Land for construction of Van Giang ecological urban area, Hung Yen province - Photo: B.NGOC
In a document recently sent to the Hanoi Stock Exchange and shareholders, Sunshine Homes Development Joint Stock Company said that the company's Board of Directors has just approved a resolution to buy back shares of Thanh Xuan Import-Export Joint Stock Company.
Accordingly, Sao Anh Duong Joint Stock Company - a subsidiary of Sunshine Homes - and other parties jointly participated in receiving the transfer of all shares at Thanh Xuan Import-Export Joint Stock Company (belonging to Xuan Cau Holdings ecosystem) to own 55 hectares of land belonging to the ecological garden urban area project in Van Giang town.
Thanh Xuan Joint Stock Company was established in July 2016, its main business line is import and export, with a charter capital of 30 billion VND, contributed by 3 founding shareholders: Ms. Do Thi Hieu holds 70% of capital, Mr. Nguyen Si Bac holds 15% of capital and General Director and legal representative Tran Thi Lien holds 15% of capital.
By November 2019, the position of general director and legal representative was transferred from Ms. Lien to Mr. Quan Trong Hung.
The largest shareholder of Thanh Xuan Joint Stock Company is Ms. Hieu. In addition, Ms. Hieu is currently the Chairman of the Board of Directors of Construction Materials Corporation No. 1 - Joint Stock Company (FIC). One of the two major shareholders of FIC is Xuan Cau Investment Joint Stock Company.
Through this transaction, the new group of shareholders of Thanh Xuan Import Export Company including: Sunshine Group Joint Stock Company, Sao Anh Duong Joint Stock Company, Dynamic Innovation Company Limited and Vinaminco Khanh Hoa Joint Stock Company will own the right to invest and implement part of the ecological garden urban area project in Van Giang town, Van Giang district, Hung Yen province with a total area of nearly 55 hectares.
The ecological garden urban area in Van Giang town has a scale of 198.4 hectares, with a total capital of more than 31,000 billion VND.
This project has the commercial name Alluvia City, and the investor Xuan Cau Holdings started construction in March 2025.
The area that Sunshine Homes and related parties will implement here has a scale of 54.99 hectares.
According to the resolution of the Board of Directors of Sunshine Homes, the value of the transferred shares will be agreed upon and negotiated by the parties.
Sunshine Homes is a real estate development unit of Sunshine Group. This company is the investor of several major projects in Hanoi such as: Sunshine City, Noble Palace Long Bien, Noble Palace Tay Ho, Noble Palace Tay Thang Long and Sunshine Sky City.
In 2024, this enterprise will achieve revenue of VND 2,934 billion and after-tax profit of VND 837 billion. In the first quarter of 2025, Sunshine Homes' recorded profit reached VND 1,182 billion.
Recently, Sunshine Group has implemented many M&A deals, bringing many companies and projects, including Sunshine Homes, under the group to focus development resources.
At the annual meeting in late April 2025, Mr. Do Anh Tuan, Chairman of the Board of Directors of Sunshine Group, said that the group owns a portfolio of projects with full legal documents, ready for handover in the 2025-2026 period through the restructuring process.
Source: https://tuoitre.vn/sunshine-homes-mua-lai-mot-phan-do-thi-sinh-thai-ti-do-van-giang-20250601112910961.htm
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