In the annual shareholders meeting held on April 26, 2012, the management board of the Investment and Trading of Real Estate Joint Stock Co (coded ITC) has approved the 2012 targeted year plan with total after tax profit of 34.6 billion dong.
The company also revealed that it is considering the plan of using the company's land fund of 1-2 hectares sited in Nguyen Xien St, Dist 9, HCM City to build the accommodation place for low-income workers with offering price of 11-12 million dong per square metre.
At first, the company would concentrate on restructuring the investment portfolio, and set priority for conducting the projects such as Long Thoi-Nhon Duc residential quarter, Nha Be residential quarter and prepare for making investment in key, potential projects of 83 Ly Chinh Thang project. ITC has called for investment among the partners to make full use of capital source in the context of high lending rates and the trademarks of strategy partners. - Source: Vietbiz24
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