Major shareholders massively sold nearly 19 million shares, what's happening at Novaland?

Besides major shareholders including NovaGroup, 3 internal shareholders of Novaland who are members of Mr. Bui Thanh Nhon's family also registered to sell a total of nearly 11.6 million NVL shares for personal reasons - Photo: NVL

On May 12, Novaland (stock code NVL) made a series of announcements about nearly 19 million NVL shares being registered for sale by 5 major shareholders of Novaland.

Novaland internal shareholders "dump" nearly 19 million NVL shares

Notably, NovaGroup - the largest shareholder of Novaland has just registered to sell 3,936,650 NVL shares from May 16 to June 13, 2025. The purpose is to balance the investment portfolio and support debt restructuring.

If the transaction is successful, NovaGroup's ownership ratio at Novaland will decrease from 17.373% to 17.171%, with an estimated transaction value of nearly VND 39.4 billion.

Another major shareholder, Diamond Properties, also registered to sell 3,230,517 NVL shares for the same purpose. After the transaction, Diamond Properties still holds nearly 165,430,470 NVL shares, equivalent to an ownership ratio of 8.483%, with an estimated transaction value of VND32.3 billion.

Notably, in this sale registration, there are also 3 shareholders belonging to the group of internal shareholders, all of whom are family members of Mr. Bui Thanh Nhon - Chairman of the Board of Directors of Novaland, including Mr. Bui Cao Nhat Quan (son of Mr. Bui Thanh Nhon), Ms. Bui Cao Ngoc Quynh (daughter of Mr. Nhon) and Ms. Cao Thi Ngoc Suong (wife of Mr. Nhon), registered to sell a total of 11,586,476 shares for personal reasons.

After the transaction, the ownership ratio of these 3 shareholders will decrease to 6.818% of capital.

If the transaction is successful, it is expected that Mr. Bui Cao Nhat Quan will earn more than 29 billion VND, Ms. Bui Cao Ngoc Quynh will earn more than 84 billion VND, and Ms. Cao Thi Ngoc Suong will earn more than 2,211 billion VND.

Novaland says "no escape"

In response to the continuous stock sales from major shareholders, Novaland said that the stock sales of the two major shareholders, NovaGroup and Diamond Properties, demonstrated the spirit of commitment to provide financial support to Novaland when necessary, to help Novaland pay off debts when due and help Novaland maintain continuous operations.

Responding to the massive selling of shares by major shareholders, including family members of Novaland's chairman, Novaland's board of directors affirmed that "there was no exodus".

Novaland said the above moves are mainly supporting the restructuring of the company's debts, in the context that Novaland is making efforts to complete the restructuring, resolve debts and realize the rights of related parties.

In the stock market, despite selling pressure from large shareholders, NVL shares are recovering. At the end of the morning session on May 12, NVL's market price stopped at VND 12,450/share.

What does Novaland say about the billion-dollar debt settlement roadmap?

Regarding the debt restructuring roadmap, Novaland's board of directors said that most loans and bond debts will be handled from the end of 2026 - 2027.

Specifically, for domestic loans, the restructuring has been largely completed in the direction of extending the repayment period, and banks and credit institutions have also agreed to provide nearly VND 18,200 billion in credit limits for the group to continue investing in construction, handing over and collecting money from projects.

For foreign loans and bonds, the group has plans or is in the process of negotiating to arrange maturing loans, as well as restructuring and extension agreements from 2025 to 2026 - 2027.

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Source: https://tuoitre.vn/co-dong-lon-o-at-ban-gan-19-trieu-co-phieu-chuyen-gi-dang-xay-ra-o-novaland-20250512134044248.htm