NRC plans major real estate investment and capital increase

NRC Corporation Joint Stock Company has presented a proposal to its Extraordinary General Meeting of Shareholders in 2025 to approve the investment in real estate products within the "The Welltone Luxury Residence" project in Nha Trang, Khánh Hòa province. The estimated total investment value for this project is up to VND1,000 billion, focusing on apartment units. This move aligns with the company's goal to invest in new, legally complete projects ready for sale, aiming to generate stable and quick revenue.

Additionally, NRC is seeking approval to increase its charter capital by VND925,977,620,000 through a private placement of shares, with implementation scheduled for 2025 and 2026. This plan replaces a previously approved issuance strategy from the 2025 Annual General Meeting of Shareholders, reflecting a re-evaluation of the company's capital needs and business strategy. The board of directors will also be authorized to conduct investment and fundraising activities to support business operations, including securing loans and selling shares.

Shareholders will also vote on the dismissal and appointment of an independent board of directors member for the 2022-2027 term. One independent member is to be elected to replace a member who resigned due to personal reasons. The election will be conducted via cumulative secret ballot, with candidates having been announced prior to the meeting.