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According to the Ho Chi Minh City Stock Exchange (HoSE), Nam Long Investment Corporation (Nam Long, Stock Code: NLG) has announced a resolution from its Board of Directors regarding the guarantee for a loan by Nam Long VCD (VCD) at Asia Commercial Bank (ACB).
Specifically, Nam Long’s Board of Directors approved the signing of an irrevocable and unconditional guarantee contract for VCD’s debt obligations at ACB. The guarantee covers: a maximum principal of 400 billion VND, interest within the term, overdue interest, fees, and other payable amounts as per the credit agreements between VCD and ACB.
The guarantee period extends until VCD and/or Nam Long fulfill all obligations to ACB under the credit agreement signed between VCD and ACB.
In another development, NLG recently announced Resolution No. 30a/2025/NQ/HĐQT/NLG, approving certain details related to the public offering of additional shares to existing shareholders and the use of the proceeds.
Specifically, the company plans to issue 100.12 million shares, equivalent to 26% of the current outstanding shares. The rights ratio is 100:26, meaning shareholders holding 100 shares will be entitled to purchase 26 new shares.
The issued shares will not be subject to transfer restrictions. The offering is expected to take place in 2025, following the State Securities Commission’s (SSC) issuance of the public offering registration certificate and the company’s compliance with legal disclosure requirements.
With an offering price of 25,000 VND per share, Nam Long is estimated to raise nearly 2,503 billion VND from this issuance.
Of this amount, NLG plans to allocate 1,597 billion VND for investment in projects directly owned by the company or its subsidiaries/joint ventures; nearly 266 billion VND for investment in the group’s core company; and 640 billion VND for repaying loans and other obligations.
Nam Long (NLG): Pioneering Sustainable Development and Visionary Integrated Urban Creation
With over 30 years of establishment and growth, Nam Long Group (HOSE:NLG) has consistently crafted living environments and value-driven products for the community, committing to sustainable development (ESG) while contributing to the national economy and aligning with Vietnam’s strategic development vision through the creation of integrated urban areas.
A Pioneer’s Mark: Forging Integrated Urban Landscapes
As a pioneering project in the journey of integrated urban development, Mizuki Park marks a significant milestone in the extensive collaboration between Nam Long and two century-old Japanese corporations. This venture showcases a visionary and well-planned approach to urban design, offering a quality and sustainable living environment.
The Real Estate Race: Unveiling Ho Chi Minh City’s Property Market Pace
With the end of 2025 in sight, Ho Chi Minh City’s real estate businesses have accelerated their efforts, showcasing their resilience and strength as they lay the foundation for growth in 2026. This dynamic phase in the property market cycle has seen these enterprises shift into a higher gear, indicating a robust momentum.
The New Urban Oasis: Introducing Trellia Cove, the Final Compound Enclave at Mizuki Park
On the morning of August 19, the Urban and Housing Development Division of Nam Long Investment Corporation (HOSE: NLG) inaugurated the Trellia Cove project – the final compound subdivision of the integrated Mizuki Park urban area located in the heart of South Saigon.
The Singaporean Tycoon’s $560 Million Real Estate Bonanza in Vietnam
The Vietnam portfolio includes the sale of a 22.6% stake in Saigon Center Phase 3 for SGD 98 million, a 42% stake in Palm City for SGD 141 million, a full exit of NLG for SGD 58 million, and a 30% stake in a Ho Chi Minh City project valued at SGD 25 million.
