Hoa Binh Corp goes into strategic partnership with Chip Eng Seng Corporation Ltd (Singapore) and Citadel Equity Fund (USA)

During its 20-year history of development, Hoa Binh has made encouraging achievements and has become the first integrated contractor to get listed on the stock market. After lots of contracts with local and foreign partners concerning investment cooperation in real estate projects, Hoa Binh has just made a significant step forward in its development plan. That is Hoa Binh Corp has just signed an agreement of strategic partnership with Chip Eng Seng Shareholding Company (Singapore) and Citadel Investment Fund (USA) for the first time Hoa Binh stocks are offered for sale to the public

Chip Eng Seng Corporation Ltd is one of the leading construction and real estate groups in Singapore. It has developed successfully lots of large scale  property projects in Singapore and Australia, on its own or in cooperation with local as well as international partners such as Lehman Brothers Real Estate Co, Citadel Equity Fund Ltd., and Keppel Land.

 Citadel (USA) is one of the big fund managers in the world in the areas of finance and real estate which has an investment capital of US$ 14 billion. Citadel has made investment in Chip Eng Seng and contributed a great deal to the success of the latter.

Hoa Binh Corp has made great efforts in preparation for its strategic development steps.  After getting listed on the HCMC stock market, Hoa Binh has had opportunities to get in contact and to cooperate with big companies and groups, both local and foreign. It is thanks to these preparatory development steps, Hoa Binh has been able to get integrated into the development trends of strong enterprises: expanding and diversifying the market and investing in real estate business. The strategy of steady development and the timely seizure of opportunities are all based on the prestige of an enterprise which has steady development steps.

 Strategic cooperation with Citadel and Chip Eng Seng will not only bring about more development projects but also help the execution of these projects to proceed faster. Through this cooperation Hoa Binh has been able to assert that the achievements in its task of reaching the peaks do not simply mean becoming an excellent brand name in the construction business of Viet Nam. They also mean entering further into the markets of the world’s big investors.