Vietnamese tycoons race to acquire Kim Lien hotel

Vietnamese tycoons race to acquire Kim Lien hotel 1
Vietnamese tycoons race to acquire Kim Lien hotel 1

December 15 is the last day to finalize the list of investors participating in the auction of 3.65 million shares, equivalent to 52.43% that the State Capital Investment Corporation (SCIC) plans to divest from the Company.

There is a race to buy Kim Lien hotel

The race to buy Kim Lien Hotel has been hot since SCIC announced it would divest capital from this company with a starting price per share of 30,600 VND.

Most recently, Bau Thuy’s Thaigroup also officially marked its name in the list of companies and individuals registering to buy shares of Kim Lien Tourism Company.

The main business lines are real estate, resorts, construction, and cement production.

Refrigeration Electrical Engineering Company (Stock Code: REE) of businessman Nguyen Thi Mai Thanh has also just announced that it will participate in this race.

Previously, a series of investors who were large companies and corporations across the country registered to buy back Kim Lien Hotel such as: Van Phu Invest, Hanoi Tourism Corporation, Postal Insurance Corporation

List of companies with charter capital of trillions of VND participating in the auction

Company name

Charter capital (billion VND

Hanoi Tourism Corporation


Hanoi Refrigeration Electrical Engineering Corporation




Central Construction Group


Phuc Loc Group


Cuong Thinh Thi Construction Investment Group


Truong Thinh Group


Hoang Thanh Investment and Development Company


Postal Insurance Corporation


According to statistics, there are currently nearly 20 institutional investors who are businesses and corporations from the country registering to buy shares in the auction.

This is just a registration form to participate in buying shares in the auction.

Previously, an investor born in 1992 – Mr. Vu The Cuong registered to buy all of the auctioned shares for the purpose of financial investment and business development.

Kim Lien Travel Company mainly operates in the field of restaurants and food services, short-term accommodation.

Kim Lien Hotel has a long history in Hanoi, and has a very prime location, located on a 3.5 hectare plot of land on Dao Duy Anh Street (Dong Da).

This is not land owned by Kim Lien Hotel but is a long-term leased land.


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