DUFAGO (CODE: PDB) SUCCESSFULLY RECONSTRUCTING INTO DIN CAPITAL

14/05/20202KViews

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DUFAGO (CODE: PDB) SUCCESSFULLY RECONSTRUCTING INTO DIN CAPITAL

May 14, 2020

DUFAGO (CODE: PDB) SUCCESSFULLY RECONSTRUCTING INTO DIN CAPITAL (CODE: PDB), EXPANDING TO THE FIELD OF COMMERCIAL HOUSING, URBAN AREA FOR EXPLOITATION OF CORE STRENGTH

According to Cafefe Cafef: https://cafef.vn/din-capital-pdb-duoc-tai-cau-truc-thanh-cong-tu-cong-ty-cp-dufago

DUFAGO (CODE: PDB) SUCCESSFULLY RECONSTRUCTING INTO DIN CAPITAL (CODE: PDB)

On April 29, 2021, the General Meeting of Shareholders agreed to approve the 10-year 2021-2030 development goals and strategy. For the goal to 2030, DIN CAPITAL will become a prestigious investment company with international standards, with an attractive rate of return, sustainability and prestige on the Vietnamese stock market.

DIN CAPITAL is an investment group consisting of various subsidiaries of the industry: Building materials and pioneering real estate in Da Nang and the Central region of Vietnam. With the structure: DUFAGO – commercial concrete, ROFADI – building materials, DIN CAPITAL – commercial and urban real estate development.
DIN CAPITAL actively raises the international operating standard using IC (Investment Council), AB (advisory board) and BIG 4 audit plan.
DIN CAPITAL is a corporation of continuous learning and powerful digital transformation.

I. Opinions from foreign experts and investors - shareholders

*Mr. Takayuki Morii – General Director of ANH DAO ISLAND COMPANY LIMITED and COSMOS HOUSING JOINT STOCK COMPANY*

With experience in real estate development in Japanese and international markets, Mr. Morii believes that the potential for real estate development with the commercial housing and urban area market will be a potential development market in the future in Da Nang in particular and Vietnam in general.
GDP per capital in Da Nang is more than 4,000 (USD/person/year), he believes the actual figure should be twice this number.
In the Korean market, from 2018 to 2020, apartment prices have increased by 100%.
Mr. Morii highly appreciated DIN CAPITAL's 2021 – 2030 strategy and he emphasized that after that time DIN Capital will develop even better.

*Mr. Takahiko Nomoto – from Sun Frontier Investment Company Limited (project investor – Hiyori Garden Tower)*

As the representative of Sun Frontier Company, Mr. Nomoto fully believes in the integrity culture of the founder - Mr. LE TRUONG KY and the quality of DIN CAPITAL's work.

To quote Mr. Nomoto: “We are very fortunate to be the partner of DIN CAPITAL”.

*Mr. Hiroshi Takahashi – from RAYMOND Vietnam Architectural Design Co., Ltd (design consultant for Da Nang Mikazuki Japanese Resorts & Spa and Hiyori Garden Tower)*

Like Mr. Morii, Mr. Takahashi also shares the view that the commercial housing market (mid-end luxury apartments) will be an inevitable development trend in Da Nang market and Mr. Takahashi wishes to have many opportunities of cooperation with DIN CAPITAL.

II. Key results

DIN CAPITAL will focus on real estate development, concentrating on commercial housing and urban areas, which are highly appreciated by foreign experts and shareholders and suitable for the future development direction of Da Nang.

In 2021 – Complete the disbursement of investment in a housing development project in the center of Da Nang city.
In 2023 – Invest in a commercial housing project in Da Nang city and audited by BIG 4.
In 2025 - Equity reaching 1,000 billion VND - Profit after tax is 300 billion VND, stock price in the market reaching 50,000 VND/share.
In 2030 - Equity reaching 5,000 billion VND - Profit after tax is 1,500 billion VND, state tax is 350 billion VND, stock price in the market reaching 80,000 VND/share.