HCMC – No Va Land Investment Group Corporation (Novaland, HOSE: NVL) plans to raise its charter capital to about VND24 trillion through a share issue funded by equity, according to a board resolution approved for implementation in 2026.
The company plans to issue up to 167.6 million shares to existing shareholders at a ratio of 40:3, equivalent to a 7.5% issuance rate. This means that shareholders will get three new shares for every 40 shares held. The shares will be issued from share premium reserves recorded in Novaland’s audited 2025 standalone financial statements.
The issue is expected to take place in the second quarter of 2026 after the company completes procedures with the State Securities Commission of Vietnam.
Novaland currently has more than 2.23 billion outstanding shares with a par value of VND10,000 each, equivalent to nearly VND22.35 trillion in charter capital. If the issue is done, the firm’s charter capital would rise to nearly VND24.02 trillion.
Rights to receive the additional shares will not be transferable. Fractional shares will be rounded down to the nearest whole share.
In the first quarter of 2026, Novaland reported consolidated net revenue of nearly VND3.59 trillion, rocketing 102% from a year earlier.
Its after-tax profit surged to VND860 billion, compared with a loss of more than VND476 billion in the same period last year.
For 2026, Novaland targets net revenue of VND22.72 trillion and after-tax profit of VND1.85 trillion. After the first quarter, the company had completed 16% of its annual revenue target and 46% of its profit goal.
Closing the trading session today, May 25, NVL remained flat at VND15,500, with nearly nine million shares changing hands.
Vietnam’s benchmark VN-Index rose 0.47% at the close on Monday, led by gains in real estate and banking stocks, although market liquidity declined from the previous session.
The index added 8.9 points to end at 1,886.03 points. The Hochiminh Stock Exchange recorded 129 advancers and 174 decliners. Trading volume reached nearly 702.6 million shares worth VND18.96 trillion, down 17.7% in volume and more than 15% in value compared with the previous session on May 22. Block deals accounted for 207.4 million shares worth VND5.08 trillion.
Large-cap stocks in the VN30 basket performed better than the broader market, with the VN30-Index gaining nearly 11 points. Eighteen stocks advanced while 10 declined.
On the Hanoi Stock Exchange, the HNX-Index advanced 1.6%, or 4.29 points, to close at 271.8 points. The exchange recorded 59 gainers and 65 losers, with trading volume exceeding 52.9 million shares worth VND974 billion.
