Trường Sơn Land (Him Lam Land) unexpectedly sends HNX a financial report for the first 6 months of 2021. Screen capture
Accordingly, the financial report for the first 6 months of the year of Him Lam Real Estate Trading Joint Stock Company (before the name change) was signed by the Company’s General Director, Mr. Nguyen Ngoc Thuy, on 20/10/2021. However, it was only on 16/4/2024 that the aforementioned report appeared on the Bond Information Portal of the Hanoi Stock Exchange (HNX).
Source: HNX
According to the published information, at the end of the first 6 months of 2021, Him Lam Land (before the name change) only earned a profit of over 1.71 billion VND, but had a debt-to-equity ratio of up to 11.62 times, at over 24,685.3 billion VND.
To date, HNX has only published 03 periodic reports of Truong Son Real Estate Joint Stock Company (the predecessor of Him Lam Land). Screen capture.
Previously, on May 4, 2023, HNX announced Him Lam Land’s (before the name change) financial statements for the year 2022. Accordingly, at the end of 2022, the business surprisingly made a large profit of over 2,379.7 billion VND, which is greater than the equity as of December 31, 2022 (at 2,144.6 billion VND).
Source: HNX
On December 21, 2023, according to information from the National Business Registration Portal, Him Lam Real Estate Trading Joint Stock Company (Him Lam Land) has changed its name to Truong Son Real Estate Joint Stock Company (Truong Son Land Corporation).
Afterwards, Him Lam Land, playing the new role as Truong Son Land, also sent a notice to partners about the company’s name change.
According to the announcement sent by Truong Son Land, the name change is part of a brand repositioning plan and does not affect relationships, transactions, civil obligations, or the execution of contracts and agreements previously signed by the parties. All rights, responsibilities, and obligations of the company will continue to be carried out in accordance with the provisions of the law.
Regarding the predecessor of Truong Son Land, Him Lam Land is a member of Him Lam Group, chaired by Mr. Duong Cong Minh, specializing in real estate development.
Present in the market for over 15 years, Him Lam Land has implemented numerous projects in Ho Chi Minh City, Hanoi, and other provinces, such as Him Lam Phu An, Him Lam Nam Khanh, Him Lam Riverside, Him Lam Cho Lon, etc.
In 2017, Him Lam Land set a goal of listing on the stock exchange but later canceled it.
Regarding Him Lam Land’s (before the name change) exceptional profit in 2022, part of this year’s profit is thought to have come from the company divesting its DIC stake in DIC Corp when the stock price of this stock reached its peak of nearly 100,000 VND/share.
