CII Subsidiary Holds Nearly 55% Stake in Nam Bay Bay

Following the acquisition of 4.49 million NBB shares from its parent company, CII, CII Invest now directly holds 55.03 million shares, representing a 54.95% stake in Nam Bay Bay's chartered capital.

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Ho Chi Minh City Infrastructure Investment Joint Stock Company (stock code: CII, HoSE) recently reported the sale of 4.49 million NBB shares of Nam Bay Bay Investment Corporation to CII Investment Trading LLC (CII Invest, a subsidiary of CII).

The transaction was executed via a negotiated deal on HoSE from November 19-21, 2025. Post-transaction, CII’s ownership decreased from 26.5 million NBB shares (26.43%) to 21.98 million shares (21.95%).

Conversely, CII Invest increased its holdings from 50.5 million shares (50.47%) to 55.03 million shares (54.95%).

Additionally, a related individual, Ms. Nguyen Quynh Huong, Deputy CEO of CII and a Board Member of NBB, holds 19,200 NBB shares, equivalent to 0.02%.

Collectively, the CII group holds over 77 million NBB shares, representing 76.92% of Nam Bay Bay’s charter capital.

In recent developments, Nam Bay Bay approved a maximum loan of VND 300 billion and the use of assets as collateral for credit obligations with TPBank.

Furthermore, Nam Bay Bay announced the dissolution of its Southwest Branch. As of October 27, 2025, NBB received official notice from the Ca Mau Provincial Finance Department regarding the termination of the Southwest Branch’s operations.

Earlier, NBB’s 1st Extraordinary Shareholders’ Meeting in 2025, held on October 7, 2025, approved the resignation of Ms. Le Thi Kieu Diem from the Supervisory Board for the 2025-2030 term and elected Mr. Le Thanh Hung as her replacement.

NBB also approved investments in the NBB High-Rise Apartment Project (Tan Nhut Commune, Ho Chi Minh City) with a total investment of approximately VND 4,678 billion, expected completion by September 30, 2029, and the NBB Garden III Residential Area Project (Phu Dinh Ward, Ho Chi Minh City) with a total investment of approximately VND 5,845 billion.

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