Novaland to issue 800 million shares to raise 8 trillion VND

Novaland Group (NVL) has announced a plan to issue approximately 800.7 million common shares to existing shareholders at a price of 10,000 VND per share. The offering aims to raise nearly 8,007 billion VND.

The proceeds are intended to settle debts, financial obligations, and overdue payables for Novaland and its subsidiaries, including Nova Saigon Royal Real Estate Investment Co., Ltd. and No Va Thao Dien Co., Ltd. If successful, the company's charter capital is expected to increase from over 24,020 billion VND to more than 32,027 billion VND.

In the first half of the year, Novaland reported net revenue of 5,096 billion VND, a 38% increase, and a post-tax profit of 1,772 billion VND, reversing a loss from the same period in 2025. The company has set a revenue target of 22,715 billion VND and a post-tax profit target of 1,852 billion VND for 2026.