No Va Real Estate Investment Group Corporation ( Novaland - NVL) announced that March 1 is the last registration date to establish a list of shareholders to collect written opinions. The time for collecting opinions is from March 10 to March 21. Accordingly, the Board of Directors of Novaland submitted to shareholders for approval many important contents.
Specifically, Novaland asked shareholders to authorize the Board of Directors to decide on restructuring the company, including negotiating and implementing new issuance of shares and convertible bonds to increase capital and financial restructuring (including stock conversion, debt conversion into shares or assets).
Novaland asks shareholders for opinions on debt swap
At the same time, authorize the Board of Directors to decide on the negotiation and adjustment of conditions and contents related to capital mobilization, restructuring of mobilized capital; decide on the negotiation and implementation of asset trading (including trading of investments in the company), and asset swaps (including debt and commodity swaps).
In addition, the company seeks opinions on the approval of payment guarantees for subsidiaries and affiliated companies with payables and the plan to issue shares under the employee stock option program in 2023.
New information was updated in the analysis report of Ban Viet Securities Company (VCSC) after Novaland's investor meeting on February 10. The company is working with financial consultants to carry out a comprehensive restructuring plan. That is, negotiating with creditors and bondholders to restructure the debt repayment schedule; focusing on developing key projects and considering the possibility of selling off assets.
At the conference to promote the real estate market chaired by Prime Minister Pham Minh Chinh on the morning of February 17, Mr. Bui Thanh Nhon, Chairman of the Board of Directors of Novaland, proposed that the Government and the State Bank allow banks to extend, postpone and maintain the debt group for real estate projects for 2-3 years to help businesses have time to wait for the market to recover and complete the project's legal procedures. In addition, Novaland also hopes that the State Bank will allow restructuring of loans for customers buying real estate whose interest payment source is supported by the investor, credit institutions to consider reducing lending interest rates for individual customers...
Source: https://thanhnien.vn/novaland-xin-y-kien-co-dong-ve-viec-hoan-doi-no-thanh-co-phieu-hoac-tai-san-185230219090407119.htm
Comment (0)