Flourishing M & A real estate project
Housing Law and Business Law Real Estate modifying effect created favorable conditions for acquisitions, mergers (M & A) in the market of real estate is conducted more favorable, thereby helping activities the last time was very exciting.
Constantly in recent times, the real estate market in the two major cities of Hanoi and HCMC. HCM witnessed many M & A, joint ventures, the link between the real estate business.
According to Lawyer Nguyen Thanh Ha, Chairman of the Company Law S & B Law, in the context of the market real estate is stable development, geographical balance so much, while land increasingly tight, then with the business estate the professional, financial resources, the preparation of the land to serve long-term development strategy is always a problem to be considered.
These include active names in the hunt for the last time such land Novaland, flourishing, Green Land, Him Lam, Khang Dien, Thu Duc House, Sacomreal, Vingroup, FLC, CEN Group …
In addition to the transfer of real estate business now, over time, the market also witnessed many non-core businesses “eyeing” real estate projects. For example, the General Meeting of Shareholders recent JSC Cotec Construction (CTD) has approved the plan established a new company, or perform M & A with companies or projects built property to open wide production activities.
Mr. Nguyen Ba Duong, Chairman and CEO of CTD said, in the future, the Company will develop diverse array of industries with the goal of building repeat contributed 50% of revenue and other segments contributing the other half .
Similarly, a construction brands also dominate over the real estate is JSC Licogi 13. At the extraordinary general meeting of shareholders took place in early May 1/2016, the General Assembly approved the issuance plan raise capital to invest in some real estate projects in Da Nang and Quang Nam.
Mr. Bui Dinh Son, Chairman Licogi 13 said the market real estate continued to prosper is critical for the Company to implement and promote the activities of M & A, finding the land has potential exploited to expand the field of real estate-oriented restructuring of the company since 2013.
In addition to the local firms, in the first 6 months of 2016, the market also witnessed many other M & A. Specifically, the Group BRG acquisition 70% stake in the project Sedona Suites Hanoi (Ho Tay) from Keppel Land Vietnam for $ 31.5 million, ThaiGroup through auction bought shares of the company Travel Kim Lien from the state capital Investment Corporation (SCIC) to power the gold mining area of 3.5 ha Kim Lien hotel (Dong Da); Hoa Sen Group invested 1,000 billion in the tourist area of spiritual, ecological dress Van Hoi (Yen Bai), JSC Group T & T acquisition corporation Vegetables, agricultural products (Vegetexco) with series land area in the whole country …
Assessment of the many businesses other industries jumped into real estate through M & A, the experts say, mainly because positive reviews of businesses on the real estate market, especially the change area pole of the legal framework, has created a favorable business environment for enterprises.