By 2025, Kinh Bac (KBC) aims to lease more than 200 hectares of industrial park land.

At the first extraordinary general meeting of shareholders in 2025, Kinh Bac Urban Development Corporation - JSC (HOSE: KBC) announced that in 2025, the company expects to lease more than 200 hectares of industrial land.

At the first extraordinary general meeting of shareholders in 2025, Kinh Bac Urban Development Corporation - JSC (HOSE: KBC) announced that in 2025, the company expects to lease more than 200 hectares of industrial land.

Confidently achieve your goals.

At the Annual General Meeting, Ms. Nguyen Thi Thu Huong, Member of the Board of Directors and General Director of KBC, affirmed that this target could far exceed 200 hectares, with the northern region alone expected to reach 50% of the target in the first quarter.

Notably, KBC recently signed a lease agreement for nearly 31 hectares of land in the Nam Son – Hap Linh industrial park with a major technology company designated by Apple. Currently, only one project remains in the industrial park before all land is available. In addition, many other businesses are also interested and want to sign land lease agreements this year.

KBC's management estimates that approximately 100 hectares of industrial park land will be leased in the first quarter of 2025. This gives the company complete confidence in achieving its target of 200 hectares this year.

The first extraordinary general meeting of shareholders of Kinh Bac Urban Development Corporation – JSC (HOSE: KBC) in 2025 was recently held to approve important decisions.

Ms. Huong also shared information about the Que Vo Industrial Park Expansion Project 2, covering 150 hectares on Ring Road 4 – a prime location with significant urban development potential. However, due to the high demand for industrial park land from technology investors, KBC decided to prioritize the construction of this industrial park and is currently finalizing the legal procedures.

Furthermore, Bac Ninh province is emerging with the Gia Binh airport project, and KBC is fortunate to own two industrial parks near this airport with a total area of over 700 hectares. In Trang Due 3 industrial park, 200 hectares of land have been compensated and procedures are being finalized to welcome investors.

Besides Bac Ninh, KBC also has projects in Thai Nguyen, Hai Duong , and Hung Yen, attracting the attention of many investors, including a Chinese corporation that recently visited for a survey two weeks ago.

KBC is not only focusing on the North, but is also expanding its investment into industrial parks in the Central and Southern regions. According to Ms. Huong, the industrial parks selected by the company must meet at least 9 out of 10 stringent standards to ensure efficiency.

Don't set high targets just to "please" shareholders.

Responding to a shareholder's question about KBC often setting high business targets but failing to achieve them in recent years, Ms. Huong explained that this is mainly due to objective factors, especially policy mechanisms.

"If only the land compensation and clearance process had been faster, investors could have come sooner. Land use plans take up to five years to be approved, while customers have needs but KBC still has to wait for the procedures," Ms. Huong shared.

According to her, the company doesn't set high targets to "win over" shareholders; in reality, KBC is well aware of its growth potential and market demand, but implementation depends on many factors beyond its control.

Despite facing many difficulties in recent years, Ms. Huong expects shareholders to be patient, as KBC is on a sustainable development path. The company will achieve breakthroughs this year and in the years to come, depending on government policies. If it exceeds its targets this year, it will also be thanks to projects accumulated from the past.

At the general meeting, Mr. Dang Thanh Tam – Chairman of the Board of Directors of KBC – affirmed that the company has sufficient projects, land funds, and customers, but is still waiting for procedures from the management agencies.

KBC currently owns many large land plots, most notably the Trang Cat Urban Area (nearly 585 hectares), for which it completed its financial obligations in 2020 and has a land use certificate. However, due to adjustments to the city's master plan, this project has not yet been able to commence business operations.

According to Mr. Tam, KBC has accumulated land in Trang Cat for over 20 years, and its current value is very attractive. If the company sells 10% of the land in 2021, the profit will double compared to the plan. KBC is not just making empty promises; it has a concrete product to implement.

With the new state management apparatus, many obstacles have been and are being removed. The Chairman of KBC believes that this is the opportune time for the company to break through and regain its rightful position in the market.

Shareholders also questioned whether KBC could simultaneously implement multiple projects after years of delays. Mr. Tam affirmed that the operational structure at the industrial parks had been ready for a long time, with each park having its own management team.

Financially, KBC is in good shape, with many major banks choosing the company as a lending partner. However, KBC will prioritize using its own capital, followed by capital from customers and banks, to reduce credit pressure.

Therefore, KBC is holding an extraordinary general meeting of shareholders to approve important decisions, especially the capital increase as required by the State Securities Commission. This capital increase will provide the company with sufficient resources to implement new projects, with the total charter capital potentially reaching 20,000 billion VND.

"For projects that have already been licensed, there are no problems. However, to prepare for future projects, KBC needs to allocate capital appropriately to ensure sustainable growth," Mr. Tam affirmed.

Source: https://baodautu.vn/nam-2025-kinh-bac-kbc-dat-muc-tieu-cho-thue-hon-200ha-dat-khu-cong-nghiep-d251299.html