NovaGroup increases its ownership rate at NVL, strengthening its ecosystem

Oct 10th at 08:01
10-10-2022 08:01:38+07:00

NovaGroup increases its ownership rate at NVL, strengthening its ecosystem

NovaGroup had increased its ownership stake in Novaland to over 37 per cent to be its largest shareholder.

 

Bui Thanh Nhon, chairman of NovaGroup and his wife, Cao Thi Ngoc Suong, have contributed capital to NovaGroup via NVL shares and officially become the indirect shareholders of Novaland via NovaGroup. This was approved in the General Meeting of Shareholders Resolution in April 2021.

The restructuring of ownership in the NovaGroup member system is part of the Group’s development strategy. In the coming time, the Board of Directors and Executive Board of NovaGroup will continue to lead and strengthen the human resources team as well as focus on developing products and services to create growth for Novaland and other corporations in the ecosystem.

“NovaGroup is well-known due to its business ecosystem, in which every affiliated corporation benefits from the others to create synergy to reach the global market. The entire conglomerate will always be dedicated and committed to the long-term strategy that NovaGroup and the Corporations have set for sustainable growth and better values for the community and society,” Hoang Thu Chau, general director of NovaGroup, shared.

NovaGroup’s robust ecosystem helps provide international standard products and services to the community, build megacities associated with local economic development, social security and new tourist destinations, and contribute to promote the national tourism development strategy.

From NovaGroup’s solid foundation, its member corporations have achieved several major breakthroughs in recent years, such as megacities of thousands of hectares, including Aqua City (Dong Nai), NovaWorld Phan Thiet (Binh Thuan), and NovaWorld Ho Tram (Ba Ria - Vung Ta), are under rapid construction with many services of NovaGroup being put into operation. More importantly, many of its products and services have made a good impression and are highly appreciated by customers and partners.

bizhub



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

HHV requests to clarify information on manipulating stock prices

Deo Ca Traffic Infrastructure Investment JSC (HoSE: HHV) just sent a document to authorities requesting to strictly fine the disclosure and spread of incorrect...

Suspicion over Hoang Anh Gia Lai Group's (HAG) long-term growth trajectory

Since exiting the real estate segment in 2012, privately-held Hoang Anh Gia Lai Group (HAGL) has continually been pivoting to the agriculture business. However, the...

First mid-cap ETF listed on HOSE

DCVFMVNMIDCAP ETF, an exchange-traded fund managed and operated by Dragon Capital Vietfund Management Joint Stock Company, listed six million units on the Ho Chi...

Van Dien fertilizer (VAF) meets organic standards

Organic fertilizers are considered a key solution in Vietnam’s campaign to achieve green, clean and sustainable agricultural production.

Vietnam Airlines (HVN) listed among the world’s best 100

The international airline rating organization Skytrax has announced the best 100 airlines in the world in 2022, including Vietnam Airlines.

FiinRatings assigns A- credit rating to Viet Capital Securities (VCI)

FiinRatings has assigned a first-time long-term issuer credit rating of 'A-' with a stable outlook to Viet Capital Securities Joint Stock Company.

Pressing issues trouble Hoa Phat Group (HPG)

The continuous decline of steel prices, along with the sharp increase in financial expenses under exchange rate pressure, is reducing the profit margins of Hoa Phat...

Listed companies honoured for best investor relations

HCM CITY — The Việt Nam Association of Financial Executives, the Finance and Life e-magazine (FILI) and Vietstock honoured listed companies with the 2022 IR Award...

Vietnam’s flag carrier says still has chances to maintain listing on stock market (HVN)

A representative of national flag carrier Vietnam Airlines said that the airline has been aware of the delisting risk, but added that there are still time and...

FLC Faros Vice General Director arrested

The arrest followed the expansion of the police’s ongoing investigation over the case of market manipulation and appropriation of assets by deceit at FLC Group and...


MOST READ


Back To Top