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Vinhomes and its subsidiaries bought the remaining 51.33% of Ca Tam’s shares for VND198 billion (US$8.4 million) in May to increase their ownership to 100%, according to their audited half-yearly financial statements.
Ca Tam developed the 15-hectare Cam Ranh Bay Cottages project on the Cam Ranh peninsula.
Vinhomes had bought more than 48% of the company’s shares in early 2022.
Ca Tam was established in 2014 as a tourism company, but in 2016 changed its main business to real estate.
