Chair of Egroup Nguyen Ngoc ThuyAt a Dialogue with VietNamNet on December 6, Nguyen Ngoc Thuy, Chair of Egroup, admitted that Apax English experienced overly hot growth. IBC shares of Apax Holdings on December 8 fell for the 12th consecutive session to VND6,580 per share. Novaland, owned by Bui Thanh Nhon, known as one of the leading enterprises in the real estate sector with super-projects across the country, has to undergo restructuring or it will collapse. Novaland has bought back VND1 trillion worth of bonds before maturity and mortgaged all the shares at Van Phat Real Estate and The Forest City for the $100 million loan from Credit Suisse AG. HPX prices have been decreasing to floor prices and have lost 80-90 percent of value within a short time.

Source: VietNamNet News December 14, 2022 02:34 UTC