23rd Aug 2019 13:12
(Alliance News) - Vietnam-focused real estate investor VinaLand Ltd on Friday reported a sharp net asset value fall in its recently ended financial year as it edges closer to voluntary liquidation.
Net asset value at June 30, the end of its financial year, was USD0.006, down 98% year-on-year from USD0.29.
During the financial year, the company sold its three remaining holdings for a total of USD38.4 million.
The company will pay shareholders USD0.006 per share on September 6.
At an extraordinary general meeting on September 11, Vinaland will seek a special resolution to be placed into voluntary liquidation.
Vinaland's shares were suspended from trading in July.