7th Dec 2018 14:55
LONDON (Alliance News) - VinaLand Ltd on Friday said it completed the distribution of GBP45.5 million to shareholders after disposing of two projects in Vietnam.
Back in November, the investment company announced the proposed UAS0.31 per share cash return to shareholders after it said it was divesting its stake in the Green Park Estate project, located in Ho Chi Minh City, Vietnam.
VinaLand, which is looking to sell assets as part of a plan to delist and liquidate next year, sold the project to Van Thanh Real Estate Investment Co Ltd for net cash proceeds of USD35.3 million.
Vinalnad shares were untraded at USD0.05 each.
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