SCG Construction finalizes real estate and retail deals with related parties

On September 24, 2025, SCG Construction Group Joint Stock Company (SCG) disclosed a Board of Directors' resolution to enter into a significant addendum and a sales contract, effective immediately. The addendum, with Sunshine Homes (SSH), details SCG's involvement in completing various construction items for a residential project in Kim No, Dong Anh, Hanoi. These items include swimming pool technology, electromechanical systems adjustments, additional construction tasks, and landscaping, valued at VND 3,226,918,574, inclusive of VAT.

Separately, SCG will purchase mooncakes from Sunshine Mart for VND 175,800,000, inclusive of VAT and delivery. Both transactions involve related parties, with key SCG and SSH shareholders, including Mr. Do Van Truong and Mr. Do Anh Tuan, holding interconnected roles across the entities. Mr. Phan Ich Long, SCG's deputy general director, is also deputy general director of SSH. SCG’s general director is authorized to implement these resolutions, with pricing adjustments up to VND 1,000,000,000 for the sales contract.

Sunshine Mart is a subsidiary of Sunshine Group, which shares major shareholders and management with SCG. This comprehensive move solidifies SCG's strategic alliances within the Sunshine ecosystem across construction and retail sectors.