Resort Project Owner in Ninh Thuan Continues to Report Losses in 2023

Sunbay Ninh Thuan, the investor of the SunBay Park Hotel & Resort complex with a total investment capital of nearly 5,000 billion VND in Phan Rang - Thap Cham City. This business continued to report a loss of over 3.6 billion VND in 2023.

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Sunbay Ninh Thuan JSC has just announced some financial indicators in 2022 with a post-tax loss of over VND 3.6 billion (a loss of over VND 1.7 billion last year).

At the end of 2023, the enterprise had equity of over VND 759.7 billion, a slight decrease compared to the beginning of the year. The debt-to-equity ratio was 4.33 times, corresponding to total liabilities of VND 3,416 billion.

Source: HNX.

Sunbay Ninh Thuan is currently circulating 5 bond lots: lot SBPCB2124001, lot SBPCB2124002, lot SBPCB2225001, lot SBPCB2227002 and lot SBPCB2228003, with a total value of VND 1,700 billion. 

The Sunbay Park Hotel & Resort project has adjusted the internal traffic planning in Area C due to the access of local residents.

It is known that the SunBay Park Hotel & Resort project is invested by SunBay Ninh Thuan Joint Stock Company (a subsidiary of Crystal Bay Group and partners including Tecco Corp and Duc Quang Minh Corp) in the center of Binh Son Marine Park, Phan Rang – Thap Cham City. The project has a scale of 8.3 ha with a total investment of VND 4,779 billion.

The project has a main project consisting of 3 high-rise buildings, including Tower A (Lazurya Phan Rang Bay) with 55 floors; Tower B (Nuvensa) with 48 floors and Tower C (Crystal Holdays) with 40 floors.

The investor has completed the construction of towers B and C. In addition, in 2023, the Ninh Thuan Provincial People’s Committee locally adjusted the Detailed Construction Planning Project (scale 1/500) of Area C of Binh Son coastal tourism urban area of the Sunbay Park Hotel & Resort project.