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 at 31 March 2019, VinaLand Limited (the “Company” or “VNL”) posted an unaudited net asset value (NAV) of USD0.537 million or USD0.0037 per share, an increase from the previous quarter’s unaudited NAV per share of USD0.0022. This was primarily due to lower than expected costs associated with the ongoing liquidation of some of the remaining subsidiaries.