HVH Plans to Invest Additional VND 140 Billion in Euro Villas Project Developer in Phú Thọ

On September 26th, the Board of Directors of HVC Investment and Technology Joint Stock Company (HOSE: HVH) approved adjustments to the capital contribution in its subsidiary, HVC and Ho Guom Hoa Binh Investment Limited Liability Company (HVC Hoa Binh).

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HVC Hoa Binh is a real estate company established in 2023, headquartered in Ky Son Ward, Phu Tho Province (formerly part of Hoa Binh Province). The company currently has a chartered capital of 150 billion VND, contributed by HVH with 105 billion VND (70%) and Ho Guom Group JSC with 45 billion VND (30%).

Mr. Tran Huu Dong, Chairman of the Board of Directors of HVH, also serves as the Chairman of the Members’ Council of HVC Hoa Binh.

According to the plan, HVC Hoa Binh will soon increase its chartered capital from 150 billion VND to 350 billion VND through additional contributions from existing members in proportion. HVH is expected to contribute an additional 140 billion VND, raising its total investment in this subsidiary to 245 billion VND (maintaining its 70% ownership stake).

Plan for Additional Capital Contribution to HVC Hoa Binh

Source: HVH

The capital increase will enable HVC Hoa Binh to fund its Euro Villas project—a garden villa complex combined with eco-tourism and forestry in Nuoc Hang Village, Mong Hoa Commune, Hoa Binh City, Hoa Binh Province (new administrative address: Nuoc Hang Village, Ky Son Ward, Phu Tho Province). The capital contribution is expected to be completed by June 30, 2026.

The Euro Villas project spans 28.74 hectares and will offer 263 long-term ownership villas. As of December 31, 2024, the project has completed key legal procedures, including 1/500 detailed planning approval, investment policy approval, investor selection via tender, and investor confirmation. It is now in the land clearance phase, progressing toward land allocation and groundbreaking.

Euro Villas Project Rendering. Image: HVH

Returning to HVH, the company will raise 140 billion VND through a combination of self-funded capital (40 billion VND) and proceeds from a private placement of 100 billion VND in shares.

As approved at the 2025 Annual General Meeting, HVH plans to issue 20 million shares at 10,000 VND per share to professional securities investors. The offering is scheduled for the second half of 2025, with a one-year transfer restriction on the newly issued shares.

The August 22 Board Resolution revealed that four investors—Ms. Tran Hai Van, Mr. Tran Duc Trung, Ms. Nguyen My Dung, and Mr. Nguyen Dinh An—have committed to purchasing the entire 20 million shares. None of these individuals are related to HVH‘s leadership or hold any prior shares in the company.

With approximately 200 billion VND expected from the offering, HVH will allocate 100 billion VND to repay bank loans and supplier/partner debts, and the remaining 100 billion VND to increase its stake in HVC Hoa Binh.

Ha Le

– 09:13 29/09/2025

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