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Mr. Bùi Cao Nhật Quân, the son of founder Bùi Thành Nhơn, has been nominated to Novaland’s board of directors after taking over as chairman of the parent company NovaGroup. NovaGroup (NVL) recently released supplemental documents for its 2026 annual general meeting, listing three board nominees to fill seats due for renewal this year.
Among the nominees is Mr. Bùi Cao Nhật Quân, born in 1982. He is a graduate of Western Washington University with a business administration background and has more than 20 years of leadership experience. He currently serves as Chairman of the Novaland Executive Board.
The other nominees are:
Under the proposed arrangement, Mr. Bùi Thành Nhơn will continue to guide Novaland’s strategic direction. He will lead the long-term vision and accompany Novaland’s leadership in his role as Chairman of the committees on personnel and ESG strategy. He will also retain the Chairmanship of Nova Holding, the parent company that holds a controlling stake in NovaGroup.
In terms of ownership, Mr. Bùi Thành Nhơn currently owns 4.33% of NVL, while Mr. Bùi Cao Nhật Quân owns 3.37%. The total ownership by Nhơn’s family group stands at 39.79%.
Novaland’s 2026 shareholders meeting is scheduled for April 23. The company has set targets for 2026 of 22,715 billion dong in revenue and 1,852 billion dong in after-tax profit. The company noted the after-tax profit figure is down by about 0.5%, citing a higher interest-rate environment.
Operationally, management said the company will focus on stabilizing cash flow by delivering more than 2,600 units and selling more than 2,100 new units.
In a recent media briefing, Novaland’s management said the company has weathered its toughest period and that comprehensive restructuring is essentially complete. The company has set 2026 as the final year of corporate restructuring.
Management said Novaland will continue implementing measures including:
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