Novaland Investment Group Corporation (Novaland, stock code: NVL) has announced changes in personnel through a document sent to the Stock Exchange. Ms. Pham Thi Hong Nhung has been appointed as a Member of the Board of Directors with a term of 5 years starting from August 7, 2025, while Mr. Doan Minh Truong has been relieved of his duties by resignation. These decisions are based on the resolution of the General Shareholders’ Meeting. In addition to personnel changes, Novaland plans to issue nearly 320 million shares, accounting for 16.4% of the total outstanding shares, to swap for debts amounting to 8,719 billion VND in Q4 2025 – Q1 2026. The company also plans to issue 151.85 million shares to swap for 6,074 billion VND of bond principal. Furthermore, Novaland intends to borrow up to 5,000 billion VND with the right to convert into common shares.
Leave a Reply