The Mekong Capital’s Vietnam Azalea Fund Limited (VAF) has acquired minority stakes of the Nam Long Investment Joint Stock Company worth about 9.1 million USD.
Nguyen Xuan Quang, Chairman of the Nam Long Company said he believed that the combined strength between Mekong Capital and other foreign and domestic shareholders of Nam Long including ASPL and Nam Viet Ltd will help Nam Long achieve greater success in the future.
Nam Long is a real estate developer, operating in Ho Chi Minh City and southern provinces. It now owns 550 hectares of land in Ho Chi Minh City , the central city of Da Nang , the Mekong delta city of Can Tho and the Mekong delta province of Long An.