Novaland (Nova Real Estate Group) has announced two options for its 2025 business plan in a proposal to the shareholders’ meeting. Option 1 estimates a net revenue of 13,411 billion VND and a net profit loss of 12 billion VND. Option 2 has a net revenue of 10,453 billion VND with a loss of 688 billion VND. Novaland explains that its business results mainly depend on the progress of legal resolution of projects, hence the cautious proposals based on two scenarios of legal resolution: one in favorable conditions and another in less favorable conditions. Additionally, the company plans to change its Board of Directors members, cancel the plan to issue more shares due to unfavorable market conditions, and cease the employee stock option program (ESOP). Novaland has recently been notified by the Ho Chi Minh Stock Exchange that it has been removed from the warning list after resolving previous issues.
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