Novaland contributes another trillion to Khanh An Real Estate

30/09/2021 10:22 0

30-09-2021 10:22:01 07:00

Novaland contributes another trillion billion to Khanh An Real Estate

Board of Directors No Va Real Estate Investment Group Joint Stock Company (Novaland,

Specifically, NVL will contribute 1,000 billion VND to Khanh An Real Estate. After completing capital contribution, NVL will own 57.88% of the capital here.

In addition, the Board of Directors also approved the Resolution to transfer 4.55 million shares owned by NVL at Du Hotel JSC. Vung Tau Youth Calendar. After completing the transfer, NVL will no longer own any shares in the unit.

According to the consolidated financial statements of the first half of 2021 of NVL, as of June 30, NVL is the parent company of Vung Tau Thanh Nien Hotel and Tourism Joint Stock Company (ownership rate 93.4%) and Khanh An Real Estate (indirect ownership 99.94%).

Previously, NVL also planned to support and supplement capital for its subsidiary, Delta – Valley Binh Thuan Co., Ltd. to deploy. implementing the H4 Hotel Project under the Ocean Valley Tourist Complex project on schedule. Besides, NVL will support Delta – Valley Binh Thuan Co., Ltd. to pay due debts at VietinBank and other partners as committed.

In another development, recently, the Board of Directors NVL has just approved the Resolution approving the transaction to secure the bond issuance obligation. of the company. Specifically, NVL is expected to issue a maximum of 500 billion dong of bonds. The guarantor is Novagroup JSC and/or the collateral is shares NVL owned by Novagroup and other assets legally owned by Novagroup.

Minh Hong

FILI

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