Vinaconex Plans to Divest Its Stake in Vinaconex ITC
On June 30, 2025, Vinaconex JSC (HOSE: VCG) announced its plans to divest its capital contribution in its subsidiary, Vinaconex Investment and Tourism Development JSC (Vinaconex ITC, stock code: VCR).
The company’s Board of Directors has approved the decision to sell 107.1 million shares, equivalent to 51% of Vinaconex ITC’s charter capital. The minimum sale price has been set at VND 48,000 per share, and the shares will be transferred through direct negotiation with interested investors.
At this price, Vinaconex is expected to earn a minimum of VND 5,140 billion from the sale. The Board of Directors has authorized the General Director to carry out the necessary procedures to complete the transfer in accordance with the approved plan and in compliance with legal regulations and Vinaconex’s charter.
Vinaconex ITC’s Cát Bà Amatina tourism urban area project
Vinaconex ITC is the investor of the Cát Bà Amatina tourism urban area project (legal name: Cái Giá tourism urban area, Cát Bà ) in Hai Phong city. The project includes 1,300 detached, semi-detached, and terraced villas, mixed-use high-rise buildings, serviced apartments, luxury resorts, and hotels ranging from mini hotels to 5-star and super-luxury hotels, as well as indoor and outdoor entertainment areas, a commercial center, a marina, and other amenities.
According to the management, the project is currently in the process of completing technical infrastructure and legal procedures.
Vinaconex plans to sell a portion of the Cát Bà Amatina project to a partner this year to ensure cash flow and profit. The company is in negotiations with potential partners and aims to sell a significant portion of the project in 2025.
On the stock market, VCG shares surged 4.31% on July 1, 2025, trading at VND 23,000 per share.
VCG share price surge on July 1, 2025
VCR shares also witnessed a significant increase, trading at VND 45,000 per share.
VCR share price increase
“Vinaconex Seeks to Divest 51% Stake in Cat Ba Amatina Project”
The Vinaconex Board of Directors has approved the transfer of 51% of its stake in Vinaconex ITC, with a minimum sale price of VND 48,000 per share.
VCG Plans to Divest 51% Stake in Vinaconex ITC
The offering consists of 107.1 million shares, representing a 51% stake in the company. Shares are priced at a minimum of VND 48,000 per share. The sale will be conducted through direct negotiations with interested investors.
“Vinaconex Seeks to Divest Entire Capital from Cat Ba Amatina Project, Aims to Retrieve Over VND 5.1 Trillion”
The Vinaconex Board of Management has approved the transfer of all shares held in Vinaconex Investment and Tourism Development Joint Stock Company (Vinaconex ITC), the developer of the Cat Ba Amatina resort project in Hai Phong. With a vast expanse of over 170 hectares, this decision marks a pivotal moment for the company’s future endeavors.
Vinaconex ITC considers partial transfer of Cat Ba Amatina project after repaying 2.2 trillion VND to parent company
In the upcoming 2024 annual general meeting, Vinaconex ITC proposes to sell a portion of the Cát Bà Amatina project to another investor in order to continue investing, conducting business, selling or leasing properties, and renting or buying houses and construction works.
