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Image: Real estate developer Novaland names new director

Real estate developer Novaland names new director

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

Image: Novaland swaps bonds for shares

Novaland swaps bonds for shares

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,

Image: Novaland’s former chairman leaves board of directors

Novaland’s former chairman leaves board of directors

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

Image: Novaland proposes extending bond maturity

Novaland proposes extending bond maturity

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

Image: Novaland chairman calls for debt restructuring for property firms

Novaland chairman calls for debt restructuring for property firms

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

Image: Novaland suggests debt extension for property firms

Novaland suggests debt extension for property firms

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

Image: Bui Thanh Nhon returns to Novaland as board chairman

Bui Thanh Nhon returns to Novaland as board chairman

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,

Image: NovaGroup to offload 150 million NVL shares

NovaGroup to offload 150 million NVL shares

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,

Image: Shares continue rally on the back of blue-chip stocks

Shares continue rally on the back of blue-chip stocks

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