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Business Alliance7347Mercuria Holdings Co.,Ltd.Financials (excluding banks)

Notice of Execution of a Joint Venture Agreement with Bcons of Vietnam and 東神開発株式会社 for a For-Sale Housing Development Project

A group company of Mercuria Holdings has entered into a joint venture agreement with Vietnam-based Bcons and 東神開発株式会社 to pursue 2 for-sale housing development projects in eastern Ho Chi Minh City and surrounding areas. Bcons will lead the development, 東神開発株式会社 will provide expertise in areas including product planning, and the Mercuria group will provide asset management functions including project management.

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59In focus
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Neutral
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Agreements reached under this partnership

Joint venture agreement
7347Mercuria Holdings Co.,Ltd.
Alliance partnerBcons Construction Investment Joint Stock Company / 東神開発株式会社
About the partner
Business DescriptionReal estate, services, logistics and education / Development, operation and management of commercial facilities and shopping centers; real estate development and leasing businesses through overseas subsidiaries
LocationHo Chi Minh City, Vietnam / Setagaya-ku, Tokyo
Agreements reached under this partnership
ItemDetails
Name of alliance partnerBcons Construction Investment Joint Stock Company, 東神開発株式会社
Alliance partner's business activitiesReal estate, services, logistics and education, Development, operation and management of commercial facilities and shopping centers; real estate development and leasing businesses through overseas subsidiaries
Alliance partner's locationHo Chi Minh City, Vietnam, Setagaya-ku, Tokyo
Type of allianceJoint venture agreement
Items this document does not state (19)
Alliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeDetails of the allianceNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionContract DateAlliance start dateShare Acquisition Date and Payment DateImpact on Business PerformanceChange in major shareholders

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Demand for for-sale housing based on underlying end-user needs is increasing in Ho Chi Minh City and surrounding areas, driven by ongoing urbanization, growth in the middle-income population and improvements to transportation infrastructure. The company also expects residential needs in eastern Ho Chi Minh City and surrounding areas to expand over the medium to long term, supported by plans including the extension of Metro Line 1.

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Notice of Execution of a Joint Venture Agreement with Bcons of Vietnam and 東神開発株式会社 for a For-Sale Housing Development Project | Mercuria Holdings Co.,Ltd. (7347) timely disclosure | Komori