Haxaco has decided to hold a shareholder consultation regarding the sale of a 6,282.6 m2 land plot in Binh Tan District, Ho Chi Minh City. The expected selling price is at least 180 million VND/m2, totaling no less than 1.13 trillion VND. This land, previously part of the N&T Tower project, was acquired by Haxaco in 2022 for approximately 470 billion VND to develop a mixed-use business project. In Q1 2025, Haxaco reported revenues of over 958.6 billion VND, down 7.6%, and a net profit of only 16.5 billion VND, down 48.1%. As of March 2025, Haxaco’s total assets reached over 2.65 trillion VND, with inventory accounting for 36.8% of total assets, while total liabilities were nearly 1.16 trillion VND, an increase of 26.5% year-to-date.
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