VinaCapital becomes major shareholder in Nam Long Corp (NLG)

VinaCapital becomes major shareholder in Nam Long Corp (NLG)

This transaction took place on January 16, after a series of strategic purchases that have now raised VinaCapital's ownership stake in Nam Long above 5 per cent, qualifying them as a significant shareholder under regulatory guidelines.

Mizuki Park, a Japanese-inspired integrated urban area in HCM City, was developed by Nam Long. — Photo namlongvn.com

VinaCapital's Modern Economy Equity Fund has officially become a major shareholder in Nam Long Investment Corporation (NLG) following a recent acquisition of additional shares.

This transaction took place on January 16, after a series of strategic purchases that have now raised VinaCapital's ownership stake in Nam Long above 5 per cent, qualifying them as a significant shareholder under regulatory guidelines.

Before this transaction, VinaCapital held 1,855,250 shares of NLG, corresponding to 0.3824 per cent of the charter capital of Nam Long, which comprises a total of 485.1 million outstanding shares. 

In the latest round of trading, the fund acquired an additional 340,670 shares, bringing its total holdings to 2,195,920 shares, or 0.4527 per cent of the total charter capital.

When including related parties, VinaCapital's total holdings in Nam Long have surged to 24,558,518 shares, equating to 5.0626 per cent of the company's charter capital. This collective ownership officially classifies VinaCapital as a major shareholder of the publicly listed real estate firm.

The group of related investors includes several entities, both domestic and international, such as VinaCapital Equity Opportunity Fund, Asia Value Investment Limited, Vietnam Investment Property Holdings Limited, Vietnam Ventures Ltd., Preston Pacific Limited and VOF Investment Limited. 

Asia Value Investment Limited is the largest shareholder in this group, holding over 9.93 million shares, or 2.048 per cent of Nam Long's capital.

Nam Long has recorded a cumulative revenue of over VNĐ3.94 trillion (US$150 million) and a net profit of VNĐ354 billion for the first nine months of 2025, reaching 58 per cent of its revenue targets and 50 per cent of its profit goals for the year. 

The company's annual business plan, approved by the General Meeting of Shareholders, targets over VNĐ6.79 trillion in revenue and VNĐ701 billion in net profit.

As of September 30, 2025, Nam Long's total assets had decreased by nearly VNĐ2 trillion from the start of the year, amounting to nearly VNĐ28.4 trillion. 

This decline was primarily attributed to a 9 per cent reduction in short-term assets, which fell to over VNĐ24.96 trillion, largely due to a drop in cash and cash equivalents of over VNĐ2 trillion, to VNĐ3.26 trillion.

On the stock market, NLG closed Tuesday at VNĐ30,600 per share, up 1.66 per cent. 

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