The comprehensive strategic cooperation signing ceremony between Cen Land and I.P.A will be held at 16:00 on December 9, 2021 at Fastee Club, Level 3, 54 Le Van Luong, Hanoi.

From December 3 to December 15, 2021, I.P.A Investment Group Joint Stock Company registered to buy 22 million CRE shares, equivalent to 10% of CRE's capital. The total transaction value is from 700 to 750 billion VND, depending on the market value at the time of transaction. Prior to that, I.P.A does not own any CRE shares.

I.P.A Investments Group Joint Stock Company (I.P.A) is an investment company mainly engaged in fields of finance and real estate. The company’s main activities include financial services, real estate projects, energy trading, and investment activities. In 2016, IPA was officially traded on UPCOM exchange at the Hanoi Stock Exchange. IPA’s operation in financial services is undertaken by two member companies: VNDirect, a securities company, and I.P.A Securities Investment Fund Management Company Limited (IPAAM).

On the stock market, the share price of CRE (on December 3rd) was at 36,000 VND/share. With about 22 million shares, I.P.A can invest over 700 billion VND.

Contrary to the downward trend on the stock market, CRE has continuously increased in recent sessions from about 30,000 VND/share.

I.P.A’s investment of more than 700 billion VND in CRE has an important meaning in the business activities of both parties. This is a solid foundation for the strong cooperation in the real estate sector. CRE has been attracting great attention from investors and shareholders. With the plan to maintain high growth, CRE is aiming to become a blue-chip in 2022 with a market capitalization of tens of thousands of billion VND.

Thanks to this investment, Cen Land has more stable financial resources to operate its business for faster and more sustainable development.

After 10 months, Cen Land gains about 5,008 billion VN (estimated) in net revenue and 363 billion VND in profit after tax, completing 100% of the revenue plan and 89% of the 2021 profit plan.

Louis City Hoang Mai – one of the projects with outstanding business results of Cen Land in 2021.

Summarizing the first nine months of the year, Cen Land has sold to the market 6,520 products, equivalent to the transaction value of 33,269 billion VND. Revenue from brokerage grew 46% yoy to 1,102 billion VND even though two branches in Hanoi and Ho Chi Minh City were closed due to the social distancing. The secondary investment recorded a revenue of 3,371 billion VND, up 533% over the same period in 2020. In which, Hinode Royal Park and Louis City Hoang Mai contributed mainly to Cen Land's nine-month revenue.

According to a representative of Cen Land, when the pandemic is under control, transaction activities are active again, and many new investment opportunities will be opened. This helps Cen Land maintain its high growth in 2022.

Cen Land is the top player in the brokerage market share for many years.

As the leader in the brokerage market share in the North, Cen Land owns many important "weapons" such as Cyber ​​Agent - The large-scale community of individual real estate agents and Cenhomes.vn proptech platform.

In addition, Cen Land has a large direct sales team from North to South with about 20 transaction offices and over 5,000 realtors. Cen Land expands its sales network by signing cooperation agreements with thousands of connected agencies.

Cen Land has powerful sales force throughout Vietnam: Cen Hanoi branch, Cen Ho Chi Minh branch, Cen Vinh Phuc, Cen Bac Ninh, Cen Quang Ninh, Cen Dong Bac, Cen Hai Phong, Cen Hung Yen, Cen Thanh Hoa, Cen Nghe An, Cen Mien Trung, Cen Binh Dinh, Cen Khanh Hoa, and Cen Binh Thuan.

Recently, Cen Land has announced the schedule of the extraordinary general meeting of shareholders in January 2022 to approve the plan to increase charter capital to 4,600 billion VND.