Bamboo Capital invested 400 billion dongs in a real estate venture

DNHN - Helios Village is a one-member limited liability corporation funded entirely by Bamboo Capital (VND 400 billion). The company's headquarters are in Dak Nong province's hamlet 7, Dak Ha commune, and Dak Glong district.

Helios Village One Member Limited Liability Company was recently established by Bamboo Capital Joint Stock Company (BCG/ HoSE).

The primary business is real estate, it also trades in tourist services, business entertainment services, sports, restaurants, and mobile services, among other things.

Bamboo Capital also accepted the nomination of Mr Le Nong as the company's representative to oversee the company's whole capital contribution at Helios Capital.

Bamboo Capital is said to be constructing the Helios Village project on a 19ha site in Ho Chi Minh City. Dak Nong Province, Gia Nghia. The project consists of 274 villas and 160 neighbouring townhouses, with a total investment of 1,450 billion VND.

Previously, in April, Bamboo Capital granted an additional capital contribution of VND 800 billion to BCG Enegy Joint Stock Firm, increasing the total amount of contributed capital in this company to 2,408 billion dongs; corresponding to 79.5 per cent of BCG Energy's charter capital.

In terms of business operations, Bamboo Capital generated VND 1,263 billion in revenue and VND 522 billion in after-tax profit in the first quarter of 2022, increasing 98 per cent and 221 per cent, respectively, over the same period. Bamboo Capital's total assets increased by 10% from the beginning of the year to VND 41,504 billion as of March 31, 2022, mainly to fixed asset growth.

Bamboo Capital expects net revenue of VND 7,250 billion in 2022, a 280 per cent growth over the implementation of 2021. Profit after tax would climb by 220 per cent to VND 2,200 billion.

PV