Why does Novaland offer 2 options for its 2025 business plan?

Novaland Real Estate Investment Group Joint Stock Company ( Novaland ) has just announced a presentation to the 2025 shareholders' meeting. Accordingly, Novaland has proposed 2 options. The 2025 net revenue plan according to option 1 is 13,411 billion VND, option 2 is 10,453 billion VND. The 2025 after-tax profit according to option 1 is a loss of 12 billion VND, option 2 is a loss of 688 billion VND.

Explaining these options, Novaland said that the factor that most affects Novaland's business results is still the progress of resolving legal problems in the project. Therefore, the two options for the 2025 plan proposed by Novaland are very cautious, based on two scenarios for legal resolution, one option in a more favorable situation and one option in a less favorable situation.

Novaland project in Phan Thiet

The reason for setting out two options is because Novaland always sticks to its business strategy, while looking straight at reality, and preparing for unfavorable factors, especially in the context of the real estate market still facing many difficulties and pressures as it is now.

Along with that, Novaland also presented to the Shareholders' Meeting a change in the Board of Directors. Accordingly, the resignation letter from the Board of Directors of Mr. Ng Tech Yow and the position of independent Board member of Ms. Nguyen Thi My Hanh was submitted for restructuring reasons as well as personal wishes.

Novaland will also submit to shareholders the cancellation of the plan to offer an additional 1.17 billion shares to existing shareholders and report on the implementation of other share issuance plans. The reason for the cancellation is due to the unsuitable situation of the stock market and finance, and the need to ensure the interests of shareholders.

The company also submitted to shareholders a plan to suspend the issuance of up to 200 million private shares to up to 5 professional securities investors. At the same time, it suspended the plan to issue shares under the 2023 employee stock option program (ESOP 2023)...

In another development, Novaland has just been removed from the warning list by the Ho Chi Minh City Stock Exchange since April 3. The reason is that Novaland has overcome the cause leading to the stock being warned according to the regulations of the Vietnam Stock Exchange. Previously, due to the delay in publishing the audited semi-annual financial report for 2024, which was more than 5 working days behind the prescribed deadline, Novaland was put on the warning list.

Source: https://nld.com.vn/vi-sao-novaland-dua-ra-2-phuong-an-cho-ke-hoach-kinh-doanh-2025-196250403191026353.htm