As a result, CII Invest’s ownership stake in NBB increased from 36.62% to 46.64%, equivalent to over 46.7 million shares. Based on the closing price on May 12, the transaction value is estimated at nearly VND 235 billion.
After this transaction by CII Invest, the total ownership ratio of this unit, together with its parent company, Ho Chi Minh City Infrastructure Investment Joint Stock Company (HOSE: CII), and related party, Nguyen Quynh Huong, increased from 63.07% to 73.09%, equivalent to over 73 million shares.
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Ownership ratio of the CII group of shareholders in NBB at the end of the May 12, 2025 trading session
Source: CII Invest
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Prior to receiving the transfer from My Steel, CII Invest had purchased nearly 37 million NBB shares (36.62%) through a negotiated deal with its parent company, CII, between December 18, 2024, and April 23, 2025.
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Process of CII Invest accumulating NBB shares from December 2024 up to now
Compiled by the author
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The move by CII Invest to accumulate shares took place against the backdrop of the NBB Board of Directors’ approval on March 17 to accept cooperation from CII Invest for an investment project with a value of VND 650 billion. According to the consolidated financial statements for the first quarter of 2025, as of March 31, 2025, the above amount of VND 650 billion was accounted for by NBB as short-term loans for cooperation in the Son Tinh project (Quang Ngai province), with an interest rate of 12% per annum and maturity date of March 17, 2026.
In addition, CII Invest also provided NBB with long-term loans amounting to VND 940 billion to recapitalize its investments in assets and real estate projects that NBB is currently developing. The loan has an interest rate of 9.6% per annum and a term of 60 months.
– 10:25, May 13, 2025
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