Nam Long Revises Collateral Assets for VND 500 Billion Bond Issuance

Nam Long Investment Corporation (Stock Code: NLG, HoSE) has announced a resolution by its Board of Directors approving changes to the collateral assets for the NLGH2328001 bond issuance.

Accordingly, Nam Long has released the collateral for the NLGH2328001 bond series, which was previously real estate located at plot 7692, map sheet number 5, in An Thạnh commune, Ben Luc district, Long An province (now Ben Luc commune, Tay Ninh province), owned by Nam Long VCD Joint Stock Company.

Instead, Nam Long will use other assets as collateral for the aforementioned bond series, including nearly 27.9 million shares in Southgate Joint Stock Company, owned by Nam Long Investment Corporation (NLIC) and Nam Phat Land Investment LLC—a subsidiary of NLIC. The collateral’s value is estimated at over 830 billion VND as of Q3/2025.

According to HNX, the NLGH2328001 bond series consists of 5,000 bonds with a face value of 100 million VND each, totaling 500 billion VND. Issued on September 28, 2023, the bonds have a 5-year term and are set to mature on September 28, 2028.

In another development, Nam Long recently announced a resolution approving the acquisition of Thai Binh Investment Corporation’s capital contribution in Paragon Dai Phuoc LLC.

The total value of the transaction is expected to be 312 billion VND. Upon completion, Nam Long will hold a 58.9% stake in Paragon Dai Phuoc.

According to the Q3/2025 consolidated financial report, Paragon Dai Phuoc is currently a joint venture of Nam Long, with a 50.53% ownership and voting stake. As of September 30, 2025, Nam Long’s investment in Paragon Dai Phuoc exceeds 1,058 billion VND.

Paragon Dai Phuoc’s primary activity is the development of the Nam Long Dai Phuoc Urban Area, spanning 45 hectares on Dai Phuoc Island, Nhon Trach district, Dong Nai province (now Dai Phuoc commune, Dong Nai province).

Previously, Nam Long successfully distributed over 100 million shares in its offering that concluded on December 18, 2025, equivalent to 99.9% of the total registered shares (over 100.1 million shares).

Of the total distributed shares, more than 97.1 million were subscribed and paid for by existing shareholders and transferees of purchase rights from existing shareholders between October 27, 2025, and November 17, 2025.

Additionally, over 2.9 million shares were paid for between December 15, 2025, and December 18, 2025.

Following the offering, 97,500 unsold shares will be canceled in accordance with Nam Long’s Shareholders’ Meeting Resolution No. 01.

Upon completion of the issuance, Nam Long’s chartered capital will increase from nearly 3,851 billion VND to approximately 4,851 billion VND.

With an offering price of 25,000 VND per share, Nam Long is estimated to have raised nearly 2,500.6 billion VND from this share issuance.

According to the previously announced issuance plan, Nam Long will allocate approximately 640 billion VND to repay loans and financial obligations, 1,597 billion VND for investment in projects owned by Nam Long and its subsidiaries, and the remaining 265 billion VND to two key group companies: Nam Long Land Investment LLC and Nam Long Commercial Property LLC.