On June 17’s trading day, DPG shares surged to the ceiling price of VND 45,150/share after the latest project information was announced.
Earlier, at the annual general meeting held in late April this year, Dat Phuong’s Chairman – Luong Minh Tuan hinted at the revival of the Binh Duong project and expected to complete the procedures in May-June.
 Chairman of Dat Phuong Group – Luong Minh Tuan
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The company stated that the previous project investment policy revocation was due to obstacles arising from new regulations related to the conversion of the BT (build-transfer) model, making the investment format no longer applicable. However, the province decided to return the project to Dat Phuong for continuation without re-tendering. According to Chairman Tuan’s sharing in late April 2025, the company had poured hundreds of billions of dong into the project, mainly for consulting fees and site clearance costs.
Returning to the new direction announced on June 16, the project has a 50-year term, including a high-rise hotel, villas, restaurants, a beach club, and notably, an additional 18-hole golf course with auxiliary works. Dat Phuong stated that they updated the investment objective to include the golf course to align with the direction approved by the People’s Committee of Quang Nam province on March 28.
The complex project’s scale has also been adjusted, with a total investment construction area of approximately 151.5 hectares. Of this, the 18-hole golf course spans 68.4 hectares, and the remaining area is mainly allocated for a commercial and tourism service complex and a seaside resort.
In the new plan, the total project investment capital has been reduced from VND 4,650 billion to VND 3,000 billion. Accordingly, the contributed capital has been adjusted downward from VND 929 billion to VND 450 billion, with the remainder being loan capital.
In terms of progress, Dat Phuong shared that the project would be implemented in two phases over a total of six years. Phase 1 is expected to commence in Q1/2027, and Phase 2 will kick off in Q1/2030.
– 08:19 18/06/2025
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