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VinaLand asset value drops after company sells remaining properties

By BFN News | 01:57 PM | Friday 23 August, 2019

Vietnam property investor VinaLand reported a large fall in its valuation after it sold the rest of its assets. The companys net asset value per share for the year through June fell to 0.6c, down from 29.0c on-year. VinaLand divested its three remaining holdings during the year, resulting in net proceeds of around $38.4m. It made a distribution from its paid-in capital of $45.4m, or 31c per share. Story provided by

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