On the morning of March 6, 2025, the 1st Extraordinary General Meeting of Shareholders in 2025 of Kinh Bac City Development Holding Corporation (Securities Code: KBC) was held at the Corporation's headquarter in Que Vo Industrial Park - Bac Ninh province with the participation of 177 shareholders (including online and in person), representing 517,547,215 shares, accounting for 67.4237% of the total voting rights. Chairman of the Board of Directors – Mr. Dang Thanh Tam attended the General Meeting online and Mrs. Nguyen Thi Thu Huong - Member of the Board of Directors cum General Director was authorized to run the General Meeting.
On the morning of March 6, 2025, the 1st Extraordinary General Meeting of Shareholders in 2025 of Kinh Bac City Development Holding Corporation (Securities Code: KBC) was held at the Corporation's headquarter in Que Vo Industrial Park - Bac Ninh province with the participation of 177 shareholders (including online and in person), representing 517,547,215 shares, accounting for 67.4237% of the total voting rights. Chairman of the Board of Directors – Mr. Dang Thanh Tam attended the General Meeting online and Mrs. Nguyen Thi Thu Huong - Member of the Board of Directors cum General Director was authorized to run the General Meeting.
The Presidium of the General Meeting
It is expected that the leasing area in 2025 will reach more than 200 hectares
At the General Meeting of Shareholders, the Board of Directors represented that from the beginning of 2025, KBC's industrial parks have received positive signals about the legality of projects and investment attraction, in which, Nam Son - Hap Linh Industrial Park and Hung Yen Industrial Clusters have been signed memorandums of understanding and deposit agreements for large leasing area.
The Board of Directors expects that the total leasing area in 2025 can reach more than 200 hectares from Nam Son - Hap Linh Industrial Park, Tan Phu Trung Industrial Park, Hung Yen Industrial Clusters, Trang Due 3 Industrial Park while record revenue from social housing projects in Nenh Town and Trang Due Urban Area.
Trang Cat Urban Area Project has been proceeded land compensation and has been paid land use levy. Its Investor is investing in infrastructure and has obtained important legal documents. The project is expected to be put into business from 2025.
Loc Giang Industrial Park Project, Long An province with a scale of 466 hectares, has been proceeded land compensation for 110 hectares, and is continued investing in infrastructure, and may soon be put into business.
Notably, in January 2025, KBC was continuously approved new projects, including Trang Due 3 industrial park project (625.73 hectares) and Trang Cat Urban and Service Area project (584.91 hectares) in Hai Phong City; Kim Thanh 2 industrial park project (phase 1, 234.63 hectares) in Hai Duong province.
These are important decisions for the Corporation. These projects shall be accelerated infrastructure investment from the beginning of 2025 and are expected to bring outstanding business results to the Corporation in 2025 and for the following years.
Setting a goal for profit after tax in 2025 at VND 3,200 billion
Moreover, at the General Meeting of Shareholders, the Board of Directors submitted a business plan for 2025 with consolidated revenue of VND 10,000 billion and consolidated profit after tax of VND 3,200 billion, which are 3.6 times higher than the previous year’s revenue and nearly 7 times higher than the previous year's profit.
The General Director of KBC affirmed that KBC always welcomes The Eagles and will soon welcome an AI enterprise of about 40 hectares in Bac Ninh. The General Director of KBC revealed that Que Vo Industrial Park expanded 2 with a scale of about 150 hectares along the Ring Road 4. Although it could have been constructed as an urban area, it was chosen as an industrial park to attract The Eagles and is currently and urgently carrying out the remaining procedures.
Trang Due 3 Industrial Park has already had 200 hectares of land available for lease and is being carried out procedures to welcome investors. In addition, Thai Nguyen Industrial Park has already had many interested investors and two weeks ago, a corporation from China came to work and propose investment.
General Director Nguyen Thi Thu Huong said that although KBC decelerated a little in 2024, there will be a breakthrough this year and the following years.
In addition to Nam Son - Hap Linh Industrial Park with more than 30 hectares already leased, in Hung Yen, 30-40 hectares have been leased and some enterprises have researched to propose leasing a few tens of hectares. Thus, right in the first quarter of 2025, KBC has customers renting about 100/200 hectares of the plan.
Chairman Dang Thanh Tam affirmed: KBC is "timely and advantageous favour" when it has the support and trust of authorities at all levels as well as has a large land bank.
In terms of finance, KBC's equity is sufficient to meet the requirements for project implementations. KBC has invested a lot of its own capital to for site clearance compensation. Currently, there are many banks that want to accompany KBC and the company will consider choosing and signing credit contracts.
In 2025, KBC aims to quickly complete site clearance and technical infrastructure construction for the remaining industrial land areas to soon hand over to investors according to the committed agreements to record revenue.
The General Meeting was successfully organized and had with a high voting rate.