CP Investment Nam Bay Bay (stock code: NBB) announced the documents for the extraordinary shareholders meeting in 2025 scheduled for October 7. The Company seeks shareholder approval for CII Invest to acquire 2 million NBB shares without a public offering. After the transaction, CII’s ownership will reach 76.9%. Two approved projects include the NBB II apartment complex in Ho Chi Minh City with an investment of 4.678 trillion VND and the NBB Garden III residential area with 5.845 trillion VND, totaling approximately 10.5 trillion VND. NBB will also present the dismissal of Ms. Le Thi Kieu Diem from the Supervisory Board for the 2025-2030 term and will elect a new member. In business, NBB reported 23 billion VND in revenue, down 45% year-on-year, while financial revenue rose to 186 billion VND, up 34%. However, high interest expenses led to a decrease in after-tax profit to 102 million VND.
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