Chairman of Hoa Sen Le Phuoc Vu: We are not short of money and will ‘build urban areas of 600-700 hectares, not small’

At the annual meeting, Hoa Sen Chairman Le Phuoc Vu stated that the company is not short of money and plans to buy back 30% of shares, equivalent to 186 million shares, to protect shareholders’ interests and respond to market fluctuations. Vu noted that HSG’s current share price is low, equal to book value, and the company will determine the timing of share buybacks based on market developments. Additionally, Hoa Sen is expanding into real estate with an investment plan of 5 trillion VND for a 600-700 hectare urban area in Long Thanh, strategically located near the airport and major roads. He emphasized that HSG will implement the project in a methodical and sustainable manner, rather than using opaque capital mobilization like many other companies.