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Novaland
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Novaland doubles bond-to-share conversion price
Investors in Novaland - issued international bonds, worth a total of $300 million, must pay almost double to convert the bonds to shares, according to a latest decision by the property developer.
Novaland to raise $563M through share issuances
Property developer Novaland plans to issue 1.37 billion shares to raise a minimum of VND13.7 trillion (US$563 million) to pay off and restructure debts.
Novagroup continues to sell Novaland shares to pay debts
Novagroup has been selling millions of shares of its property development subsidiary Novaland Group to repay debts.
December 27, 2023 | 03:33 am PT
Novaland share issuance plan shrinks 40%
Property developer Novaland is seeking shareholders' permission slash a rights issue plan by 40% from 1.95 billion shares to 1.17 billion.
December 14, 2023 | 02:51 am PT
Novaland wants to pay bond debts with luxury real estate in HCMC
Property developer Novaland has proposed using real estate of The Grand Manhattan project to pay back debts to bondholders of three of its bond packages.
November 12, 2023 | 02:47 am PT
Novaland back in the black
Real estate developer Novaland reported an after-tax profit of VND136.7 billion (US$5.7 million) in Q3, after two quarters of losses.
October 30, 2023 | 08:18 pm PT
Novaland to redeem 10-year bonds prematurely
Property developer Novaland has decided to prematurely redeem 40% of two 10-year bonds it issued in the middle of last year but has not disclosed the reason.
September 24, 2023 | 08:29 pm PT
HCMC bourse to remove two property stocks from top 30 basket
Property companies Novaland and Phat Dat Real Estate Development are set to be removed from the VN30 Index on the Ho Chi Minh Stock Exchange on August 7.
July 17, 2023 | 08:46 pm PT
Main stakeholders not abandoning Novaland: senior executive
The divestment of stakes by NovaGroup and other shareholders in Novaland is not to shirk responsibility but to fulfill debt obligations, a senior executive at the latter has said.
June 22, 2023 | 09:16 pm PT
Singaporean firm acquires Novaland's coffee and restaurant chain
Nova FnB Company, which specializes in providing food services at projects developed by Novaland, has been acquired by a Singaporean firm through the arrangement of VinaCapital.
June 18, 2023 | 05:00 am PT
NovaGroup to sell 7% stake in Novaland
Investment firm NovaGroup has registered to sell a nearly 7% stake in its property affiliate, Novaland.
June 14, 2023 | 08:14 pm PT
Novaland profit to fall by 90% to smallest in 8 years
Property developer Novaland expects profits to fall by 90% this year to VND214 billion (US$9 million), the lowest since 2015.
May 31, 2023 | 11:14 pm PT
NovaGroup to sell stake in property subsidiary Novaland
NovaGroup wants to sell a 2% stake in Novaland, and if the transaction goes through, chairman Bui Thanh Nhon and his family will become minority shareholders.
March 27, 2023 | 08:51 pm PT
Novaland appoints first foreign CEO
Property developer Novaland has appointed Dennis Ng Teck Yow as its first foreign CEO as part of a major restructuring after key leaders resigned.
March 16, 2023 | 11:47 pm PT
Novaland goes for $1.2B more capital
Vietnam’s fourth-largest property developer Novaland wants to increase its capital by VND29.25 trillion (US$1.24 billion) by issuing 1.95 billion shares to existing shareholders, and another 975 million in private placement.
March 11, 2023 | 04:09 pm PT
Homebuyers panic as Novaland halts interest payment assistance
Ha bought a villa worth VND12 billion (US$508,500) from Novaland using cash and a VND5-billion bank loan after Vietnam’s fourth-biggest property developer pledged to cover most of the interest.
February 26, 2023 | 03:41 pm PT
Novaland seeks bond repayment delay
Vietnam’s fourth-biggest listed property developer Novaland is asking its bond holders for an extension of two months in repayment of a VND1 trillion ($42 million) note originally due on Feb 12.
February 25, 2023 | 03:45 pm PT
Novaland’s ex-chairman resigns from board
Property developer Novaland announced Wednesday it had accepted the resignation of board member and former chairman Bui Xuan Huy.
February 22, 2023 | 04:44 pm PT
3-year loan extensions could revive property sector: Novaland chairman
Bui Thanh Nhon, chairman of property developer Novaland, on behalf of other businesses in the sector, has proposed that banks allow their payments due be extended for another two or three years.
February 17, 2023 | 01:54 am PT
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