Nam Long completed the project capital transfer deal, worth more than 660 billion VND

Nam Long completed the project capital transfer deal, worth more than 660 billion VND

After completing this transfer deal worth VND662 billion, it is estimated that Nam Long can earn after-tax profit of VND200 billion, contributing to the profit of the fourth quarter of 2024.

This is the information Nam Long Investment Corporation (NLG) has just shared.

The deal to transfer 25% of the capital in the Nam Long Dai Phuoc project (45 ha in scale) to Japanese strategic partner Nishi Nippon Railroad was completed in June 2024. According to Nam Long, this event has unlocked a potential project of the group.

Nam Long Dai Phuoc urban area is located on Dai Phuoc island, with a prime location adjacent to District 2 and District 9 of Ho Chi Minh City. From Paragon Dai Phuoc, it is easy to access important traffic routes such as National Highway 51, Ho Chi Minh City - Long Thanh - Dau Giay Expressway, Ben Luc - Long Thanh Expressway and Long Thanh airport in the future.

In particular, when Cat Lai bridge and Ring Road 3 are completed, the project will easily connect to the center within just 20 - 25 minutes.

Notably, 100% of the Nam Long Dai Phuoc project has completed site clearance compensation, leveled land to a height of 2 m, approved 1/500 planning, paid land use fees, and issued land use right certificates for the entire project.

According to plan, the project will be developed with main products being high-end semi-detached and detached villas.  

Source: https://baodautu.vn/nam-long-hoan-tat-thuong-vu-chuyen-nhuong-von-du-an-gia-tri-hon-660-ty-dong-d217901.html