Regarding the issuance plan, NLG intends to offer over 100 million shares to existing shareholders at a ratio of 100:26 (for every 100 shares held, shareholders can purchase 26 new shares). If successful, the company could raise nearly VND 2,503 billion. The newly issued shares will not be subject to transfer restrictions.
As for capital allocation, NLG plans to allocate VND 1,597 billion for investments in projects directly or indirectly owned through subsidiaries or joint ventures; VND 640 billion for debt repayment and financial obligations; and the remaining VND 266 billion will be contributed to key companies within its ecosystem.
NLG‘s management believes this issuance will enable the company to expand its business and capitalize on opportunities during the real estate sector’s recovery cycle.
Furthermore, with the capital raised from this issuance, NLG announced that five companies within its ecosystem will increase their charter capital: Nam Long Land Investment LLC from VND 668.3 billion to over VND 785 billion; Nam Long Commercial Property LLC from VND 498.8 billion to nearly VND 648 billion; Southgate JSC (developer of Waterpoint Phase 1) from VND 1,950 billion to VND 2,088 billion; Nam Long VCD JSC (developer of Waterpoint Phase 2) from VND 2,388 billion to nearly VND 3,029 billion; and Kikyo Valora LLC from VND 583 billion to VND 778 billion.
Waterpoint project in Long An by NLG
|
Mirae Asset Securities (MAS) highlights that Waterpoint remains the primary driver of NLG‘s pre-sales, supported by the investment wave in Long An, which is attracting major players like Vinhomes (Green City) and Ecopark (Ecoretreat). Additionally, the project’s necessary legal procedures have been completed, paving the way for the commercialization of this high-value development.
MAS forecasts NLG‘s pre-sales value for 2025 at VND 7,191 billion, a 38.3% increase year-on-year. This figure represents 49% of the annual target, reflecting a cautious assumption about the launch timeline for new projects. Waterpoint and Can Tho, including subsequent phases, are expected to contribute approximately 69% of the total pre-sales value. The remainder depends on the implementation progress at Paragon and Izumi, two projects still awaiting legal procedure completion.
– 08:29 04/10/2025
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.
Unlocking Urban Living: Ramond Urbaniz Hải Phòng Redefines City Prosperity
In the southern reaches of Hai Phong, where mergers, investments, and infrastructure are reshaping the real estate landscape, a new gated urban development has emerged: Ramond Urbaniz Hai Phong.
Profit Explosion: Real Estate Firm on HoSE Projects 34x Surge in Q3 2025 Earnings
Hodeco’s remarkable Q3 2025 business performance was primarily driven by the successful share transfer of the Ocean Resort project in Rach Dua Ward, Vung Tau City.
