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VinaLand Distributes USD16.9 Million To Shareholders After Disposal

19th Apr 2018 15:37

LONDON (Alliance News) - Vietnam real estate-focused investment company VinaLand Ltd said on Thursday it has distributed USD16.9 million to shareholders, in line with its strategy to dispose of its entire portfolio and return cash.

On April 9, VinaLand sold off its entire holdings in the undeveloped land parcels of the Capital Square project in Danang and also in the Long Truong project in Ho Chi Minh City, collectively for USD26.0 million.

Shares in VinaLand were up 2.4% at USD0.54 on Thursday.


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