Specifically, DXS plans to transfer its entire capital ownership in DXC to its parent company, DXG (HOSE: DXG), in Q2/2025.
According to its business registration, DXC was established in October 2023, with its head office located at 2W Ung Van Khiem, Binh Thanh District, Ho Chi Minh City – the same address as DXS and DXG. Its main business lines include real estate brokerage, consulting, and real estate trading floor services. The current charter capital of DXC is VND 6 billion, of which DXS holds 70%, Mr. Nguyen Truong Son – Chairman of the Board of Directors of DXS holds 0.015%, and the remaining 30% is owned by General Director and legal representative of DXC, Duong Thanh Tuan.
DXC specializes in brokering and trading large land funds, educational land, and commercial real estate for the DXG system and other investors. DXC aims to become a leading connector and consultant, facilitating successful transactions in commercial and educational real estate.
Mr. Duong Thanh Tuan – General Director of Dat Xanh Commercial. Source: DXS
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In addition to the planned capital transfer of DXC, DXS also intends to transfer its entire stake in another subsidiary, Bat Dong San Tulip, as part of a restructuring of its ownership structure. However, the DXS Board of Directors’ resolution does not mention the transferee. This transaction is expected to take place in 2025, with a minimum transfer price per share equal to the book value at the time of transfer.
Bat Dong San Tulip was established in November 2019, initially headquartered at 2W Ung Van Khiem but has since moved to Vincom Center Dong Khoi, District 1, Ho Chi Minh City. Its main business activities include real estate management services, real estate consulting, and brokerage. Nonetheless, in the 2024 Annual Report, DXS stated that Bat Dong San Tulip is the only unit in the company’s financial real estate services segment, providing flexible financial solutions.
Bat Dong San Tulip currently has a charter capital of over VND 58.1 billion, 60% of which is owned by DXS. The current General Director and legal representative is Mr. Pham Anh Khoi. Mr. Khoi is known for his previous roles as a member of the Board of Directors and the Audit Committee of DXS, as well as the Director of the Institute of Economic, Financial, and Real Estate Research Dat Xanh Services (DXS-FERI). However, he resigned from these positions for personal reasons on July 19, 2024. Currently, he serves as the Investment Director of Vinhomes Joint Stock Company (HOSE: VHM).
Mr. Pham Anh Khoi
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In addition to the resolutions regarding the transfer of subsidiaries, the DXS Board of Directors also approved the signing and execution of contracts and transactions between the Company and related parties within the Dat Xanh system. Furthermore, the Board appointed Mr. Le Dang Quoc Hung as a member of the DXS Audit Committee, effective May 23, 2025.
Mr. Le Dang Quoc Hung (holding flowers) at the DXS Annual General Meeting of Shareholders. Screenshot
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Mr. Hung is a newly elected member of the Board of Directors of DXS, replacing Mr. Khoi. According to his resume, Mr. Hung is currently the Chief Financial Officer and Secretary of the Board of Directors of Dat Xanh Group Joint Stock Company (HOSE: DXG), the parent company of DXS. He also serves as a member of the Board of Directors/Members’ Council in several companies, including Ha An Real Estate Investment and Trading Joint Stock Company, Linkgroup Real Estate Joint Stock Company, Regal Group Joint Stock Company, and Saigon Riverside Investment Limited Company. Mr. Hung does not currently hold any shares in DXS.
– 10:58 26/05/2025
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