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Novaland changes its legal representative. Accordingly, Mr. Duong Van Bac, Novaland's CEO, will become the company's sole legal representative, replacing Mr. Bui Thanh Nhon. Previously, the structure of the company's legal representatives consisted of three individuals: Mr. Bui Thanh Nhon - Chairman of the Board; Mr. Duong Van Bac - CEO; and Mr. Cao Tran Duy Nam - Deputy CEO. Mr. Bui Thanh Nhon is no longer the legal representative of Novaland. In addition, the latest enterprise registration certificate also shows that Novaland's charter capital has increased to VND 22,345 billion, after the company completed its bond-to-equity conversion issuance. At the annual general meeting of shareholders at the end of April, the Board approved the election of Mr. Bui Cao Nhat Quan, son of Mr. Bui Thanh Nhon, to hold the position of Chairman of the Board for the 2026-2031 term, replacing Mr. Bui Thanh Nhon. At the meeting, Novaland set a plan for 2026 net revenue of VND 22,715 billion, up 3.26 times from 2025 actuals, and after-tax profit of VND 1,852 billion. The company plans to deliver more than 2,600 products, issue more than 4,300 pink slips for projects in downtown Ho Chi Minh City. It will also launch more than 2,100 products. With land fund of over 2,400 hectares not yet developed, Novaland estimates that ongoing projects could bring potential cumulative revenue of over VND 470,000 billion by 2030. At the close of trading on April 12, Novaland's NVL stock fell nearly 3%, to VND 16,300 per share. Thus, in the first two weeks of May, the stock has fallen about 20%.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
