AsemconnectVietnam - The Board of Directors of Nam Long Investment Joint Stock Company (NLG - HOSE) has just passed a resolution to organize a written shareholder consultation to approve the plan to offer shares to existing shareholders in 2025 and related issues under the authority of the General Meeting of Shareholders.

Details of the share offering plan have not been announced by Nam Long.
The last registration date to close the shareholder list is February 4, 2025, the deadline for submitting documents for consultation is no later than February 12, 2025 and the time for collecting shareholder consultation is in February 2025.
Nam Long is and is preparing to implement many large projects according to the integrated urban model. However, the company's equity is currently VND13.2 trillion, lower than Nha Khang Dien (KDH) at VND18.8 trillion and Dat Xanh (DXG) at VND15.6 trillion. Nam Long's debt-to-equity ratio is 1.25 times.
Sharing the project implementation plan, Mr. Lucas Loh - General Director of Nam Long said: "I feel the recovery of the real estate industry. In the past year, Nam Long has proactively promoted easy-to-sell products, low-rise products need more time for the market to absorb. In the fourth quarter alone, the Company recorded revenue from handing over Akari City phase 2, more than 1,400 apartments; opened for sale more than 200 products of the Nam Long Central Lake project".
Nam Long's General Director is confident in achieving the 2024 plan, expected to be about VND500 billion in net profit.
In 2025, Nam Long plans to open sales and record sales from projects such as Southgate (Waterpoint phase 1 - Long An), Izumi City (Dong Nai), Paragon Dai Phuoc (Dong Nai), Nam Long Central Lake (Can Tho) and the first products in Hai Phong.
With 20 years of experience in international markets similar and developing similarly to the current Vietnamese market, Mr. Lucas said: “The Vietnamese real estate market is entering a mature stage. In the new stage, along with the strong development of infrastructure from public investment sources such as metro, belt roads, highways, etc., moving from satellite cities to the center of Ho Chi Minh City will not take much time and the demand for buying houses will tend to shift to neighboring areas - where housing prices are within the payment range of the majority of people and the living environment is of better quality. This is the trend of all mega cities (large cities surrounded by satellite cities) around the world”.
N.Nga
Source: VITIC/Tinnhanhchungkhoan