On March 17, Bui Cao Nhat Quan, son of Bui Thanh Nhon (Chairman of Novaland), announced plans to sell over 2.92 million NVL shares for personal reasons. Currently holding over 78.2 million shares, representing 4.012% of Novaland’s capital, his ownership would drop to 3.86% if the sale is successful. NVL shares were trading at 11,150 VND each, potentially generating around 32.6 billion VND from this transaction.
Novaland aims for a revenue of 21 trillion VND in 2025, with a net profit target of 1.4 trillion VND after recording a loss of 4.3 trillion VND in 2024. The company plans to transfer 12,500 apartments in 2026 and 6,900 in 2027. To achieve these objectives, Novaland will seek additional capital from financial institutions and proceeds from properties already sold.
Additionally, the company is preparing to launch two new projects in Ho Chi Minh City in 2025, pending legal approvals.
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