Tag: XTSC charter capital increase

A resort project, initially funded 6 years ago with a modest investment of 230 billion VND, witnessed an astonishing surge in capital just 3 short years later. This resulted in an over 11-fold increase, skyrocketing to nearly 2,600 billion VND. Despite a change in ownership to Truong My Lan and subsequent bank interventions, the project is now back on track. The developer, alongside key stakeholders, is aggressively seeking additional funding to resume operations amidst a recovering real estate market.

Amidst LHC's record-breaking second-quarter profits and near-completion of its annual plan within just six months, the move to increase ownership among the leader's family is a notable development.

"The Ministry of Construction has proposed a new regulation that would grant the Chairman of the People's Committee and the Head of the Police at the commune level the authority to impose fines for road traffic violations. The proposed fine amount is significant, reaching up to 60 million VND."