Nam Bay Bay (NBB) divests capital from a stone mining company in Quang Ngai

VHO - On August 13, Nam Bay Bay Investment Joint Stock Company (stock code: NBB) completed the procedures for transferring its capital contribution at NBB Quang Ngai One Member Co., Ltd. to SDP Investment Joint Stock Company.

NBB has completed capital at a subsidiary for SDP Investment Joint Stock Company. Illustrative photo

It is known that as of June 30, 2025, Nam Bay Bay has invested 85 billion VND in NBB Quang Ngai (currently setting aside a provision of 23.14 billion VND), equivalent to owning 100% of the charter capital.

NBB Quang Ngai's main activities are managing and exploiting Tho Bac stone mine and Nui Mang stone mine in Quang Ngai province; constructing, installing and contracting construction works and projects in the province and other localities.

Of which, Tho Bac quarry has an area of 21.8 hectares, exploitation capacity of 180,000 m3/year, expected exploitation time from September 22, 2008 to September 22, 2024; and Nui Mang quarry has an area of 4.4 hectares, capacity of 5,300 m3 per year, expected exploitation time from December 3, 2015 to December 3, 2023 and currently the quarry is in the process of closing the quarry.

Five Seven Seven has just been approved by shareholders through written opinion on assigning the Board of Directors to decide on work related to the legal work of the NBB II high-rise apartment project.

Previously, Nam Bay Bay was approved by the Ho Chi Minh City People's Committee for the investment policy and investor approval for the NBB II High-rise Residential Area project according to Decision No. 3108/QD-UBND dated June 21, 2025.

The NBB II High-rise Residential Area Project has a scale of about 7.9 hectares, expected to build 5 18-storey apartment towers, with an estimated investment capital of 4,136 billion VND. Of which, the Company has completed compensation work, and is expected to complete the next investment procedures in the period of 2025 - 2026.

Source: https://baovanhoa.vn/kinh-te/nam-bay-bay-nbb-thoai-von-cong-ty-khai-thac-da-tai-quang-ngai-161461.html