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VNH, DXG transfer land-use right, assets, project

Viet Nhat Seafood Corporation (VNH) and Dat Xanh Real Estate Service & Construction Corporation (DXG) have recently announced transferring of land-use right, assets, and project.

Accordingly, VNH has finished transferring of land use right, assets and equipment at C34/1 2G Road in Vinh Loc Industrial Zone in Binh Chanh District in Ho Chi Minh City to Saigon Trading Group (SATRA) for a total value of VND55.6 billion and will collect the sum of money by December 31, 2013 which will be recorded in its financial statement for last quarter of 2013.

DXG signed a contract to transfer Tan Vu Minh project at a price of VND70 billion, profiting VND40 billion. The company will record this sum of money in its financial statement for last quarter of 2013. In the first nine months, DXG revenue was at VND220 billion and profit was VND52 billion, achieving 50 percent and 75 percent of this year’s target plan, respectively.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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