Nam Long Investment Joint Stock Company (stock code: NLG) has announced the approval of a plan to sell 100.1 million shares to existing shareholders at a ratio of 100:26. The offering price is expected to be 25,000 VND per share, generating approximately 2,503 billion VND, raising the charter capital to 6,353.6 billion VND. The funds will be used for projects and debt repayment. Nam Long has also reported on the use of proceeds from a 2021 private placement of 60 million shares, with total revenue in Q4 2024 reaching 6,368.5 billion VND, up 289% year-on-year. Net profit is 1,327 billion VND, up 175%. Total assets are 30,308 billion VND, with cash reserves increasing by 114.3%. Total liabilities stand at 15,741.8 billion VND, up 4.4%.
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