Novaland Group (Novaland, stock code NVL) has disclosed the trading results of its insiders and related parties of the NovaGroup.
Specifically, Ms. Bui Cao Ngoc Quynh, daughter of Chairman Bui Thanh Nhon, sold 7.8 million NVL shares (out of over 84 million registered shares). The trading method was order matching, with the trading period from May 30 to June 13, 2025.
NovaGroup also sold nearly 3.5 million shares (out of 3.9 million registered shares). The transaction was carried out through order matching, from May 19 to June 13, 2025.
Earlier, on May 30, 2025, Diamond Properties successfully sold 3.2 million NVL shares as registered, to balance its investment portfolio and support debt restructuring. The transaction was carried out through order matching.
Individuals, Ms. Cao Thi Ngoc Suong and Mr. Bui Cao Nhat Quan, also sold 221,133 and 2.9 million NVL shares, respectively, through order matching in May 2025.
This move is part of a strategy to support debt restructuring, with major shareholders registering to sell 18.7 million NVL shares.
In the market, NVL is on an upward trend. The share price has doubled since its low in early April 2025. Currently, NVL is trading at VND 15,450/share.
NVL’s upward momentum has been partly supported by news that the FTSE Vietnam Swap UCITS ETF (with a scale of $261.4 million) may purchase about 13 million NVL shares during the portfolio restructuring period.
Additionally, the Company will soon hold an extraordinary general meeting on July 8. At the meeting, Novaland will present a proposal to issue shares to settle debts with two major shareholders related to Chairman Bui Thanh Nhon – NovaGroup JSC and Diamond Properties JSC. The specific number of shares to be issued has not been announced. According to Novaland, this is a solution to repay shareholders who have sold collateralized assets to support the company through difficult times, especially related to loans and bonds falling due.
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