Danh Khoi Real Estate changes name, switches to both agriculture and healthcare

Danh Khoi Group has changed its name to NRC Group Joint Stock Company, shifting to multi-industry business, aiming to bring in revenue of VND959 billion this year and pre-tax profit of VND25 billion in 2025.

Mr. Le Thong Nhat - Chairman of Danh Khoi Board of Directors (2nd from left) discussed at the congress - Photo: NH

On the afternoon of June 24, Danh Khoi Group Joint Stock Company (stock code NRC) officially approved a resolution to change its name to NRC Group Joint Stock Company at the 2025 Annual General Meeting of Shareholders.

Sharing at the congress, this enterprise said that the name change demonstrates the commitment of the enterprise's leadership in positioning NRC to become a multi-industry enterprise.

In addition to its core business of real estate development, Danh Khoi aims to expand into new business areas including food, high-tech agriculture , pharmaceuticals, medical supplies and healthcare.

Mr. Le Thong Nhat - Chairman of Danh Khoi Board of Directors - said that from 2025 onwards, this enterprise will participate in 2 new fields: agriculture and healthcare after 3 years of research and building an ecosystem with partners.

Although the company believes this is a "ripe time" for it to enter the new sector, it is also cautious in estimating that revenue from this new sector will only account for 30% of the company's total revenue.

Mr. Nhat also confidently said that in the third and fourth quarters, revenue will arise from the new segment.

Regarding the core business that made Danh Khoi's name, real estate, Mr. Nhat said that in the second half of the year, the company will develop investment cooperation with 4 investors, implementing projects in Nha Trang, Binh Duong , Binh Dinh, and Binh Phuoc.

According to Mr. Nhat, these projects have completed legal procedures so they are expected to have good liquidity and can bring in revenue of about 600 - 650 billion VND.

Regarding this year's business target, the company aims for consolidated revenue of VND959 billion, bringing in pre-tax profit of VND25 billion. This is an ambitious target as in 2024, the company suffered a post-tax loss of VND137 billion.

According to Danh Khoi's representative, in the context of the real estate market continuing to be affected by many macro factors, the 2025 business target is a practical step, creating a premise for restructuring activities, restructuring resources and preparing for a period of sustainable acceleration.

Danh Khoi will issue more than 92.5 million shares to double its capital.

The congress approved the plan to cancel the plan to issue individual shares to increase charter capital in 2024, expected to mobilize 1,000 billion VND. The reason given by the company is that the economic context has many fluctuations, market conditions are not favorable for implementing the issuance.

Instead, the company has a new plan to offer more than 92.5 million shares to increase capital. The expected amount of money collected is more than 925 billion VND.

With the proceeds, this enterprise plans to spend more than VND337 billion to receive the transfer of 33.76 million shares at Vietnam Excellent Healthcare Investment Group Joint Stock Company, and VND300 billion to invest in apartments in the project in Nha Trang invested by VHR Investment Joint Stock Company.

The rest is to pay principal, interest on bonds, pay off debt and supplement working capital...

NGOC HIEN

Source: https://tuoitre.vn/bat-dong-san-danh-khoi-doi-ten-chuyen-sang-lam-nong-nghiep-va-y-te-2025062418500332.htm