Novaland Appoints New Legal Representative
On May 23rd, Novaland Group, JSC (Novaland, HOSE: NVL) announced changes to its executive team. Specifically, Mr. Cao Tran Duy Nam, Deputy General Director, has been appointed as the company’s legal representative, effective May 22nd, 2025.
Mr. Cao Tran Duy Nam – Novaland’s New Legal Representative
This decision was made based on Resolution No. 24/2025-NQ.HĐQT-NVLG dated May 16th, 2025, by the Board of Directors, and the 71st Business Registration Certificate amendment dated May 22nd, 2025.
Currently, Novaland has three legal representatives: Mr. Bui Thanh Nhon, Chairman of the Board of Directors; Mr. Duong Van Bac, General Director; and Mr. Cao Tran Duy Nam, Deputy General Director.
Mr. Nam was appointed as Deputy General Director of Novaland in November 2024, just a month after Mr. Duong Van Bac took on the role of General Director. Mr. Nam holds a Bachelor’s degree in Corporate Finance from the University of Economics in Ho Chi Minh City. He joined Novaland in 2013 as Supply Director.
Prior to his appointment as Deputy General Director, he served as Director of the Bidding Supply Division from January 2022 to November 2024. In addition to his role at the parent company, Mr. Nam also serves as Chairman of the Board of Directors for several companies within Novaland’s ecosystem, including Nova TVĐ Maritime Industry JSC, Nova Industry Corporation, and Nova Electronics Industry JSC.
In the first quarter of 2025, Novaland recorded consolidated revenue of over VND 1,778 billion, 2.5 times higher than the same period last year. Gross profit increased significantly to VND 646 billion. However, the company incurred a net loss of over VND 443 billion due to financial losses and other expenses.
On the stock market, as of May 26th, 2025, Novaland’s share price (NVL) stood at VND 12,850 per share, reflecting a 58% increase compared to the closing price on April 9th, 2025.
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