A real estate company in Ho Chi Minh City was forced to pay nearly 100 billion VND in taxes.

Thu Duc Housing Development Joint Stock Company has just announced that it has received decisions from the Ho Chi Minh City Tax Department on the enforcement of administrative decisions on tax management.

Thu Duc Housing Development Joint Stock Company was forced to pay nearly 92 billion VND in taxes, but its bank account still has more than 66 billion VND - Photo: QUANG DINH

Specifically, Thu Duc Housing Development Joint Stock Company (TDH) has just sent a report to the Securities Commission on the decisions of the Ho Chi Minh City Tax Department to enforce administrative decisions on tax management, by withdrawing money from the company's account.

The amount of money to be enforced, according to TDH, is up to more than 91 billion VND. In the document sent to the management agency, TDH did not mention the reason for the enforcement.

According to the financial report, TDH only has more than 66 billion VND in bank accounts and more than 1.75 billion VND in cash as of September 30, 2024.

TDH stock price also reacted quite negatively today after the developments regarding the decision to enforce tax, when it fell almost to the floor (-6.54%). While before that, this stock experienced many consecutive ceiling price sessions, since December 19.

After a series of "vertical" increases, TDH's market price increased nearly 27% after one month, from VND 2,100 to VND 3,300 per share.

In the HoSE explanation document when the stock increased to the limit for 5 consecutive sessions, TDH said that the stock trading price is directly affected and controlled by market supply and demand, investor psychology as well as the impact of macro management policies related to the business sector in which the company is operating.

"TDH is still operating normally according to the plan set out by the 2024 shareholders' meeting. At the same time, the company is focusing on perfecting its senior personnel, along with researching and expanding business operations to optimize profits and bring the highest benefits to shareholders," the company's leader affirmed.

However, it is quite coincidental that TDH shares increased sharply after the chairman of the board of directors, Nguyen Quang Nghia, divested almost all of his capital. Specifically, he just sold nearly 20.7 million TDH shares and is no longer a major shareholder of this real estate company.

Source: https://tuoitre.vn/mot-cong-ty-bat-dong-san-o-tp-hcm-bi-cuong-che-thue-gan-100-ti-dong-20241231204017948.htm