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Novaland Group has registered to list 589,369,234 shares with a total value of over VND5,893 billion on the Ho Chi Minh Stock Exchange.

You can read more information at Vietnam Real Estate Market

On the morning of 28th – 12th, Ho Chi Minh City Stock Exchange – HOSE announced and granted the listing decision to the Novaland Group under the code of NVL. Novaland registered to list 589,369,234 shares with a total value of VND5,893,692,340,000.

Speaking at the first trading day of the Novaland Group, Bui Thanh Nhon Board Chairman, Novaland Group’s listing on the HOSE is a special event, marking the beginning of a New route of Novaland.

“The company is always aware of its responsibility to become a listed company and its responsibilities to shareholders. We will strive to become one of the leading real estate companies, effective businesses, and sustainable development, “said Nhon.

Currently, Novaland owns more than 40 projects with diversified products such as villas, commercial buildings, apartments, officetel, commercial floor … The company has more than 120 thousand visitors to learn and deal.

As of December 1, Novaland’s charter capital is VND5,962 billion. Consolidated financial statements for the first nine months of 2016 showed total assets of VND32,480 billion. The net revenue is VND7.176 trillion, surpassing 6.55% of the whole year plan. Profit after tax is VND1.561 trillion, reaching 94.61% of the whole year plan.

Previously, Novaland had planned and prepared for listing with active mobilization activities in the last two years. In 2015, the company issued nearly $ 50 million in convertible preferred stock to VinaCapital, Dragon Capital and a local financial company.

See more information at Vietnam Real Estate Investment

In 2016, the company is funding a $100 million convertible loan from Credit Suisse. Of that, $ 60 million was disbursed in July. In Novaland, Novaland completed a private placement of nearly $ 120 million with the participation of investors such as Dragon Capital, VinaCapital, GIC, JP Morgan, RWC Partners, DuxtonAsset Management, VFM, Viet Capital Asset Management …

In 2017, Novaland will continue to hand over seven projects sold in 2014 and 2015. The company will record net sales of VND17,528 billion, net profit of VND3,144 billion.

In recent years, Novaland has also taken advantage of the opportunity, carrying out many acquisitions and mergers of projects to accumulate more than 9.8 million square meters of construction floor space, enough for Novaland to develop well during the next five years.

You are reading the article “Novaland Stock Is Officially Listed On HOSE” in the section “Real Estate News” on the website: realestatevietnam.com.vn
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