperation with partners creates synergistic value and helps Danh Khoi gradually overcome difficulties.

Affirming that agriculture and healthcare still account for a small proportion, Mr. Nhat declared that real estate is still the core and focus industry. In the second half of the year, the company will develop investment cooperation with 4 investors, implementing 5 projects in Nha Trang, Binh Duong, Binh Dinh, Binh Phuoc. According to Mr. Nhat, these projects have been legally standardized, and he believes that the liquidity of the projects will be good. The company's board of directors is confident that sales will be around 600-650 billion VND.

This year, the company's board of directors assesses as a pivotal year for the recovery and development of the Vietnamese economy in general and businesses in particular. The first advantage is that the support policy from the Government is increasingly clear and drastic, the demand for housing is still very large, especially in densely populated urban areas.

However, this year still has some significant challenges that impact business operations, including global economic fluctuations, complex geopolitics; changes in management and administrative boundaries causing delays in legal procedures and inconsistencies in implementation; new policies need time to come into practice...

On that basis, the Board of Directors submitted to shareholders for approval the 2025 business target with total revenue of VND 959 billion and pre-tax profit of VND 25 billion, a strong improvement compared to the previous year's loss figure.

Mr. Trinh Van Bao - Deputy General Director of the company - said that in the revenue structure of 959 billion VND, the high-tech agriculture sector is expected to contribute 21%; the pharmaceutical and medical sectors contribute 11%. The remaining, real estate accounts for the largest proportion, expected to reach 68%.

The congress also approved the plan to cancel the plan to issue individual shares to increase charter capital in 2024, expected to mobilize 1,000 billion VND. The reason given by the company is that the economic context has many fluctuations, market conditions are not favorable for implementing the issuance.

Instead, the company has a new plan to offer more than 92.5 million shares to raise capital. The expected amount of more than 925 billion VND will be allocated to many different purposes.

Of which, more than VND337 billion is to receive the transfer of 33.76 million shares at Vietnam Excellent Healthcare Investment Corporation; VND300 billion is invested in apartments in the Nha Trang project invested by VHR Investment Corporation. The rest is to pay the principal and interest of bonds; pay off loans and supplement working capital.

Source: https://dantri.com.vn/kinh-doanh/dai-gia-bat-dong-san-danh-khoi-tim-duong-lam-nong-nghiep-va-y-te-20250624163713444.htm