Vinaland raises $31m from asset sales

VNL : Vinaland raises $31m from asset sales

Vinaland has published its results for the year that ended on 30 June 2014. Over the period the net asset value fell by a cent from $0.93 to $0.92 but this unexciting result masks considerable activity in the portfolio as property worth $31.4m was sold. The company sold its stakes in six projects, including the Nguyen Du office building, Sheraton Nha Trang hotel, the Signature One condominium site, Hao Khang development site, its stake in Prodigy Limited which owns a 102-room hotel in Hanoi, and VinaProperties Private Limited which owns a 278-room hotel in Ho Chi Minh City.

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