Specifically, the HAACH2427001 bond lot was issued by Ha An Real Estate on June 28, 2024, and completed on July 26, 2024, with a volume of 2,350 bonds, a par value of VND 100 million/bond, and an issuance value at par of VND 235 billion. This bond lot has a fixed interest rate of 10.2%/year, a term of 3 years, maturing on June 28, 2027.
The Dat Xanh Group building, where the VND 235 billion bond lot was issued (Illustrative image)
These are non-convertible bonds, without warrants, and with collateral. Data from HNX shows that the collateral for the HAACH2427001 bond lot is land, houses, and other assets attached to the land at Plot No. 1, Map Sheet No. 67 (2001 data). This plot of land is located at No. 2W, Ung Van Khiem Street, Ward 25, Binh Thanh District, Ho Chi Minh City, with an area of 950.6 sq. m. The attached works are office buildings with a construction area of 444.2 sq. m.
The building at No. 2W, Ung Van Khiem Street is the headquarter of Dat Xanh Group JSC (Dat Xanh Group, HoSE: DXG) – the parent company of Ha An Real Estate.
According to HNX data, in addition to the above-mentioned HAACH2427001 bond lot, Ha An Real Estate is currently circulating the HAACH2226001 bond lot, which was issued on July 20, 2022, with a term of 4 years and a value of VND 210 billion.
In terms of business results, in 2023, Ha An Real Estate reported a post-tax profit of over VND 377 billion, up more than 5.5 times compared to the previous year.
As of December 31, 2023, Ha An Real Estate’s equity was VND 9,954 billion, up 3.9% from the beginning of the year. The debt-to-equity ratio was 1.3 times, equivalent to VND 12,940 billion. Of this, bond debt was about VND 1,200 billion.
Ha An Real Estate JSC was established on February 23, 2018, with its headquarters at No. 18, Kha Van Can Street, An Binh Ward, Di An City, Binh Duong Province. The main business lines include real estate business and ownership, user, or leased land-use rights. The company’s charter capital is currently VND 9,918.5 billion, and its legal representative is Mr. Nguyen Chi Nghiem, holding the position of General Director.
According to our information, Ha An Real Estate is the investor of the Gem Sky World project – a 92.2-hectare residential area project in Long Duc, Long Thanh (Gem Sky World). The project has a total investment of over VND 5,700 billion. The project scale is over 92 hectares, with 50.5% for residential land and the remaining 49.5% for parks, trees, and public works. The project is divided into 8 subdivisions with a total of over 4,000 products, including land plots and built-up houses.
In October 2023, Ha An Real Estate was fined VND 900 million for violating capital mobilization regulations at the Gem Sky World project.
Recently, the Dong Nai Department of Natural Resources and Environment announced the inspection results of the land use status and conditions for the transfer of land-use rights of 1,727 land plots belonging to the Gem Sky World project. Accordingly, these 1,727 land plots have met the conditions for transfer.
Declining USD Prices: Banks and Free Market Suffer Declines
Approaching Tet holidays, the USD price in banks and the free market dropped significantly, despite the international USD index maintaining a high level.
Vietnam Airlines sees promising results in its quest for financial balance
By the end of 2023, this business has incurred a total loss of over 5.8 trillion VND despite a 30% increase in revenue.
Mr. Ngo Dang Khoa (HSBC): Exchange rate under pressure in Q1, expected to stabilize around 24,400 dong/USD by end of 2024
Prior to the rising trend of the USD, Mr. Ngo Dang Khoa – Director of Foreign Exchange, Capital Markets and Securities Services, HSBC Vietnam, has shared some insights and forecasts regarding the upward momentum of the USD and exchange rates.
Unforeseen sharp reduction in flight tickets from Ho Chi Minh City
Unlike the previous days of 27th, 28th, and 29th of the lunar calendar, the airfare from Ho Chi Minh City to northern provinces on 9th February (or 30th of Tet) has significantly reduced. In fact, passengers can still purchase tickets for same-day travel as there are still plenty of flights available.
