Thanh Dong Real Estate Investment Joint Stock Company has just been fined 400 million VND by the People’s Committee of Hai Duong province due to land-related violations. The enterprise was established in 2004, with charter capital of nearly 930 billion VND. Notably, Thanh Dong Real Estate is the enterprise that won a series of large projects in Hai Duong.
Thanh Dong Real Estate Investment Joint Stock Company was fined 400 million VND
Hai Duong Provincial People’s Committee Luu Van Van has just signed a Decision to sanction administrative violations against Thanh Dong Real Estate Investment Joint Stock Company located at floor 1- CT1, Me Tri Thuong Urban Area (Me Tri Ward, Nam Tu Liem district, Hanoi city).
Accordingly, Thanh Dong Real Estate Investment Joint Stock Company committed an administrative violation of occupying 8,783.0 square meters of non-agricultural land in the new urban area south of Hai Duong city, Lien Hong commune, Hai city. Duong, Hai Duong province.
Thanh Dong Real Estate Investment Joint Stock Company was administratively fined 400 million VND. Thanh Do Real Estate Photo
Specifically, Thanh Dong Real Estate Investment Joint Stock Company has used 8,783.0 square meters of land on the ground to invest in building Lien Hong Sports Center but has not completed land leasing procedures according to the provisions of law. .
For the above violation, Thanh Dong Real Estate Investment Joint Stock Company was administratively fined 400 million VND.
At the same time, the remedial measure is to force Thanh Dong Real Estate Investment Joint Stock Company to continue carrying out land leasing procedures according to regulations. The time limit for implementing remedial measures is 90 days from the date of receipt of this Decision.
Forced Thanh Dong Real Estate Investment Joint Stock Company to return illegal profits obtained from administrative violations in the amount of more than 930 million VND.
Won a series of large projects in Hai Duong
Thanh Dong Real Estate Investment Joint Stock Company (Thanh Dong Real Estate) was established on December 22, 2004, with address at CT1, Me Tri Thuong Urban Area, Me Tri Ward, Nam Tu Liem District, Hanoi City . The main industry is real estate business, land use rights belong to the owner, user or tenant.
On the website of Thanh Dong Real Estate, in 2004, the business changed its operating model from a Limited Company to become Thanh Dong Real Estate Investment Joint Stock Company.
After converting the model, the enterprise has many large projects in Hai Duong province. Specifically: In 2008, the People’s Committee of Hai Duong province assigned Thanh Dong Real Estate to be the investor of the Tue Tinh new urban area project (Hai Duong province). The project has a scale of 24.5 hectares and a total investment of 313 billion VND.
In 2012, the People’s Committee of Hai Duong province assigned it to be the investor of the new urban area project in the south of Hai Duong city. The project has a scale of 194 hectares with a total investment of more than 4,000 billion VND. Up to now, the project has been accepted and handed over for use in phase 1.
In 2019, the enterprise was the investor of the New Urban Area project in the East of Chi Linh city with a scale of 26.78 hectares and a total investment of over 2,000 billion VND. In 2020, Thanh Dong Real Estate was approved to invest in the Tue Tinh Hospital project.
Groundbreaking ceremony of social housing construction in the new urban area south of Hai Duong city by Thanh Dong Real Estate.
In 2023, Thanh Dong Real Estate started construction of social housing projects in the new urban area in the south of Hai Duong city. The project is implemented on an area of 1.9 hectares, with a total construction floor area of about 32,300 m2 to accommodate 336 apartments. According to Decision No. 207/QD-UBND dated February 10, 2023 of the People’s Committee of Hai Duong province on approving the policy of adjusting the social housing investment project in the new urban area in the south of Hai Duong city (division Zone 2), total project investment after adjustment is 424.3 billion VND; of which the investor’s equity accounts for 20% and other legal loans account for 80% of the total project investment.
On the business’s website, Thanh Dong Real Estate also said that the company was a pioneer in owning the first and only golf course in Hai Duong city, TD’s Golf, in Tue Tinh Urban Area.
In addition, the Company is also the owner of a number of projects such as a fitness and sports complex in Tue Tinh New Urban Area, Hai Duong province; Tue Tinh Kindergarten Project (Hai Duong)…
In addition to Hai Duong province, this enterprise also has a number of other large projects in Ninh Thuan province such as: Investor of the Northeast New Urban Area project – Phan Rang Thap Cham City, Ninh Thuan province, with an area of 60 hectares , total investment more than 800 billion VND; Binh Son Beach Tourism Urban Area project has an area of 25 hectares, total investment of more than 350 billion VND…
About capital and data Etime shows that, at the change on April 25, 2023, Thanh Dong Real Estate changed its charter capital from 659 billion VND, skyrocketing to 929 billion VND, the founding shareholder structure was not disclosed.
The legal representative and General Director of the Company is Mr. Nguyen Van Cuong (born 1972).