Novaland (NVL) has approved a conversion price adjustment for a US$300 million bond issue, setting the new conversion price at VNĐ40,000 per share, 2.3 times the NVL market price.
Novaland, the second largest property firm in Việt Nam, has proposed utilising properties from a luxury development in downtown HCM City to pay off the principal and interest on three bond lots.
Property developer Novaland has said it is making efforts to restructure its debts and negotiate arrangements to strike a balance between the interests of bondholders and other creditors.
Sustainable development will be the foundation for restructuring and orienting its businesses, Novaland Investment Group Corporation told shareholders at its annual general meeting on Thursday.
Novaland Group, Tien Phong Commercial Joint Stock Bank (TPBank) and Ricons Construction Investment Joint Stock Company (Ricons) have recently signed a MOU to restart and complete construction of The Grand Manhattan – an apartment-commercial-service complex project at District 1, HCM...
No Va Land Investment Group Corporation (Novaland) has appointed Dennis Ng Teck Yow as its chief executive officer (CEO), replacing Nguyen Ngoọc Huyen.
The volume of mature bonds of businesses will peak in the period of 2023 - 2024 and bond issuers are taking different actions to proactively remove difficulties.
The Dau Giay-Phan Thiet Expressway Project has opened to traffic as planned. The 99km road that goes through Binh Thuan and Dong Nai provinces cost more than VND12.5 trillion to build.
No Va Land Investment Group Corporation (Novaland, HOSE: NVL) is consulting shareholders on changing the structure of its board of directors, reducing the number of members from seven to five, and re-electing members.