Kinh Bac invests in nearly 675 hectares of industrial park in Thai Nguyen

On April 22, Kinh Bac Urban Joint Stock Company (KBC) announced information on the stock market about investing in the construction and business of infrastructure of Phu Binh Industrial Park (IP). The company's Board of Directors unanimously passed a resolution to invest in this project.

Accordingly, the project is located in Phu Binh district, Thai Nguyen province. The project has a total area of ​​675 hectares, with a total investment of more than 11,492 billion VND. Of which, the owner's equity is 1,723 billion VND, the remaining more than 9,680 billion VND is mobilized from investors.

The progress of capital contribution and capital mobilization will follow the progress of the project. The investor said that the project's operation period is 50 years from the date of the investment policy decision. It is expected that in the second quarter of 2025, the project will be approved to implement the investment policy.

Industrial Park of Kinh Bac Company

A few days earlier, Kinh Bac also announced about The subsidiary, Trang Cat Urban Area One Member Co., Ltd., has paid land use fees for the Trang Cat Urban and Service Area Project. Accordingly, Kinh Bac has paid 6,854 billion VND in land use fees for this project.

If including the land use fee paid in 2020, after planning adjustment, the land use fee of the project is about 17,794 billion VND.

Trang Cat Urban and Service Area Project has been implemented by Kinh Bac since 2006 and has completed 100% of land use fees ahead of schedule.

The project is located adjacent to Highway 5B Hanoi - Hai Phong.

Mr. Dang Thanh Tam, Chairman of Kinh Bac Board of Directors, said that the company will quickly deploy 2.5 million square meters of residential land in the project, and will start construction of a social housing area of ​​more than 50 hectares in May.

Mr. Tam said that in the context of many fluctuations in tariff policies, Kinh Bac has proactively implemented response solutions and continued to attract investment in existing industrial parks.

In the first quarter, the company leased 68 hectares of industrial park land. Although some investors are waiting for developments on tariffs, demand for industrial park land from Vietnamese enterprises is still considered positive and has long-term prospects, especially when export markets outside the US increase activities.

During this period, Kinh Bac's KBC shares fell sharply due to concerns about being affected by US tax policies that shifted investment capital flows.

Accordingly, since the reciprocal tax policy was announced on April 2, KBC's price has decreased by 30%, from VND30,600/share to VND20,350/share.

Source: https://nld.com.vn/kinh-bac-dau-tu-kcn-gan-675-ha-tai-thai-nguyen-196250422201449234.htm