According to information announced, the withdrawal of 22% of contributed capital and debt recovery at Viet Thien Lam Investment JSC brought to DIC Group 407 billion at the end of Dec 2018.
The successful divestment at Viet Thien Lam Investment JSC is in the process of corporate restructuring of DIC Group in the period of 2016 - 2020. At the Annual General Meeting of Shareholders in 2018, the restructuring of associated companies are defined as the key content of the year, in order to ensure effective financial investment.
Mr. Nguyen Quang Tin, Director of Finance - Accounting Department affirmed: "VND 407 billion collected from Viet Thien Lam Investment JSC boosted the revenue of DIC Group in the fourth quarter of 2018. At the same time, creating a large cash fund and a solid premise to realize investment strategy in key real estate projects in 2019 ”.
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