(HCMC, December 28th 2016) – At 9am on 28 December 2016, The Ceremony of Listing Decision Granting and Celebration of the first official trading day of shares of No Va Land Investment Group Corporation (“Novaland Group”, “The Company”) is taken place at Ho Chi Minh Stock Exchange (HSX). Novaland Group registered to list 589,369,234 shares, representing its whole charter capital of 5,893,692,340,000 VND, under the ticker of NVL.
Ms. Tran Anh Dao – Deputy CEO of Ho Chi Minh City Stock Exchange (HSX) officially announced the Listing Decision and celebrated the first trading day of shares of No Va Land Investment Group Corporation (Novaland Group) Chairman of Novaland Group – Mr. Bui Thanh Nhon received the listing decision from Mr. Tran Van Dung – Chairman of Ho Chi Minh City Stock Exchange (HSX)
Novaland Group has planned and prepared for the Listing along with active capital raising activities during the last two years. In 2015, Novaland Group issued US$ 50 million convertible preferred shares for VinaCapital, Dragon Capital and a local finance company. In 2016, Novaland Group was granted a convertible loan of US$ 100 million (US$ 60 million was disbursed in July 2016) from Credit Suisse – an international reputable financial institution. In November 2016, Novaland Group completed the private placement of 52.2 million common sharesfor nearly US$ 120 million; attracting interest from many experienced investors in Vietnam stock market such as Dragon Capital, VinaCapital, GIC (belong to Ministry of Finance, Singapore), J.P.Morgan, RWC Partners, Duxton Asset Management, VietFund Management (VFM), Viet Capital Asset Management and other reputable investment institutions
At the first official trading day of Novaland Group, Mr. Bui Thanh Nhon - Chairman of the Board, said: "The listing of Novaland Group shares on HSX is a special event and a great honor for us, marking the beginning of a new journey – Novaland Group’s journey for reaching out . We are always aware of our responsibilities as a Listed Company and towards our shareholders. We will strive to become one of the leading real estate companies with, effective business and sustainable growth along with the country development".
Chairman of Novaland Group – Mr. Bui Thanh Nhon gave a speech about Vison – Mission – Core Value of Novaland Group
Chairman of Novaland Group – Mr. Bui Thanh Nhon signed on the traditional book of Ho Chi Minh City Stock Exchange (HSX)
Chairman of Novaland Group – Mr. Bui Thanh Nhon opened the first trading day by striking the “Gong”
With sustainable development strategy and focusing direction, Novaland Group has gradually achieved our ambition to be a highly regarded world-class real estate group, with strong and sustainable growth, contributing to a happy and prosperous society. Novaland Group has a portfolio more than 40 projects with diversify products such as villas, town-houses, shop-house apartments, Office-tel, commercial floor ...which has gained a reputation in customer's mind. The Company has more than 120 thousand customers coming to visit and trading, of which more than 50% of successful transactions came from existing customers’ reference.
By 1st December 2016, the total charter capital of the Novaland Group is VND 5,962 billion. According to the Consolidated Financial Statement for 3Q2016: Total Assets reached VND 32,480 billion, Net Revenue of VND 7,176billion, 6.55% more than the 2016 full-yearplan; Profit after tax reached VND 1,561 billion, achieving 94.61% of FY2016 plan.
In 2017, Novaland Group expects to continue to hand over 07 projects sold in 2014 and 2015. With revenue recognition characteristic of the real estate sector, Novaland Group forecast a Net revenue of VND 17,528 billion, Profit after tax of VND 3,144 billion. This will be a solid foundation for Novaland Group to take futher important steps in the future
Besides, during the past crisis, Novaland Group also took advantage of the market opportunities, conducted a series of M&A projects in order to accumulate more than 9.8 million sqm of GFA, enabling the Company to grow sustainably in the next 5 years.
Novaland Group always strive to improve itself to become the best place to work in Vietnam and the most transparent listed company.
