Extraordinary General Meeting of Novaland: Approval of Issuance of Over 320 Million Debt-Converted Shares at 15,746 VND and 40,000 VND per Share

On August 7, 2025, Novaland held an extraordinary shareholders meeting that approved a plan to issue 320 million shares to convert more than 8.719 trillion VND in debt. This includes 168 million shares issued privately at 15,746 VND/share for 2.645 trillion VND owed to three creditors, and 151.8 million shares at 40,000 VND/share to settle 6.074 trillion VND in bond principal. Following this, Novaland’s charter capital is expected to increase to nearly 22.7 trillion VND.

The meeting also approved a maximum loan of 5 trillion VND with conversion rights into shares. Currently, Novaland faces significant challenges, reporting a loss of 666 billion VND in the first half of 2025. The company plans to continue raising funds to complete projects, amid progress on several projects that have reached important legal milestones.