AsemconnectVietnam - MBG Group Joint Stock Company (code MBG) has just approved the transfer of 3.2 million shares of Quoc Bao Van Ninh Joint Stock Company, the investor of the Quoc Bao Van Ninh Amusement and Entertainment Area Project in Van Gia town, Van Ninh district, Khanh Hoa province.

The transfer price is 20,000 VND/share, corresponding to a total transfer value of VND64 billion .
MBG Group said that the capital source for implementation is entirely the Company's business capital. According to the third quarter 2023 financial report, MBG currently has cash and cash equivalents of VND62.5 billion, short-term loans of VND35 billion, and long-term loans are insignificant.
Quoc Bao Van Ninh Joint Stock Company was established in 2015 with a charter capital of VND100 billion and is currently the investor of the Quoc Bao Van Ninh Amusement and Entertainment Area Project with an area of 1 hectare in Van Gia town, Van Ninh district, Khanh Hoa province.
The project was approved for investment policy in 2016, the People's Committee of Khanh Hoa province leased land to implement the project, was granted a land ownership certificate and went into operation. This is one of the M&A activities for potential strategic real estate projects approved by the general meeting of shareholders.
N.Nga
Source: VITIC/Tinnhanhchungkhoan