Investment Joint Stock Company Năm Bảy Bảy (Code: NBB, HoSE) on August 13 announced that it has completed the capital contribution transfer procedure at NBB Quang Ngai One Member Co., Ltd. to Investment Joint Stock Company SDP.
As of June 30, 2025, Năm Bảy Bảy had invested 85 billion VND in NBB Quang Ngai (with a provision of 23.14 billion VND), corresponding to 100% ownership.
Prior to the transfer, on July 16, Năm Bảy Bảy issued Resolution No. 63/NQ-HĐQT on signing a contract for capital support with NBB Quang Ngai with a maximum debt limit of 50 billion VND.
Rendering of an NBB project.
NBB Quang Ngai is a company that manages and operates the Tho Bac and Nui Mang stone mines in Quang Ngai Province, and undertakes construction and installation of projects in the province and other localities.
The Tho Bac mine has an area of 21.8 hectares and an annual capacity of 180,000 cubic meters, with an expected exploitation period from September 22, 2008, to September 22, 2024. The Nui Mang mine has an area of 4.4 hectares and an annual capacity of 5,300 cubic meters, with an expected exploitation period from December 2015 to December 2023. The mine is currently in the process of closing.
Regarding the transferee, Investment Joint Stock Company SDP was established in February 2024, with a registered business line of consulting, brokerage, and real estate auction.
The company has a charter capital of 20 billion VND, of which Mr. Nguyen Tan Thang contributes 50%, Mr. Tran Duc Dung contributes 20% and holds the position of Director and legal representative, and the remaining 10% is held by Mr. Luu Hai Duong.
In another development, Năm Bảy Bảy has been approved by shareholders through a written opinion on entrusting the Board of Directors to decide on legal work related to the NBB II high-rise apartment project.
Previously, Năm Bảy Bảy was approved by the People’s Committee of Ho Chi Minh City for the investment policy and investor selection for the NBB II high-rise residential area project under Decision No. 3108/QD-UBND dated June 21, 2025.
The NBB II high-rise residential area project has a scale of about 7.9 hectares, expected to build 5 18-storey apartment towers, with an investment capital of VND 4,136 billion. The Company has completed compensation work and is expected to complete the next investment procedures in the period of 2025 – 2026.
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