NVL shares of Nova Real Estate Investment Group Corporation (Novaland), chaired by Mr. Bui Thanh Nhon, have been put on warning since September 23. HoSE said that Novaland was 15 days late in submitting its audited financial report for the 2024 semi-annual period compared to the prescribed deadline.

Previously, on September 10, HoSE announced that Novaland was 5 days late in submitting its audited semi-annual financial report for 2024, and NVL shares were listed as securities ineligible for margin.

On September 13, NovaGroup JSC, the largest shareholder of Novaland, announced the sale of 3 million NVL shares to balance investment and support debt restructuring. After the transaction, NovaGroup's ownership ratio at Novaland decreased from 346.9 million shares to 343.9 million shares (equivalent to 17.63%).

According to Novaland's Q2/2024 financial report, revenue reached VND 1,550 billion, an increase of more than 50% over the same period; profit after tax reached more than VND 945 billion, while in the same period, it lost more than VND 684 billion.

Accumulated revenue in the first 6 months of the year reached more than 2,248 billion VND, an increase of nearly 35% over the same period; profit after tax reached more than 344 billion VND, while in the same period, the loss was nearly 1,100 billion VND.

Novaland said the improved business situation was mainly due to increased financial revenue compared to the previous year.

In addition to the case of NVL, on this occasion, HoSE also put DLG shares of Duc Long Gia Lai Group Corporation and RDP of Rang Dong Holding Corporation under warning since September 23, due to the delay in publishing the audited financial report for the 2024 semi-annual period of more than 15 days compared to the regulation.

On August 30, Duc Long Gia Lai announced a postponement of the announcement of the audited separate and consolidated financial statements for 2024. The company said that on July 10, the Board of Directors issued a decision to select Chuan Viet Auditing and Consulting Company Limited as the unit to audit the financial statements in 2024.

At Rang Dong Holding JSC, HoSE also issued a document reminding about not yet announcing separate financial statements and semi-annual review of 2024.

At the end of the trading session on September 16, NVL shares reached 11,200 VND/share, DLG reached 1,840 VND/share, RDP reached 2,540 VND/share.

Mr. Nguyen Thien Tuan passed away, his wife inherited more than 450 billion VND worth of shares . Construction Development Investment Corporation (DIC Corp, code DIG) has just announced that Ms. Le Thi Ha Thanh inherited more than 20.75 million DIG shares from the late Chairman of the Board of Directors Nguyen Thien Tuan.