VinaLand Limited announced that it is divesting its stake in the Green Park Estate project, located in Ho Chi Minh City, Vietnam. The company is divesting its entire stake in the Project to Van Thanh Real Estate Investment Company Limited for net cash proceeds of approximately USD35.3 million, which includes the repayment of shareholder loans, resulting in an IRR of 0.9% to the Company. The company also announced that following the disposal of all projects in the portfolio, it will make a distribution of USD 0.31 per ordinary share from the Company's Share Premium Account. The distribution of approximately USD 45.45 million in total will be returned equally to all shareholders, representing USD 0.31 per ordinary share. The details of the distribution are: Ex-distribution date is 29 November 2018, record date is 30 November 2018 and the payable date is 05 December 2018.