Following the outcome of the 2016 AGM and EGM, the Investment Manager is continuing with the orderly realisation of the Company’s investment portfolio enabling further distributions to shareholders. Vietnam’s economic conditions continued to support and create more demand in real estate market, including VNL’s portfolio. The combination of stable market enables the Investment Manager to continue to focus on ongoing disposals and other divestment opportunities at optimal valuations and to complete distributions to shareholders.
Latest commentary from our fund manager
As of 31 December 2017, VinaLand Limited (the “Company” or “VNL”) posted an unaudited net asset value (NAV) of USD116.4 million or USD0.6438 per share, a decrease of 31.98% from the previous quarter’s unaudited NAV per share of USD0.9465. VNL’s share price declined 26.8% to USD0.60 as at 31 December 2017, resulting in the company’s share price to NAV discount to be 7.6% at the end of the reported quarter