Nam Long Investment Joint Stock Company (MCK: NLG) announced that it will spend nearly 1.3 trillion VND to pay off bond principal and interest by the end of 2024. Specifically, they paid 341.8 billion VND in interest for 9 bond lots and fully repaid 2 bond lots totaling 950 billion VND. Nam Long is currently managing 5 bond lots with issuance values ranging from 450 to 550 billion VND each, maturing from 2027 to 2029. Recently, the company sought shareholders’ opinions on issuing 100.1 million new shares at a price of 25,000 VND per share to raise about 2.503 trillion VND, expected to increase its charter capital from 3.850,7 trillion VND to 6.353,6 trillion VND. The raised funds will primarily be used for projects and debt repayment.
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