AsemconnectVietnam - Chuong Duong Joint Stock Company (CDC - HOSE) has approved the plan to acquire 49% of the capital in Trieu Duong Trading, Investment and Development Joint Stock Company.

Chuong Duong plans to spend VND294 billion to acquire 49% of the capital in Trieu Duong and will be the largest shareholder in the company after the transaction. The official transfer price will not exceed VND294 billion and will be determined based on the results of an independent valuation.
At the same time, Chuong Duong will authorize Mr. Nguyen Ngoc Ben, Chairman of the Board of Directors, and Mr. Van Minh Hoang, General Director, to represent the company in the capital acquisition process.
According to the company's introduction, Trieu Duong Trading, Investment and Development Joint Stock Company has a charter capital of VND600 billion; its address is at 523 Pham Van Hong Street, Binh Loi Trung Ward, Ho Chi Minh City; and its legal representative is Nguyen Khanh Hoang. and operates in the real estate sector.
Regarding business operations, in Q2/2026, Chuong Duong recorded revenue of VND473.09 billion, an increase of 106.1% compared to the same period; after-tax profit reached VND15.89 billion, an increase of 678.9% compared to the same period last year. The gross profit margin improved from 6.1% to 7.2%.
For the first half of 2026, Chuong Duong recorded revenue of VND690.02 billion, an increase of 37.6% compared to the same period; after-tax profit reached VND16.79 billion, an increase of 269.8% compared to the same period.
In 2026, Chuong Duong plans to achieve projected revenue of VND2,198.39 billion; and projected pre-tax profit of VND77.58 billion.
Thus, ending the first half of 2026 with pre-tax profit reaching VND20.97 billion, Chuong Duong only completed 27% of its annual plan.
Source: VITIC/Bao Tai chinh – Dau tu