The latest information from Tam Luc Company said that the legal representative of the company has changed from Ms. Dang Thi Dung to Mr. Liew Bing Fooi – Chairman of the Board of Directors of Gamuda Land. In July 2023, Malaysia’s leading real estate group, Gamuda Berhad, through its subsidiary Gamuda Land, completed a share purchase agreement to proceed with the acquisition of Tam Luc Real Estate Joint Stock Company at a price worth 315.8 million USD (equivalent to about 7,200 billion VND).
Under this agreement, Gamuda Land has acquired all 100% shares of Tam Luc Real Estate Joint Stock Company from the following individuals: Nguyen Hong Giang (owns 50%), Nguyen Van Viet (46%) and Dang Thi Dung (4%).
In the latest update, the legal representative of Tam Luc Company has been changed from Ms. Dang Thi Dung to Mr. Liew Bing Fooi. Mr. Liew Bing Fooi is currently the Chairman of the Board of Directors and the legal representative of Gamuda Land Joint Stock Company (HCMC).
In the update on charter capital on July 17, 2023, Tam Luc Company increased its capital from 900 billion VND to 3,900 billion VND. Before this adjustment, at a capital of 900 billion VND, Nguyen Minh Tam holds 45%, Mr. Le Van Luc holds 50% and Nguyen Minh Thong holds 5%.
Tam Luc Company is the investor of Tam Luc Housing Project, which stretches on an area of 3.7 hectares in Thu Duc City, Ho Chi Minh City. The project is expected to include 2,000 apartments and has full legal documents to start construction.
After this acquisition, Gamuda Land has set out a plan to turn the project into a high-rise complex project with a total development value of 1.1 billion USD (equivalent to nearly 24,000 billion VND), including: 1,968 exclusive apartments, 12 penthouses, 51 ground-floor shops and 21 shophouses spread across 6 towers, each 40-storey high. The project is designed to be completed and sold in about 5 years.
This project targets the high-end market segment, with prices ranging from US$4,000 to US$7,000/m2, depending on the location and quality of the towers.
At Gamuda Land (HCMC), on July 22, there was a change in the role of General Director when Mr. Liew Bing Fooi gave way to Mr. Andrew Chan Chee Sung (Malaysian nationality). However, Mr. Liew Bing Fooi still holds the position of Chairman of the Board of Directors. Both of them are also legal representatives of Gamuda Land.
Gamuda Land is the real estate development segment of Gamuda Berhad, a well-known construction group with more than half a century of history, large scale in Malaysia and Southeast Asia, focusing on large-scale transport infrastructure projects. tissue.
Starting in the Vietnamese market since 2007, Gamuda Land has made significant investments, buying large land banks in Hanoi and Ho Chi Minh City. Notably, Gamuda Land has invested nearly 8,600 billion VND for Gamuda City urban area in Hoang Mai district, Hanoi and 3,600 billion VND for Celadon City in Tan Phu district, HCMC. In addition, in Binh Duong, Gamuda Land participates in the Artisan Park project spread over an area of 5.6 hectares and in Thu Duc (HCM City), the Elysian project stretches on an area of 2.8 hectares.
