NVT: NVT transfers stake in Ninh Van Bay Holiday Club

On June 13, 2012, the Board of Directors of Ninh Van Bay Real Estate Joint Stock Company decided to transfer VND5.5 billion or 55% of Ninh Van Bay Holiday Club Co., Ltd., a subsidiary entirely owned by Ninh Van Bay Real Estate JSC, to individual and institutional investors who contribute capital in June 2012. This capital transfer will help NVT to undertake its financial restructuring.

      After the transfer, the remaining capital of NVT in Ninh Van Bay Holiday Club Co., Ltd. is VND4.5 billion, or 45% of Ninh Van Bay Holiday Club Co., Ltd. 

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