HCMC – Dennis Ng Teck Yow has been appointed general director of local property firm Novaland, succeeding Nguyen Ngoc Huyen today, March 17. Yow earned a Master of Business Administration in banking and finance from the University of Hull in the United Kingdom. He previously worked as general
HCMC – Property developer Novaland has transferred its shares in subsidiaries to a bondholder in exchange for a volume of its cancelled corporate bonds and warrants. The company reached an agreement with Dallas Vietnam Gamma Ltd to reduce outstanding bonds and warrants through a swap arrangement,
HCMC – Bui Xuan Huy, former chairman of the HCMC-based property company Novaland, resigned yesterday, February 22, for personal reasons. He said in his resignation letter that his decision followed the firm’s restructuring plan. Huy held the post of general director of Novaland for two consecutive
HCMC – Major Vietnamese real estate developer Novaland has proposed extending the maturity of the bonds it issued to a later date due to its tight budget. According to the official dispatch Novaland sent to the Hanoi Stock Exchange, the HCMC-based property firm has not been able to settle coupons
HCMC – The chairman of the major Vietnamese property developer Novaland has called for lender banks to restructure debt owed by real estate businesses. Bui Thanh Nhon made the proposal during a hybrid conference held this morning, February 17 to find solutions to cope with woes faced by the real
HCMC – Major property developer Novaland has asked the central bank to enable debt restructuring and extension from 24 to 36 months for property firms. The proposal was made by Do Thi Phuong Nam, director for corporate restructuring at Novaland, during a meeting between the State Bank, lender
HCMC – Bui Thanh Nhon, founder of NovaGroup, has officially come back to the property developer Novaland as chairman and legal representative, according to a press release issued this afternoon, February 3. Nhon’s return to the top post is part of the restructuring project that NovaGroup,
HCMC – NovaGroup has registered to sell 150 million NVL shares to raise funds to tackle issues related to its bonds and its restructuring plan. NovaGroup, the largest shareholder of No Va Land Investment Group Corporation (Novaland), which trades its NVL shares on the Hochiminh Stock Exchange,
The VN30-Index gained 0.76 per cent to 1,122.14 points on Thursday morning. — Photo baodautu.vn Viet Nam’s stock market rose again on Thursday morning as investors continued to focus on blue-chip stocks. The benchmark VN-Index on the Ho Chi Minh Stock Exchange increased 0.54 per cent to 1,149.33