Novaland increases its capital to over 24,000 billion VND.

Following the share issuance to existing shareholders, Novaland's charter capital increased to over 24,000 billion VND. The company is also pursuing plans for further capital increases.

Novaland has just completed the issuance of nearly 167.6 million shares. Photo: Quynh Danh .

Novaland Investment Group Joint Stock Company (HoSE: NVL) has just announced the completion of the issuance of nearly 167.6 million shares to existing shareholders to increase its charter capital from equity capital.

According to the report, as of June 11th, the company had completed the distribution of bonus shares at a ratio of 40:3, meaning shareholders owning 40 shares received an additional 3 new shares.

The total value of the issuance at par value reached nearly VND 1.676 billion , funded from the share capital surplus as reported in Novaland's audited separate financial statements for 2025.

Following the issuance, the company's charter capital increased from nearly 22,345 billion VND to over 24,021 billion VND .

Previously, the company also published proposals for shareholder consultation in writing regarding the adjustment and supplementation of certain share issuance plans. The period for shareholder consultation extends until June 29th.

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Specifically, Novaland proposes offering up to over 800 million shares to existing shareholders after completing the bonus share issuance. The exercise ratio is 3:1, meaning shareholders owning 3 shares are entitled to purchase 1 additional new share. The newly issued shares are not subject to transfer restrictions.

The offering price will not be lower than VND 10,000 per share, through which the company can raise a maximum of approximately VND 8,000 billion .

In addition, Novaland also presented to shareholders a new private placement plan, replacing the previously approved plan.

According to the proposal, the company plans to issue a maximum of 800 million shares privately to no more than 20 professional securities investors. The issue price will not be lower than 75% of the average closing price of NVL shares in the 30 most recent trading sessions before the Board of Directors issues the resolution approving the issuance plan. All of these shares will be subject to a one-year transfer restriction. The issuance is expected to take place in 2026.

The company stated that the funds raised from the two options will be prioritized for paying off the company's debts, financial obligations, and liabilities, as well as those of its subsidiaries. The remainder will be used to cover working capital, operating expenses, and investment activities.

In addition, Novaland also proposed adjustments and additions to several aspects related to the target of the offering, investor selection criteria, the plan for handling unsold shares, and the authorization of the Board of Directors to implement the employee stock ownership plan (ESOP) in 2026.

According to the plan approved at the 2026 Annual General Meeting, Novaland plans to issue over 111.7 million ESOP shares at a minimum price of VND 10,000 per share, potentially raising over VND 1,117 billion . All shares issued under this program will be subject to a minimum one-year transfer restriction.

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Source: https://znews.vn/novaland-tang-von-len-hon-24000-ty-post1662135.html