Nam Long Investment Corporation (stock code: NLG) has recently received approval from the State Securities Commission to offer shares to existing shareholders. This strategic financial move aims to bolster the company’s capital, enabling it to advance its projects and restructure debt amidst the evolving real estate market cycle.
Issuing 100 Million Shares to Existing Shareholders
Nam Long plans to issue an additional 100.1 million shares at a rights ratio of 100:26. These newly issued shares will be unrestricted for transfer.
Upon completion of the offering, Nam Long’s chartered capital is expected to rise to nearly VND 4,852 billion. The company anticipates raising approximately VND 2,503 billion from this issuance.
The capital will be allocated as follows: VND 1,597 billion for investments in projects directly or indirectly owned through subsidiaries and joint ventures; VND 640 billion for debt repayment and financial obligations; and the remaining VND 266 billion will be invested in core companies within its ecosystem.
The offering will be available to all existing shareholders and is projected to conclude by 2025. This capital increase comes at a time when the stock market is thriving, and the real estate sector is showing positive signs, including low-interest rates, regulatory easing, and sustained long-term housing demand in satellite cities around Ho Chi Minh City and the Southeast region.
Waterpoint and Izumi City are Nam Long’s flagship projects.
Anticipated Profit Surge in 2025
Following a challenging 2023–2024 period, Nam Long’s financial performance is showing signs of recovery. In 2024, consolidated revenue reached VND 7,196 billion, a 126% increase year-over-year, with post-tax profit for the parent company’s shareholders hitting VND 518 billion, surpassing annual targets. For the first half of 2025, Nam Long reported net revenue of VND 2,064 billion and post-tax profit of VND 207 billion, marking a fourfold and threefold increase, respectively, compared to the same period last year, driven by strong first-quarter results.
The outlook for 2025 is bolstered by deliveries from Waterpoint and Izumi City, two flagship projects expected to significantly contribute to revenue. Additionally, Akari City and Mizuki Park will continue to provide steady revenue streams.
Securities firms forecast Nam Long’s 2025 post-tax profit to double compared to 2024, ranging between VND 1,100–1,200 billion. This growth is fueled by three key factors: (1) Accumulated sales in 2024 exceeding VND 5,000 billion, representing unrecorded revenue that will shift to 2025; (2) Improved profit margins as projects enter the harvesting phase, reducing construction and sales expenses; and (3) Lower financial costs due to debt restructuring through equity issuance.
September’s Melancholy for HOSE Indexes
At the close of the final trading session in September 2025, the VN-Index stood at 1,661.7 points, the VNAllshare-Index at 1,804.72 points, and the VN30-Index at 1,863.13 points. These figures reflect declines of 1.2%, 1.5%, and 0.2%, respectively, compared to the end of August.
UBCKNN Approves Nam Long’s 100 Million Share Issuance
On September 30, 2025, the State Securities Commission (SSC) granted Nam Long Investment Corporation (HOSE: NLG) a certificate to offer over 100 million additional shares. The company plans to execute this issuance in Q4 2025.
Newly Established Real Estate Firm Specializing in Vinhomes Launches 10 Nationwide Offices
On October 2, 2025, SSM Group, a leading distributor of luxury real estate, will officially launch with the simultaneous opening of 10 offices in Vietnam’s major economic hubs: Hanoi, Hai Phong, Ho Chi Minh City, and Da Nang.
“From Street Vendor to Real Estate Titan: How a Former Roadside Seller in Binh Duong Aims to Build 40,000 Affordable Homes”
From humble beginnings with a small beverage stall, Mrs. Dang Thi Kim Oanh built Kim Oanh Group, now making a bold move into affordable housing, aiming to deliver 40,000 social housing units within the next five years.
Transparent Legal Apartments Reign Supreme as Ho Chi Minh City Faces Supply Shortage
Northeast Ho Chi Minh City’s real estate market is entering a new growth phase, fueled by significant infrastructure developments. Projects with transparent legal frameworks are highly sought after for their strong liquidity and ability to address pressing housing needs.
