Ho Chi Minh City International Financial Center has just had a new shareholder holding 91% of capital.

On August 19, the inauguration and launching ceremony of the Saigon Marina International Financial Center (Saigon Marina IFC) will take place at 2 Ton Duc Thang, Saigon Ward, Ho Chi Minh City.

This project is one of 80 large-scale projects nationwide inaugurated and started construction to celebrate the 80th anniversary of the National Day of the Socialist Republic of Vietnam, and at the same time marks the beginning of the roadmap for building an International Financial Center in Ho Chi Minh City.

Saigon Marina IFC is located in the Ba Son area, this location is considered strategic, as it is located close to the Saigon River, adjacent to key trade routes such as Ton Duc Thang - Nguyen Hue Boulevard and quickly connects to central administrative and business areas.

The project is introduced as 55 floors above ground, 5 basements, with a total floor area of over 106,000 m2 on a land area of over 6,000 m2, making it one of the tallest buildings in Ho Chi Minh City. Saigon Marina IFC is designed to be multifunctional, including Class A offices, a commercial center, a hotel, meeting spaces and high-end amenities, expected to serve about 10,000 regular workers.

The investor of Saigon Marina IFC is known as Capitaland Tower Company. In which, Capitaland Tower Company owned by Capitaland Group was approved as the project investor since 2017. After many years of slow implementation, by 2023, domestic shareholders had acquired the company's shares and accelerated the completion progress.

Just welcomed new shareholder owning 91% of capital

Notably, the investor of the Saigon Marina International Finance Center building has just increased its capital tenfold to billions of US dollars. However, according to the latest update, the business situation is suffering heavy losses.

According to information from the National Business Registration Portal, Capitaland Tower has just increased its capital 10 times to more than VND22,000 billion.

In particular, the shareholder structure has a new individual, Ms. Le Thi Huyen Linh, who owns 91% of the capital. The old shareholders have reduced their ownership ratio, including Mr. Luong Phan Son, who holds 8.5%. Ms. Linh was also a member of the company's Board of Directors, and Mr. Son is the legal representative of this enterprise.

Along with the change in shareholder structure, Capitaland Tower also has a new General Director, Mr. Nguyen Diep Anh, who is also the legal representative of the enterprise.

Trung tâm tài chính quốc tế TPHCM vừa xuất hiện cổ đông mới nắm 91% vốn - 3 — Business information (Photo: National Business Registration Portal).

Regarding Grand Marina Saigon IFC, HDBank recently announced plans to move its headquarters to this building to "implement its development strategy in the new phase".

How is business?

Regarding business, according to the report to the Hanoi Stock Exchange (HNX), in the first 6 months of 2024, Capitaland Tower continued to lose more than 38 billion VND after tax. Therefore, the company's equity was negative by nearly 800 billion VND. In 2023 and 2022, the company lost 2,683 billion VND and 756 billion VND after tax, respectively.

As of the end of June 2024, Capitaland Tower's liabilities were VND17,676 billion, an increase of VND5,175 billion after 1 year. Total assets reached VND18,475 billion.