The listing can bring big benefits to real estate firms

Nguyen Huu Quang, deputy CEO of Netland Investment, said it plans to organize roadshows in late March in Hanoi and HCMC to introduce NRC shares to investors.

Netland is going to list 12 million NRC shares, worth VND120 billion, on the Hanoi Stock Exchange on April 5.

After four years of operation, Netland, which previously focused on connecting investors and brokers with modest charter capital of VND1.9 billion, is developing a series of housing and urban area projects in HCMC, Nha Trang, Phan Thiet, Dong Nai, Long An and Binh Duong. 

In August 2017, Netland acquired 95 percent of shares of Danh Khoi Real Estate JSC, one of the major real estate distribution company.

Netland’s Nguyen Huu Quang said to develop projects with the company’s land fund, Netland will seek capital from credit institutions, strategic partners, and clients and issue shares to raise charter capital.

Sanei Architecture Planning from Japan became Netland’s strategic partner in February, while investors from Hong Kong and Singapore are still under negotiations.

Before Netland, the Vietnam Securities Depository Center (VSD) granted SLD code to 40 million shares of Samland, a real estate subsidiary belonging to Sam Holdings.

The listing also aims to raise funds to implement large projects, including Samland Riverside, Samland Tan Van and Samland Nhon Trach, when the market conditions are favorable.

Hung Thinh Icons, a subsidiary of Hung Thinh Corp, is also considering listing shares to seek capital. Its extraordinary shareholders’ meeting last November approved the plan to list 25 million shares on HOSE.

Analysts said the listing can bring big benefits to real estate firms, and that now is the golden time for them to list as the stock market has been prospering. 

A senior executive of Hung Thinh Icons said listing is a good way to strengthen the brand and mobilize resources.

As for Samland, to implement the projects, it would need VND600-800 billion worth of capital in 2018-2019. Netland needs over VND1 trillion.

Quang from Netland said many foreign investors are seeking opportunities in the real estate market, targeting cooperation deals with Vietnamese companies which have good land fund, clear business strategy and transparent corporate governance. Therefore, listed companies are a good choice for them.

Thuduc House’s deputy CEO Nguyen Ngoc Truong Chinh also commented that the listing would bring more opportunities to Vietnamese companies to access strategic partners, because partners have confidence in listed companies that have to follow regulations on information exposure and transparency.

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