CII Service, a subsidiary of CII Invest, has recently reported the acquisition of 2.9 million shares of NBB, issued by Nam Bay Bay Investment Corporation, between December 2nd and 4th, 2025. This transaction increased CII Service’s ownership from 0% to 2.9% of Nam Bay Bay’s charter capital.
As a subsidiary of CII Invest, CII Service is also an indirect subsidiary of Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII, listed on HoSE). Following this transaction, the CII group’s total ownership in Nam Bay Bay rose to 79.93 million shares, equivalent to 79.81% of the company’s charter capital.
Specifically, CII directly holds 21.98 million shares (21.95%), while CII Invest holds 55.03 million shares (54.95%). Additionally, Ms. Nguyen Quynh Huong, Deputy General Director of CII and a board member of Nam Bay Bay, owns 19,200 NBB shares, representing 0.02%.
Previously, from November 19th to 21st, 2025, CII Invest successfully acquired 4.49 million NBB shares from CII. Post-transaction, CII’s ownership decreased from approximately 26.5 million shares (26.43%) to nearly 22 million shares (21.95%), while CII Invest’s ownership increased from over 50.5 million shares (50.47%) to more than 55 million shares (54.95%).
In terms of business performance, Nam Bay Bay reported a net revenue of nearly VND 29.8 billion in the first nine months of 2025, a 44.7% decline compared to the same period in 2024. However, its post-tax profit reached over VND 802.1 billion, marking a 90.5% increase.
As of September 30th, 2025, Nam Bay Bay’s total assets slightly decreased by VND 87.4 billion to VND 7,666.2 billion, while its total liabilities dropped by VND 88.2 billion to VND 5,847.4 billion.
For CII, the first nine months of 2025 saw a 6% decline in net revenue to over VND 2,141 billion. The key revenue stream, traffic fees, remained stable at around 88% of total revenue. Real estate, construction, and infrastructure maintenance revenues decreased by 67% and 21%, respectively.
Financial revenue also dropped by 38% to over VND 583 billion, primarily due to a VND 430 billion gain from the revaluation of investments in Nam Bay Bay recorded in the same period last year.
CII also incurred an VND 84 billion loss from contract penalties and VND 13 billion in expenses related to suspended projects. Despite cost-cutting measures, CII’s post-tax profit fell by 55% to VND 241 billion, with the parent company’s profit declining by 78% to nearly VND 58 billion compared to the first nine months of 2024.
CII Group Aims to Increase Stake to Nearly 80% in Nam Bay Bay
CII Service has recently initiated the purchase of 2.9 million NBB shares, a strategic move aimed at bolstering its investment portfolio. Upon successful completion of this transaction, the CII group’s total ownership in Năm Bảy Bảy will surge to an impressive 79.81% of the company’s capital.
CII Transfers 4.49 Million NBB Shares to Subsidiary
CII has registered to sell 4.49 million NBB shares of Nam Bay Bay to its subsidiary, CII Invest, during the period from November 19 to December 18, 2025.
CII Invest Seeks to Expand Ownership Stake in Nam Bay Bay
CII Invest plans to acquire 2 million NBB shares from Mrs. Nguyễn Thị Kim Thao, bypassing the requirement for a public tender offer.
Nam Bay Bay Eyes $4.5 Billion Investment in Two Mega Projects, Appoints New Board Member
At the extraordinary shareholders’ meeting on October 7th, Nam Bay Bay shareholders will consider investing in two projects with a total capital of VND 10,000 billion and elect an additional member to the Board of Supervisors.
“VPBank Extends a Massive 5,000 Billion VND Credit Guarantee to Nam Bay Bay with CII’s Backing.”
Over time, the CII group has consistently increased its ownership stake in Nam Bay Bay, and currently, this group of shareholders collectively holds 74.69% of the chartered capital in NBB.
