“T&T City Millennia Project Owner Profits Nearly 4 Billion VND in First Half of 2024”

As of June 30, 2024, Thai Son – Long An reported total assets of over VND 35.5 thousand billion, double the figure from a year ago. Liabilities also doubled to nearly VND 32.6 thousand billion. Notably, bond debt remained almost unchanged at nearly VND 8.7 thousand billion.

Thai Son – Long An currently has two bond batches in circulation, with a total value of VND 8.7 thousand billion, both bearing an interest rate of 11% per annum. The first batch, with the code TSLCH2129001, was issued on November 26, 2021, and will mature on November 26, 2029, with a value of VND 4,600 billion. The second batch, coded TSLCH2129002, is valued at VND 4,100 billion. It was issued on December 30, 2021, and will mature on November 31, 2029. In May 2024, the company paid a total of nearly VND 573 billion in interest for these two bond batches.

The bonds are secured by the company’s future rights to use land and assets at its project site in Long An, excluding 877 houses from phase 1.1 of the project, which covers more than 11.3 hectares of land.

Established in March 2009, Thai Son – Long An operates in the construction and real estate industry. Its chartered capital, as disclosed on the HNX, is VND 1,500 billion. The company is a member of the real estate division of T&T Group Joint Stock Company and is the investor of the T&T City Millennia project in Can Giuoc District, Long An Province.

Spanning 267 hectares, the project offers a diverse range of products, including shophouses, terraced houses, luxury villas, and high-rise apartments. Approximately 1,700 villas were constructed in the first phase. The project developer is T&T Real Estate Joint Stock Company (T&T Land, a subsidiary of T&T Group Joint Stock Company), and the general contractor is Newtecons Construction Investment Joint Stock Company.

Ha Le

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