Woomi Construction (Korea) becomes Tracodi's Major Shareholder

Woomi Construction has purchased 1.72 million shares of Tracodi (TCD) on 05/16/2018, representing 5% of total TCD shares, and has officially become a major shareholder of the company.

"TRACODI" brand has been well-known in construction industry since 1993. With main activities focusing on traffic, industrial, civil and irrigation works, TCD has carried out many construction projects with high-quality standards and techniques such as bridges, roads, ports, airports, factories. In 2017, the BOT 830 project has been executed successfully. This is an important milestone for TCD which shows strong recovery of the company in this field.

During the period of 2018 - 2020, TCD strategically focuses on core businesses including trading, quarrying, infrastructure construction, and real estate. In particular, TCD will mainly focus on infrastructure and real estate projects including building social houses in Long An Province, Malibu Villas in Quang Nam Province, Thao Dien Residential in District 2 and infrastructure construction for renewable energy projects owned by its parent company, Bamboo Capital Group (BCG).

After extensive due diligence, Woomi Construction highly values TCD’s potentials with its construction projects, and appreciates the similar vision shared by both companies. Woomi Construction has then decided to invest directly in TCD and play the role of a strategic shareholder. Up to date, Woomi Construction has become the fourth major shareholder of TCD, followed by Intact Management (Taiwan), Bao Viet Securities Joint Stock Company, and BCG.

Gwanggyo Woomi NewV Brickston by Woomi Construction - Honoree of the 1st at knowledge industry center by Korea Economic Daily. It has 99,994㎡ Gross Floor Area and consist of 538 knowledge industry centers, 39 offices and retails. Especially retail area is designed after the motif at Brixton, the southern city of London England.

According to plan, Woomi Construction will support TCD as a technical consultant and mainly be in charge of technology transfer, with the intention to help TCD become one of the leading construction companies in Vietnam. In return, this is also a great opportunity for Woomi Construction to officially step in Vietnam construction market and further enhance the company’s international expansion.

 

 

 


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