Vincom Retail completes transfer of Vincom Center Nguyen Chi Thanh

(Dan Tri) - Vincom Retail has completed the transfer of Vincom Center Nguyen Chi Thanh to Bao Quan Company, in order to restructure the portfolio and focus on key projects.

Vincom Retail Joint Stock Company (stock code: VRE) has just announced the transfer of all capital contributions at Vincom NCT Real Estate Company Limited - the owner of Vincom Center Nguyen Chi Thanh - to Bao Quan Investment Trading and Service Company Limited.

Upon completion of the transaction, Vincom NCT will no longer be a subsidiary of Vincom Retail. The transferee is an independent legal entity with no ownership relationship with Vingroup or its member companies.

The transaction is part of an investment strategy to optimize operational efficiency and focus resources on key commercial centers with large scale and high potential for future development.

Vincom Center Nguyen Chi Thanh (Photo: VRE).

During the upgrading project, customer benefits will not be affected. Vincom Center Nguyen Chi Thanh will continue to operate normally in areas not subject to renovation, including supermarkets, food courts, cinemas and utility services.

Vincom Retail is currently the leading retail real estate investor in the country with a system of nearly 90 Vincom shopping centers present in 31/34 provinces and cities.

Most recently, the company opened the Vincom Mega Mall system in the east of Hanoi (Vincom Mega Mall Ocean City with a scale of nearly 70,000m2) and Hai Phong (Vincom Mega Mall Royal Island with a scale of more than 55,000m2).

Source: https://dantri.com.vn/kinh-doanh/vincom-retail-hoan-tat-chuyen-nhuong-vincom-center-nguyen-chi-thanh-20251028133306209.htm