HAOTRUST Executive Chairman has a close relationship with Sunshine Group?

2023-08-24 03:00:00

On June 19, 2023, Sunshine Group (Sunshine Group) and HAOTRUST Investment Fund held a signing ceremony of strategic cooperation, with the scale of nearly 40 projects with the philosophy of “real estate with real value for end users”. Accordingly, Sunshine Group and HAOTRUST are committed to expanding investment in areas where the two sides have strengths, contributing to socio-economic promotion of Vietnam, Cambodia and Southeast Asia.

On the same day, in Phnom Penh, Kingdom of Cambodia took place the opening event – officially launched HAOTRUST . Investment Fund (HAOTRUST Capital Investments).

Previously, from January 3, 2023, HAOTRUST became the only investment fund in Cambodia that was officially licensed by the Trust Regulator to operate for all four types of trusts – a legal strength. special reason for HAOTRUST to realize its long-term strategic goals.

HAOTRUST Executive Chairman Do Anh Tuan emphasized the technology factor in the flat world and the digital era, and affirmed that HAOTRUST’s investment strategy always prioritizes social security as well as supporting operations. of businesses in Cambodia, Vietnam and the region.

On the role of an international investment fund, HAOTRUST is expected to implement development strategies to become a reputable investment fund with a solid foundation, the same scale and development strategy, responsibility with community…, thereby joining hands with the Government and localities to create and maintain sustainable development values.

Mr. Do Anh Tuan, Chairman of the Board of Directors of Sunshine Group Joint Stock Company. Photo: Internet.

In another development, Mr. Do Anh Tuan – The head of Sunshine Group has submitted his resignation as Deputy General Director of Kien Long Commercial Joint Stock Bank (Kienlongbank) from March 6, 2023, due to personal reasons. Previously, Mr. Do Anh Tuan was appointed as Deputy General Director of KienLongBank from September 2021.

It is known that Mr. Do Anh Tuan was born in 1975 in Thanh Hoa, graduated from University of Natural Sciences (Vietnam National University, Hanoi) majoring in information technology engineering. Mr. Tuan is known as the Chairman of the Board of Directors of Sunshine Group Joint Stock Company (Sunshine Group) and is the leader of many other businesses in the Sunshine ecosystem such as KSFinance, Sunshine Homes.

In 2016, Mr. Tuan decided to establish Sunshine Group Joint Stock Company with an initial charter capital of VND 300 billion. By the end of 2019, the charter capital of this group increased to VND 8,500 billion.

Sunshine Group operates under the model of a multi-industry corporation with many fields such as real estate, technology, construction, education, trade and services, healthcare and television. In particular, the real estate segment is the key field of the group.

Referring to Sunshine Group and the chain of projects stretching from North to South, Mr. Do Anh Tuan – the founder of the company. In which, two members of the ecosystem have been listed on the floor, including Sunshine Homes Development Joint Stock Company (UPCoM: SSH) and SCG Construction Group Joint Stock Company (HNX: SCG).

In June 2022, Mr. Tuan resigned as Chairman of SCG Construction Joint Stock Company. In his resignation letter, Mr. Tuan said that due to a change in work plan, “it is not possible to arrange time to take on the job as Chairman of the Board of Directors of SCG”. As a member unit of Sunshine Group, SCG is the construction unit of a series of large projects of this group, such as Sunshine City Saigon, Sunshine Diamond River, Sunshine Crystal River, etc.

In the real estate market, Sunshine Group is one of the leading brands. Among the outstanding projects in Hanoi bearing the Sunshine brand are: Sunshine Center (16 Pham Hung) with a total investment of 1,600 billion VND; Sunshine Riverside (Tay Ho district) has a total investment capital of 2,500 billion VND; Sunshine Garden (Hai Ba Trung district) has a total investment capital of up to 3,000 billion VND; Sunshine City, a project located inside Ciputra Hanoi Urban Area, has a total investment of up to 5,000 billion VND.

In addition, on the website of this corporation, a number of other large-scale projects are introduced, including: Sunshine Crystal River, Sunshine Sky Park, Sunshine Green City.

In November 2018, Sunshine Group announced the Sunshine City Saigon project (District 7, Ho Chi Minh City) with an investment of 10,000 billion VND. A year later, Mr. Tuan continued to launch projects Sunshine Diamond River (Dao Tri Street, District 7), Sunshine Venicia (Thu Thiem District 2), Sunshine Continental (District 10) and Sunshine Horizon (District 4).

According to the financial statement for the first 6 months of 2023, Sunshine Group Joint Stock Company recorded a profit after tax of VND 100.2 billion, up 72% over the same period last year. At the end of the second quarter of 2023, the enterprise has 16,426 billion dong of equity, almost flat compared to the beginning of the year. Corporate liabilities as of June 30, 2023 recorded a decrease to VND 26,955 billion, while at the beginning of the year, it was recorded at VND 32,813 billion.

As of June 30, 2023, the equity of Sunshine Group reached VND 16,426 billion, total assets of the company reached VND 43,426 billion.

According to information from the HNX, Sunshine Group currently has two outstanding bonds, namely SSGCH2126003 and SSGCH2127004 with a total value of 3,000 billion dong. Both lots of bonds have an interest rate for the first period at 11%/year, and the following periods are at a floating interest rate.

As of August 11, Mr. Do Anh Tuan is in the top 10 richest people on Vietnam stock exchange with assets worth 23,332 billion VND, calculated on holding stocks including SSH, KLB, KSF. SCG.

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