HCMC – No Va Land Investment Group Corporation (Novaland) plans to issue 320 million NVL shares via private placement to swap debt.
The plan includes issuing over 168 million shares, equivalent to 8.6% of outstanding shares, at VND15,747 each to settle VND2.65 trillion in loans from stakeholders, including NovaGroup, Diamond Properties, and Hoang Thu Chau.
Novaland will also issue more than 151.85 million shares, or 7.8% of its outstanding shares, at VND40,000 each to swap VND6.07 trillion worth of corporate bonds from 13 13 separate lots. These bonds were initially secured by NVL shares, with additional collateral later including land-use rights from various projects.
The issue is expected between the fourth quarter of 2025 and the first quarter of 2026, subject to approval from the State Securities Commission. Upon completion, Novaland’s charter capital will rise to nearly VND22.7 trillion.
Post-transaction, the combined stake of major shareholders — NovaGroup, Diamond Properties, and the family of Chairman Bui Thanh Nhon — will be around 39.59%.
As of June 30, 2025, Novaland’s total debt exceeded VND61 trillion, with VND32 trillion due within the next 12 months. The company reported hundreds of billions of Vietnam dong in losses in the first half of 2025, citing ongoing cash flow difficulties.
Novaland said it continues to explore further restructuring options for debts dating back to 2022, aiming for resolution between late 2026 and early 2027.
Closing the trading session today, August 13, NVL inched down 0.27% to VND18,450, with over 36.5 million shares changing hands.
Vietnam’s benchmark index rose to a new record even though foreign investors marked their fifth straight session of net selling on the Hochiminh Stock Exchange (HOSE).
The VN-Index gained 3.38 points, or 0.21%, to 1,611.6 points at the close, with 164 winners and 165 losers. Earlier in the day, the index dropped by more than 20 points before recovering.
Trading value on HOSE exceeded VND55.9 trillion, while valued surpassed VND55.9 trillion, up 17% and 23% over the previous session, respectively.
Foreign investors posted a net sell value of over VND1.58 trillion across the market, including VND1.51 trillion on HOSE alone. SHB was the most bought stock by foreign investors, with net purchases worth nearly VND130 billion, followed by HCM, CMG, VPB, and MSN, each seeing net buys of VND70-97 billion. Lender SHB was also the most actively traded stock on the southern bourse with more than 115 million shares changing hands.
FPT faced heavy foreign selling, with net outflows of more than VND1.07 trillion. MWG, SSI, and HPG also recorded hundreds of billions of Vietnamese dong in net foreign sales.
In the VN30 basket, which groups the 30 largest-cap stocks, only 11 bluechips advanced, while 16 others declined, dragging the VN30-Index down 1.54 points, or 0.09%, to 1,753.71 points.
On the Hanoi Stock Exchange, the HNX-Index rose 3.22 points, or 1.16%, to 279.69 points, with 78 tickers gaining and 88 others dipping. Matching volume on the northern market reached over 228.5 million shares valued at nearly VND5.18 trillion.
