Novaland (NVL) has extended the timeline of its rights offering to existing shareholders: the subscription rights transfer period now runs to November 23 (from October 26), and registration and payment to November 26 (from October 29). The offering of up to nearly 800.7 million shares at a 3:1 ratio and VND 10,000 per share is expected to raise about VND 8,007 billion. Of this, VND 5,953.3 billion will repay part or all of the principal on 13 of the company's bonds, VND 916.3 billion goes into Nova Saigon Royal Real Estate Investment Co. Ltd., and VND 1,137.3 billion into No Va Thảo Điền Co. Ltd., both to repay bonds of those entities. Payments are scheduled for Q4 2026 to Q1 2027 and may be adjusted to market conditions. This is one of three capital-raising plans shareholders approved in July, alongside a private placement of up to 800 million shares and an ESOP of over 111.7 million shares.
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Original headline: Novaland phát thông báo quan trọng
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- Novaland Extends Rights Offering Period for Over 800 Million Shares to Existing Shareholders
Novaland has extended the registration and payment deadline to November 26, 2026 for its rights offering of up to nearly 800.7 million shares to existing shareholders, at a 3:1 ratio and VND 10,000 per share, expected to raise about VND 8,007 billion. The deadline for transferring subscription rights has also been moved to November 23, 2026, with both dates pushed back by about one month from earlier notices. The company plans to use VND 5,953.3 billion to repay part or all of the principal of 13 bonds it issued, while contributing VND 916.3 billion to Nova Saigon Royal and VND 1,137.3 billion to No Va Thảo Điền to repay bonds issued by those entities. Payments are expected between Q4 2026 and Q1 2027, and the timing and amounts may be adjusted depending on market conditions and negotiations with bondholders.
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