CTCP Investment Group ATS (Atesco) recently approved a plan to privately issue 36 million shares to 9 individual investors at a price of 10,000 VND per share, half of its current market value. Following this issuance, the group will hold 93.97% of ATS’s capital. The raised funds, totaling 360 billion VND, plan to buy 90% of CTCP Consulting – Trading – Real Estate Services Hoang Quan Binh Thuan. Among the shareholders, chairman Truong Anh Tuan intends to transfer 21 million shares. Founded in 2004, Hoang Quan Binh Thuan focuses on real estate and is involved in significant projects like the new urban area in Nam Phan Thiet and Ham Kiem 1 Industrial Park.
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