Preparing for the merger of Sunshine Homes, Sunshine Group is about to become a billion-dollar real estate company valued at 59 trillion VND

The State Securities Commission has issued a Certificate of Share Registration to Sunshine Group (stock code: KSF), allowing the issuance of 600 million shares with a total value of 6 trillion VND. These shares are to be exchanged for the entire stock of SSH from Sunshine Homes, with an exchange ratio of 1:1.6. Sunshine Homes is expected to merge into Sunshine Group as part of a restructuring effort to optimize management and strengthen market position. After the exchange, Sunshine Group’s charter capital will increase to 9 trillion VND, with a market capitalization of approximately 59 trillion VND (~2.3 billion USD). In 2025, Sunshine Group aims for revenue of 50-60 trillion VND and profits over 10 trillion VND, driven by significant land and project expansion through aggressive M&A.