Licogi 14 reports on capital utilization from 2018 public offering

Licogi 14 JSC has released a report on the utilization of capital from its public offering, which generated a total of VND 89,993,880,000. The offering involved 7,499,490 shares at VND 12,000 per share, completed between March 12 and April 6, 2018.

A significant portion of the capital, VND 60,000,000,000, was allocated to the Nam Minh Phuong Urban Area project, with VND 40,000,000,000 for site clearance costs. An additional VND 20,000,000,000, initially for ground leveling, was reallocated to site clearance following a resolution by the General Meeting of Shareholders on April 26, 2024. The LICOGI 14 PLAZA project received VND 20,000,000,000 for construction, which was completed by December 31, 2019, with a total cost of VND 27,779,000,000.

The company also invested VND 9,900,000,000 in machinery and equipment. This included an initial planned purchase of a 90m³/h concrete pump truck, later replaced with a 100% new imported Korean model costing VND 7,752,000,000, financed partly by a bank loan. As of October 15, 2025, VND 7,392,145,050 of the raised capital remains unspent.