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Bui Thanh Nhon

Novaland proposes share issuance to settle $258 million bond debt

VnExpress

Novaland's new proposal outlines a plan to issue nearly 152 million shares to exchange for over 6,074 billion VND (approximately $258 million USD) in bond debt at a price of 40,000 VND per share.

Novaland proposes share issuance to settle debt

VnExpress

Novaland will propose to shareholders a plan to issue over 168 million shares to offset a debt of over 2,645 billion VND owed to Bui Thanh Nhon's group.

Novaland still in the red

VnExpress

Despite increased Q2 revenue due to recovering sales, Novaland reported a loss of nearly 190 billion VND, burdened by ongoing operating expenses.