Nam Long Investment Corporation (NLG) achieved net revenues of VND1.221 trillion (US$52.5 million) in the fourth quarter of last year, a 50 per cent increase year-on-year, its financial report for the quarter shows.
Housing developer Nam Long Investment Corporation (HOSE: NLG) approved a plan at its general meeting held over the weekend to auction off as many as 40 million shares, equivalent to 21.2 per cent of its outstanding shares, to raise capital.
Nam Long Investment Corporation has sold a little over a 5 per cent
stake to Ibeworth Pte., Ltd, which is fully owned by giant Singaporean
developer Keppel Land Limited.
Real estate developer Nam Long Investment Corporation, as scheduled,
will be listed on the HCM City Stock Exchange on April 8 with the code
NLG. This will facilitate the liquidity of its 95.5 million shares,
especially in the context of a still-gloomy picture...