Vietnam’s Novaland appoints Malaysian as new CEO

Novaland says will complete key projects Novaland’s appointment was made while the firm is struggling with woes and stepping up its efforts in restructuring. Bui Thanh Nhon has come back to Novaland as the board chairman, replacing Bui Xuan Huy. As per its restructuring plan, Novaland is trimming its executive board and changing several senior human resource positions. As per its restructuring plan, Novaland is trimming its executive board and changing several senior human resource positions. Accordingly, the firm will issue 1.95 billion NVL shares to its existing shareholders at the starting price of VND10,000 (US$0.42) apiece.