Novaland (NVL) has completed the transfer of shares in two major projects, Aqua City and Thạnh Mỹ Lợi B, in Q1 2025, bringing in a total of 2.6 trillion VND. Specifically, Novaland sold 19% of its stake in the Aqua City project investment company for 973 billion VND, reducing its ownership from nearly 70% to 51%. The 1,000ha Aqua City project is currently addressing legal issues to restart after a hiatus. Additionally, Novaland transferred 7.635% of its stake in No Va Mỹ Đình with a value of 1,641 billion VND, also reducing holdings in related companies. The company continues to record the difference in transfer value as profit. These projects are considered crucial for Novaland amid the current real estate market.
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