On September 25, Sunshine Group Joint Stock Company (Sunshine Group – stock code: KSF) announced the results of its share issuance to publicly acquire all shares of Sunshine Homes Joint Stock Company (SSH).
The exchange ratio is set at SSH : KSF = 1 : 1.6, meaning each SSH share will be exchanged for 1.6 newly issued KSF shares. The issuance concluded on September 17, 2025.
KSF successfully issued 599,787,308 shares, accounting for 99.96% of the total planned issuance, to 95 investors, including 94 domestic and 1 foreign investor.
Post-issuance, KSF’s chartered capital reached nearly VND 8,998 billion. The company now has 434 shareholders, comprising 426 domestic and 8 foreign shareholders. The sole major shareholder is Mr. Do Anh Tuan, Chairman of the Board, holding over 552.7 million shares, equivalent to 61.43% of the company’s chartered capital.
At the current market price of VND 84,500 per share, KSF’s market capitalization post-issuance exceeds VND 76,000 billion, positioning the company as the second-largest real estate enterprise by market cap, trailing only Vinhomes (VHM) and surpassing Becamex IDC (BCM), Kinh Bac (KBC), and Khang Dien (KDH).
Simultaneously, Mr. Do Anh Tuan’s asset portfolio saw a significant increase, with holdings of over 552.7 million KSF shares, 19.5 million SCG shares, and nearly 18 million KLB shares, totaling approximately VND 48,270 billion.
The merger of Sunshine Homes into Sunshine Group is part of the latter’s restructuring strategy, aimed at consolidating strengths, optimizing governance, and reinforcing Sunshine’s ecosystem in the real estate market.
Blazing Fast: Sunshine’s New Project Races Ahead, Sells Out Before Launch at Just Over 40 Million VND/m²
Unveiling Sunshine Legend City, a groundbreaking residential project offering over 8,000 apartments priced up to 25% below market rates. This development is set to make the dream of homeownership a reality for countless families.
Which Enterprise Will Replace Lotte in Executing the Eco Smart City Project in Thu Thiem?
Sunshine Group and DIA have officially submitted a proposal to the Ho Chi Minh City People’s Committee, seeking approval to continue the development of the Thu Thiem Eco Smart City project, following Lotte’s recent request to terminate its involvement.
Sunshine Group Signs Strategic Distribution Agency Partnership for Southern Projects
Amidst the challenging landscape of the Southern real estate market, Sunshine Group’s strategic partnership agreement is hailed as a pivotal move.
Sunshine Group Consortium Officially Requests HCMC People’s Committee to Auction 3,790 Thu Thiem Resettlement Apartments, Preceding SonKim Land
Sunshine Group and DIA Investment Joint Stock Company have jointly submitted a proposal to participate in the auction for 3,790 apartments across plots R1, R2, R3, R4, and R5 in An Khánh Ward, Ho Chi Minh City.
The Surprising Tale of Hanoi’s Hottest Project: Buyers Willing to Pay a Premium, Yet Real Estate Giant Stuns with a 45% Discount
“A recent property transaction has left many in awe as Sunshine Group offloaded a condo at Sunshine Legend City for a staggering 1.5 billion VND – a full billion less than what eager buyers were prepared to pay. This unexpected turn of events has the market buzzing with excitement and curiosity.”
