OUR HISTORY

The foundation of our business is a long reputation for trust, integrity, and expert advice. Since the 20th Century, we have nurtured this reputation through close collaboration, and by embracing and supporting innovation in order to remain at the forefront of our industry.

 

20th Century

 

The Sananikone family is an influential aristocratic family in Laos that had various businesses stemming from pharmaceuticals, aerospace, and real estate. In present times, the family operates in Finance, Government, Medicine, and various sophisticated fields.

 

1983

 

Norasing Family – Luang Prabang Trading Import-Export Limited No. 7 (LPB) is the first entity of Norasing Group. The company focused on importing and exporting automotive and machine parts that support agriculture and real estate construction.

 

1992

 

Inxythong Tractor Co., LTD is a company specializing in selling agricultural equipment such as tractors, balers, combines, plows, and more to landowners in Laos.

1998

 

Mr. Sananikone’s family founds Inxythong Construction Co., LTD (Norasing Real Estate Development) as a real estate development company. Projects include vast US-funded OHDACA projects, private-public infrastructure developments, and the most recent is the Gargantuan Buddha Statue in Xieng Khouang Province, Laos.

 

2007

 

Isuzu Lao VSA Co., LTD – Mr. Sananikone’s family brought Isuzu to Laos, knowing that it is still under-developed. Seeing the need for heavy-duty automobiles in an under-developed country, the family got the heavy-duty brand into Laos. Now, not only Mr. Sananikone’s family has showrooms in the major cities (Vientiane, Luang Prabang, Savannakhet, Champasak). The family has Isuzu manufacturing factories in the southern regions as well.

 

2010

 

SNP Microfinance (Norasing Capital Management) – is set up as a lending and real estate investment firm specializing in first collateralized loans.

Present - On Going

 

As we migrate into the United States market, our object is to create value for each communities that we invest in while maintaining a risk-adjusted management for our limited partners.