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Novaland Increases Its Chartered Capital Four Times In 2016

Novaland increases its chartered capital four times in 2016

Novaland has just announced the prospectus ahead of its listing on the Ho Chi Minh City Stock Exchange (HOSE). Expected on December 28 the Group will officially be listed on HOSE with stock code NVL.

You can read more information at Vietnam Real Estate News

Accordingly, from December 12, Novaland has 596,199,234 shares in circulation, correspondingly the charter capital is nearly VND5.962 billion. At the end of 2015, the charter capital of Novaland will be VND3,683 billion.

In 2016, the company has raised capital four times. First, in February, Novaland issued 101.7 million shares to existing shareholders. In August, Novaland issued nearly 52 million shares of equity.

In November, the Group issued 52.2 million shares. Also in November, Novaland converted 22 million shares of preferred dividends into common shares.

Novaland increases its chartered capital four times in 2016
Expected, Novaland will be listed on December 28

As of Sept. 30, Novaland had $ 1,335.6 billion in long-term debt to third parties. The long-term loan was made in July, with the bank guaranteeing a credit of $100 with a term of 30 months, from the first disbursement date.

The maturity date for the loan in January to 2019. As of September 30, the loan was disbursed at $ 60 million.

By the end of 2015, total assets of the Novaland Group reached nearly VND 26,600 billion, up nearly VND 10,500 billion from a year earlier. Equity is VND6,095 billion and chartered capital is VND3,683 billion.

Total liabilities at the end of 2015 is nearly 20,500 billion with the largest item is “Short-term payers”, reaching more than 8100 billion. Total loans and financial leases reached nearly VND8,000 billion, the remaining are other payables.

About asset structure, accounting for more than 1/3 of assets are receivables. Of which, short-term receivables of VND6,000 billion and long-term receivables of VND3,300 billion. Inventory reached nearly 7,200 billion. Novaland’s cash at the end of 2015 is nearly VND3,900 billion.

On December 12, Novaland has four shareholders holding 5% of share capital, including Novagroup JSC (25.38%), Diamond Properties Joint Stock Company (13.56%), Bui Thanh Nhon (21.17%) and Bui Cao Nhat Quan (5.26%).

Thus, the group of shareholders related to Bui Thanh Nhon – Chairman of the Board of Novaland holding 65.4% of charter capital. In particular, the largest shareholder is Novagroup JSC with the number of more than 151 million units and Bui Cao Nhat Quan is the son of Mr. Nhon.

Based on the reference price on the floor, Mr. Nhon and his family hold shares worth 19.5 trillion dongs.

Novaland increases its chartered capital four times in 2016
illustration

Regarding shareholders’ structure, there are 24 shareholders inside, accounting for 26.61% and 328 shareholders, accounting for 73.39%. Novaland also has 40 subsidiaries. In addition, the Group has six affiliated companies with a 25-49.99% shareholding.

In 2015 and the first nine months of 2015, the Novaland Group will open 14 projects in the central, western, southern and eastern areas.

See more information at Vietnam Real Estate Investment

The precursor of the Novaland Group is Thanh Nhon Trading Company Limited with chartered capital of VND 400 million, established in 1992. The company specializes in trading veterinary drugs, pharmaceutical raw materials, and chemicals.

In 2007, Nova Corporation was established with two main areas managed by two independent companies: Anova Corporation trading veterinary medicine and nutritional food. Novaland Group invests in real estate.

The first project of the Novaland Group is Sunrise City in District 7, Ho Chi Minh City and was started in 2009. From 2014 to now, Novaland has dozens of projects located in the prime location in Ho Chi Minh City… Currently, Novaland has 11 trading floors and 3 branches – trading floors.

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Novaland Increases Its Chartered Capital Four Times In 2016
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