•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
GTD’s shareholders have approved a plan to relocate the Giay Thuong Dinh factory from 277 Nguyen Trai, Khương Đình, Hanoi to the Đồng Văn Industrial Park in Ninh Bình in early July 2026, alongside a major investment in a mixed-use complex at the former factory site.
Under the approved plan, the project totals nearly 9.907 trillion dong in investment. Funding will come from about 1.981 trillion dong of equity, representing 20% of total investment, while the remainder—about 7.925 trillion dong—will be raised through loans.
At the annual general meeting held on May 6, 2026, GTD shareholders approved relocating the 277 Nguyen Trai factory site and investing in a mixed-use complex on a 3.6-hectare site after relocation. The development is planned to include residential, office, services, and a senior-level school.
The land is located near the premium Vinhomes Galaxy complex at 233–235 Nguyen Trai, where apartments, offices, and a shopping center are also present.
CEO Nguyen Thanh Nhon said the company is preparing surveys, demarcation, legal filings, and meetings with relevant agencies, and is ready to proceed with the 277 Nguyen Trai site in 2026.
A key item approved at the AGM is a plan to collaborate with Vinaconex to develop the 277 Nguyen Trai project.
GTD shareholders approved Vinaconex’s acquisition of 2.235 million shares, equivalent to 24.03% of charter capital from existing shareholders without a public offer. An Quý Hung Holding currently holds about 24% of GTD. After the transaction, Vinaconex and related parties are expected to own about 48.03% of GTD’s charter capital.
In addition, GTD plans to privately place 216.5 million shares at 10,000 dong per share, approximately 23 times the current outstanding shares. If successful, GTD would raise about 2.165 trillion dong, of which 2.000 trillion dong would be used to invest in the 277 Nguyen Trai project. The remainder would be used for relocating the factory and boosting working capital.
The list of strategic investors participating in the issue includes Mr. Nguyen Xuan Hoang, An Quý Hung Holding, Yen Thuy Mining Investment, Long Hai Investment and Development Trading, and Vinaconex.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
