Novaland Corporation has resolved to use its assets to secure a loan of 1.75 trillion VND for its subsidiary Nova Riverside. This loan, with a term of 57 months, aims to invest in the Ocean Valley Resort Complex Project in Phan Thiet. The securities include a commercial service area in Phu Nhuan and several other properties in Ho Chi Minh City. Meanwhile, Novaland is facing difficulties in paying off bond principal and interest, with nearly 906 billion VND due on May 23, 2025, having only paid around 221 million VND through other assets. The company is currently negotiating with investors regarding this bond debt.
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