KBC

In the afternoon of December 13, 2016, Kinh Bac City Development Holding Corporation (KBC) will occur the meeting and seminar among Mr. Dang Thanh Tam – Chairman of KBC with Board of Directors, the major shareholders of KBC, investors and stock companies etc. KBC will sumarize about a year of its successful business in the meeting. Simultaneously, KBC also would like to take advantage of listening ideas and opinions, contributions and consulting from shareholders and investors, stock companies for KBC not only to improve the business goals but help KBC stock price reach the real evaluation to ensure long-term rights of shareholders.

Recently, KBC has received lots of positive news about business in its IPs such as Trang Due industrial zone which is assigned by Hai Phong City  to act as an investor for project of nearly 700ha industrial park and urban area - phase 3; signed many contracts in Trang Due IP. The total licensed investment capital in Trang Due IP in 2016 was 2.5 billion US dollars, accounting for 13.8% of total foreign investment capital into Vietnam (as the Ministry of planning and investment, the total foreign investment capital is USD 18.103 billion from early year to November 2016); Trang Due IP is honor to be awarded the leading Excellent Emulation Flag by the Government; Quang Chau Industrial Park - Bac Giang province continuously signed big contracts such as JA Solar which invested  1 billion USD in 88 hectares of land, Luxshare project which is one of the largest satellite of Apple Corporation - leased 14ha of land with an investment of hundreds of million US dollars. Besides,  there is one more investor who has demand for 58ha of land expected to invest immediately in 2017... With the excellent results of this special year 2016, Bac Giang province has asked the Government  for the reward for Quang Chau IP with the leading excellent emulation flag by the Government. Looking ahead, A Group specializes in manufacturing aircraft engines in Korea will be expected to lease 10ha of land and invest USD 300 million in Quang Chau Industrial Park for the place to build its plant...

In November, 2016, Chairman of the Board Mr. Dang Thanh Tam attended the Asia-Pacific Economic Cooperation Summit 2016 (APEC) in the Lima capital of Peru. The summit has been participated by senior leaders from 21 APEC member economies.

Mr. Dang Thanh Tam in direct talk with Prime Minister of Australia, Mr. Malcolm Turnbull

Mr. Dang Thanh Tam in direct talk with Prime Minister of Australia, Mr. Malcolm Turnbull, President of Chile, Vice President of Thailand and Chief Executive of Hong Kong, CY Leung

Also in the program of the Conference, Mr. Dang Thanh Tam was involved direct talks with Australian Prime Minister, Mr. Malcolm Turnbull, President of Chile, Deputy Prime Minister of Thailand and Chief Executive of Hong Kong, CY Leung. This trip of Chairman Dang Thanh Tam was very successful and brought to KBC with many opportunities of investment cooperation with major partners.

Looking the results of 2017 and the next years, people are paid attention to TPP. TPP is the largest. TPP is a huge motivation and very good for Vietnam's economic development. Although, the US government is considering participating in this agreement in the past few months have been somewhat negative impact on Vietnam,  this does not necessarily have the negative impact on the business activities of KBC. In fact, there are a lot of investors meeting and signing the contracts with KBC for the last time. This does not depend on the successful TPP negotiations. The main reason is if US delays to join in the TPP, US will also implement policies to raise taxes imposed on goods imported from China to United States to 45% (2.5% commonly), so many Chinese investors and investors intending to invest in China has diverted investment into Vietnam. Thus, in 2017, KBC will still welcome investment flows with very positive direction.

In addition, KBC also makes plans to discuss and receive the ideas of major shareholders and investors, securities companies, fund management companies for KBC’s consideration of the possibility of buying treasury stock to reduce the number of floating stocks since KBC currently is under less pressure on cash flow along with profit and surplus sufficient to implement this plan.

An important point in the operation of KBC in the following years is to expand building workshops for lease with expected capital as long-term loans with low interest rates of international credit institutions, which is both transparent for KBC and ensure increasing the capacity and international standards for administration of Company.

With the above activity orientation, KBC believes in building its position, and strengthening trust with shareholders, partners and investors.