The truth about the information that Mr. Bui Thanh Nhon wrote a resignation letter as Chairman of Novaland

(NLDO)- Novaland affirms that the information that Novaland Chairman Bui Thanh Nhon has resigned from his position is untrue.

In a notice sent to customers, partners and investors on the evening of January 14, Novaland Real Estate Investment Group Joint Stock Company (Novaland) said that on January 14, the media published false information related to Novaland's leadership. It mentioned that Mr. Bui Thanh Nhon had just submitted a resignation letter from the position of Chairman of the Board of Directors of Novaland Group, and resigned from the Board of Directors of the Group from January 20.

"Novaland affirms that this is fabricated information, completely untrue, causing serious misunderstanding for customers, partners, shareholders, and investors of Novaland, causing a stir in public opinion.

Currently, Novaland still maintains stable production and business activities and there is no disruption in the Board of Directors. Mr. Bui Thanh Nhon, Chairman of the Board of Directors of Novaland Group, is still holding the position, directly directing and orienting the group's activities" - the document stated.

Novaland's project in Phan Thiet

Novaland also said that the group is determined to recover and strive to fulfill its commitments to ensure the best interests of stakeholders for sustainable development.

As of the end of the third quarter of 2024, the group of shareholders related to Chairman Bui Thanh Nhon held 38.7% of Novaland's capital, equivalent to 753.8 million NVL shares. The value of this group's shares is about VND 6,700 billion.

At the end of the trading session on January 14, NVL shares fell 4.3%, to a historic low of only VND8,950/share. In just two weeks of January, NVL shares fell 12.6%.

Source: https://nld.com.vn/thuc-hu-thong-tin-ong-bui-thanh-nhon-viet-don-tu-chuc-chu-cich-novaland-196250115091139331.htm