The updated business registration information as of January 12, 2024 reveals that Ms. Ngô Thị Kim Ngân (born in 1986) has taken the hot seat as the Chairwoman of the Board of Directors and also the legal representative of Metro Star Investment Joint Stock Company.
Metro Star Investment Joint Stock Company is known as the investor of the Metro Star residential and commercial high-rise project (Metro Star project), which has a total area of over 18,337 square meters located at 360 Võ Nguyên Giáp (formerly known as Hanoi Boulevard), Phước Long A Ward, Thu Duc City, Ho Chi Minh City.
The Metro Star project has a prime location in the park on the frontage of Võ Nguyên Giáp Avenue, right at the connection point to Beltway 2 via Phạm Văn Đồng and Mai Chí Thọ.
Project rendering of Metro Star
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The initial project was originally invested by Civil Engineering and Transportation Construction Joint Stock Company in 2008, with an investment capital of nearly 487 billion VND and an expected progress from 2008 to 2010. However, in July 2016, the People’s Committee of Ho Chi Minh City approved the transfer of the project to I-Home Co., Ltd. (now Metro Star Investment Joint Stock Company) – a subsidiary of CT Group. After the change of ownership, the project’s investment capital increased to over 1,600 billion VND, with the investor contributing 20%.
In addition to the above-mentioned changes in top leadership, CT Group recently announced that on January 22, 2024, the People’s Committee of Thu Duc City approved the adjustment of the investment policy and investor of the project.
According to the project’s website, Metro Star is expected to be fully handed over in the fourth quarter of 2024; providing the market with 1,468 apartments ranging from 59 to 75.4 square meters in size, and 76 shophouses ranging from 35 to 310 square meters per unit.
Changes in shareholders at Metro Star after announcing the IPO plan in Hong Kong
