Gia Phuoc Real Estate Business Investment Company Limited announced that it has will receive VND 349,650,000,000 in an equity round of funding from returning investor Khang Dien House Trading and Investment Joint Stock Company on February 28, 2022. Post closing, the charter capital of the company will increase from VND 250,000,000,000 to VND 599,400,000,000. The investor holds 99.9% stake in the company before the closing of the transaction.

The transaction has been approved by the board of directors of the investor.