According to Novaland’s founder, the stock price has not accurately reflected the company's value and recovery potential as legal obstacles are gradually being resolved.
Bui Cao Nhat Quan, son of founder Bui Thanh Nhon, has been nominated to Novaland's board of directors, following his appointment as chairman of parent company NovaGroup.
Bui Thanh Nhon has transferred the chairman of the board position at NovaGroup to his son, Bui Cao Nhat Quan, stepping back to focus on strategic direction.
As the stock market continued to adjust by more than 13 points, Novaland stock surged to its maximum limit, becoming one of the top codes supporting the overall index.
