Stock market

NVL issues 80million shares

No Va Land Investment Group Corporation (NVL)’s shareholders have just approved the plans of issuing 80 million shares to its strategic partners at a cost of VND 30,000 to 90,000 per share.

Nova Land Investment Group Corporation (Novaland) has filed for domestic listing on the HCM Stock Exchange (HoSE)— Photo Novaland

Nova Land Investment Group Corporation (Novaland) has filed for domestic listing on the HCM Stock Exchange (HoSE)— Photo Novaland

The issuance is aimed to mobilize around VND 2,400 to VND 7,200 billion for subsidiaries and linked units and adding the capital to other companies.

In 2017, the VNL’s net revenue reached VND 11,6trillion, an increase of 58 percent. After tax profit was also up to 24 percent to reach VND 2,062billion.

D.D –Translated by K.Lien

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