Former Novaland Chairman resigned from the Board of Directors after selling 15 million shares

No Va Real Estate Investment Group Joint Stock Company (Novaland, stock code: NVL) on February 22 announced the resignation as members of the Board of Directors of Mr. Bui Xuan and Ms. Hoang Thu Chau. 

In the application, Mr. Huy said that his resignation was to focus on expertise related to construction implementation, construction management and project implementation of the company as well as related work according to the company’s regulations. assignment. And  Ms. Chau said she does not participate in the Board of Directors Novaland to focus on management work at NovaGroup.

Mr. Bui Xuan Huy was born in 1972 and has been the General Director. Chairman of the Board of Directors of Novaland. In early February, NovaGroup founder Bui Thanh Nhon returned to the highest leadership position at Novaland to directly take the helm enterprise is in the restructuring phase, so Mr. Huy stops being chairman. p>

And Ms. Hoang Thu Chau, born in 1977, is currently the General Director of NovaGroup. Previously, Ms. Chau was also Deputy General Director of Novaland.

Coincidentally, before submitting his resignation letter, Mr. Huy and Ms. Chau had both just completed large sales stock NVL. Mr. Huy divested 15 million shares while Ms. Chau sold 2 million NVL units.

On the stock exchange on February 22, NVL shares fell to the floor at 12,000 VND. Novaland’s capitalization value is currently 23,400 billion VND and is no longer in the group of billion-dollar enterprises.