Novaland Corporation (NVL) announced transactions involving shares of shareholders connected to Chairman Bui Thanh Nhon. On May 30, 2025, Diamond Properties, managed by Nhon, successfully sold over 2.32 million NVL shares, reducing its ownership from 8.649% to 8.483%. Bui Thanh Nhon’s wife, Cao Thi Ngoc Suong, also sold 221,133 shares, decreasing her stake from 2.602% to 2.591%. In total, the two shareholders sold 3.45 million NVL shares. Additionally, Novaland revealed plans to issue 97.5 million ESOP shares, increasing its charter capital to 20.476 trillion VND. The aim is to recognize the contributions of management and encourage employee loyalty. CEO Duong Van Bac is expected to purchase 8.91 million shares in this issuance.
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