Updated business registration information as of 12/01/2024 shows that Ms. Ngô Thị Kim Ngân (born in 1986) has taken the hot seat as Chairwoman of the Board of Directors and legal representative of Metro Star Investment Corporation, replacing Mr. Vũ Hồng Quang (born in 1942).
Mr. Vũ Hồng Quang
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It is known that Mr. Quang held this position since July 2021. In addition, Mr. Quang also owns 0.5% of Metro Star’s charter capital, equivalent to 6 billion VND.
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Process of establishment and change of leadership at Metro Star
Source: Compiled by the writer
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Metro Star Investment Corporation is known as the investor of the Metro Star residential and commercial high-rise project (Metro Star project), with a total area of over 18,337 m2 located at 360 Võ Nguyên Giáp Street (formerly Hanoi Boulevard), Phước Long A Ward, Thu Duc City, Ho Chi Minh City.
The Metro Star project has a prime location in the park along the frontage of Võ Nguyên Giáp Boulevard, at the connection point with Belt Road 2 through Phạm Văn Đồng and Mai Chí Thọ.
Rendering of Metro Star project
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The initial project was invested by the Ministry of Transport and Civil Engineering Construction Joint Stock Company in 2008, with an investment capital of nearly 487 billion VND, with an expected progress from 2008-2010. However, in July 2016, the Ho Chi Minh City People’s Committee approved the project transfer to I-Home Company Limited (now Metro Star Investment Corporation) – a subsidiary of CT Group. After the change of ownership, the investment capital of the project increased to over 1,600 billion VND, with the investor’s contribution accounting for 20%.
In addition to the mentioned high-level leadership changes, CT Group recently announced that on January 22, 2024, the Thu Duc City People’s Committee issued a document approving the adjustment of the investment policy and project investor.
The project’s website states that Metro Star is expected to be fully handed over in the fourth quarter of 2024, offering a total of 1,468 apartments with an area ranging from 59 to 75.4 m2, and 76 shophouse units with an area of 35 to 310 m2 per unit.
Shareholder changes at Metro Star after announcing IPO plans in Hong Kong
