Investors show interest in FLC Group's projects
Investors show interest in FLC Group's projects
More than 2,000 investors participated in a seminar on the potential and investment opportunities in the FLC Group in Ha Noi yesterday.
Nearly 1,000 investors who attended the seminar registered to buy the group's properties.
"This is the third event with a large number of attendees that I have participated in over the last 15 years," said Tran Dac Sinh, chairman of the HCM City Stock Exchange (HOSE), at the seminar.
Sinh added that during the group's listing on HOSE, they followed all regulations on information announcement and management.
Trinh Van Quyet, FLC's chairman of the management board, added that the event aimed to help investors get more accurate information about its operations and projects.
"Investors will not only have opportunities to invest in its property projects, but also stocks," Quyet said.
He added that FLC posted an aggregate profit of VND400 billion (US$19 million) in 2014, registering a 15 per cent year-on-year increase.
This year, it plans to earn VND1 trillion ($46.9 million) in profits.
"Our projects have got committed loans of VND20 trillion ($938.9 million) till 2020 from banks. However, FLC has used its own capital," he said, adding that the group even had VND500 billion in bank deposits.
They will use bank loans this year, but for the short-term, to implement a range of projects.
Deputy General Director Dang Tat Thang said that they have implemented projects including the FLC Garden City with 1,100 apartments, 20 villas and 20 terrace houses, and FLC Complex 36 Pham Hung with 483 apartments. Both are in Ha Noi's South Tu Liem District.
In addition, the group will put on sale the Dinh Cong project in Hoang Mai District, which has 80 terraced houses and 200 apartments; 675 villas in FLC Samson Golf Links and Resort; and 155 terraced houses and 255 apartments in the FLC Complex Thanh Hoa.
