The 5-year bond issue offers an attractive 12% annual interest rate. The issuance completion date was June 29, 2024, with a corresponding maturity date of June 29, 2029.
TNHH Investment Construction Galaxy – Ice Galaxy was established in December 2014 with an initial chartered capital of VND 68 billion. The two founding shareholders were JSC Truong Galaxy (holding 97%) and Investment Construction Trading Ice Galaxy Company Ltd (3%). The director and legal representative at that time was Mr. Tran Thanh Truyen.
In August 2020, Ice Galaxy withdrew from the list of shareholders, and Mr. Truong Xuan Binh acquired the 3% stake left by the founding shareholder.
In April 2021, Ms. Vuong Thi Diem Trang replaced Mr. Truyen as the director and legal representative of the Company. Also, during this month, Mr. Truong Thanh Vinh replaced the remaining founding shareholder, JSC Truong Galaxy, holding 97% of the capital. Thus, from this point onwards, both founding shareholders had completely divested from Galaxy – Ice Galaxy.
From that point up to December 2023, Galaxy – Ice Galaxy increased its capital to VND 980 billion, and the shareholder structure changed, with Mr. Binh holding 49% and Mr. Vinh, 51%. On December 20, 2023, Ms. Trang replaced Mr. Binh, holding 49%, and Mr. Nguyen Dai Duong replaced Mr. Vinh, holding 51% of the Company’s capital. This shareholder structure remains unchanged to date.
Following the change in shareholders’ structure, on December 29, 2023, the Company issued the THBCH2328001 bond with a value of VND 800 billion, also with a 5-year term and a 12% annual interest rate. So, with this newly raised lot, the Company now has two bond issues with a total debt of VND 1,400 billion.
Galaxy – Ice Galaxy is the investor of the The Esme Di An project, a mixed-use development of residential and commercial services.
The Esme Di An Project Location
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 The Esme Di An Project Facade
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According to the investment approval document for the project in April 2015, the total investment was nearly VND 830 billion, and the progress was expected to be from 2015 to 2017. However, the project later underwent changes in the area and planned construction items, causing a delay.
In 2022, the project was approved for a 1/500 planning by the People’s Committee of Di An City. The project progress is expected to be from June 2022 to December 2027 for completion and operation. The Esme Di An covers an area of 4.3ha in Di An City, Binh Duong Province. The planned population is 3,988 people.
The project is located in the north, adjacent to National Highway 1K, in the south to Ring Road 3 (National University); in the west adjacent to Suoi Nhum project, and in the east adjacent to residential land. The construction scale includes 997 apartments, consisting of 2 condo blocks (4 towers with 39 floors and 3 basements), 81 commercial townhouses, and 41 resettlement linked houses.
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