Nam Long Investment Joint Stock Company (Nam Long Group – stock code NLG) has just announced to the Ho Chi Minh City Stock Exchange the results of stock trading by insiders, the Chairman of the Board of Directors, Mr. Nguyen Xuan Quang.
Accordingly, Mr. Quang registered to sell 2 million shares (from May 19 to June 5). The number of shares sold at par value is 8 billion VND, but the market price during Mr. Quang's registration to sell is about 6-20 VND/share. Quang earned about 32.000 billion VND.
After the sale, Mr. Quang's holding of NLG shares decreased from more than 12% to 11,57% (44,45 million shares). In the registration information to sell shares, Mr. Nguyen Xuan Quang implemented the personal financial structure.
Previously, Mr. Van Viet Son, CEO of Nam Long Land Company (a member of Nam Long Group), also registered to sell 100.000 shares for the purpose of personal financial balance.
During the difficult period of the real estate market, Nam Long Group deployed 3-4 projects in Ho Chi Minh City and neighboring provinces to optimize revenue. Since the beginning of the year, Nam Long has been the leading company in selling products to the market with sales of nearly 500 billion dong.
Projects that will be launched into the market by Nam Long Group in the second half of 2023 include: EHomeS Can Tho with more than 900 units, estimated price of about 650 million VND/unit; EHome Southgate - Long An has more than 600 units, estimated price of 1,2 billion VND/unit; Akari City - Ho Chi Minh City nearly 700 Flora apartments, expected price 3 billion/unit; Mizuki Park - Ho Chi Minh City has more than 200 Flora apartments, estimated price of 3 billion VND/unit, and a number of villa products in Waterpoint urban area - Long An.
