Novaland Company has been required to repurchase the NVLH2123010 bond lot valued at nearly 1 trillion VND, with a deadline to complete this by March 17, 2025. This bond lot, issued on September 17, 2021, has a term of 42 months and an interest rate of 10.5% per annum. The reason for this buyback is due to the asset guarantee ratio falling below 100%, requiring the addition of assets within 30 days. Meanwhile, Bui Cao Nhat Quan, son of the Chairman, sold 2.92 million NVL shares for personal reasons, reducing his ownership ratio to 3.86%. Previously, Novaland won a lawsuit on a project valued at over 11 trillion VND in Thu Duc City, and NVL shares rose slightly to 11,150 VND per share at the March 17 session.
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