Novaland will hold an extraordinary shareholders’ meeting to seek approval for issuing over 151 million shares at 40,000 VND/share to exchange for a total bond debt of 6.074 trillion VND from 13 bond codes issued between 2021 and 2023. The issue price for this exchange is based on the book value of NVL shares at the end of 2024 and projected market value at the time of issue. The shares will be non-transferable for one year. If approved and implemented, Novaland’s charter capital will increase to over 21.019 trillion VND, representing 7.786% of the total shares currently in circulation.
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