Novaland Group Corp plans debt-to-equity swap
Novaland Group Corp announced a plan to swap its debts for shares. The company intended to restructure its debts and improve its finances. A total of VND 2,645 billion in debt would be converted. Its largest creditors included Novagroup and Diamond Properties. Issued shares faced a one-year transfer restriction.
Novaland Group Corp announced a plan to swap its debts for shares. The company intended to restructure its debts and improve its finances. A total of VND 2,645 billion in debt would be converted. Its largest creditors included Novagroup and Diamond Properties. Issued shares faced a one-year transfer restriction.
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