Novaland (NVL) Chairman-Linked Shareholders See 1.2M Shares Forcibly Sold

Overview

Two major shareholders linked to Novaland Chairman Bùi Thành Nhơn had nearly 1.2 million NVL shares forcibly sold by securities companies in April 2026. This reduces Diamond Properties’ stake to 7.61% and Nova Group’s stake to 21.98% of charter capital, following earlier disposals. The event underscores persistent financial stress among key insiders as the real estate developer pursues a recovery strategy.

Key Facts

• Diamond Properties JSC had 426,135 NVL shares forcibly sold on April 13, 2026, reducing its holding to over 170 million shares (7.61% of charter capital).
• Nova Group JSC had 760,956 NVL shares forcibly sold between April 10-13, 2026, reducing its holding to over 491 million shares (21.98% of charter capital).
• The total forced sale across both entities was nearly 1.2 million shares.
• This follows a prior forced sale of 31,069 NVL shares from Nova Group on March 20, 2026.
• Between March 17-19, 2026, Diamond Properties actively sold 930,800 NVL shares out of nearly 2.16 million registered shares due to a plan change.
• Novaland reported a 2025 net profit of approximately VND 1,861 billion, a turnaround from prior losses, and targets 2026 net revenue of VND 22,715 billion.
• NVL shares closed at VND 18,000 on April 15, 2026, up 2.63% with volume of 35.92 million shares.

What Happened

According to regulatory filings, two major shareholders linked to Novaland Chairman Bùi Thành Nhơn—Diamond Properties JSC and Nova Group JSC—had nearly 1.2 million NVL shares forcibly sold by securities companies in April 2026. Diamond Properties saw 426,135 shares sold on April 13, while Nova Group saw 760,956 shares sold between April 10-13. These forced sales, likely due to margin calls or collateral liquidation, reduced Diamond Properties’ stake to 7.61% and Nova Group’s stake to 21.98% of Novaland’s charter capital.

The article notes this follows earlier disposals: Nova Group had 31,069 shares forcibly sold on March 20, and Diamond Properties actively sold 930,800 shares between March 17-19 due to a plan change. The filings indicate these shareholders are directly related to Chairman Nhơn, highlighting financial pressures on key insiders. Novaland, in its corporate updates, has emphasized a recovery focus, with 2025 marking a turnaround to a net profit of VND 1,861 billion and a 2026 revenue target of VND 22,715 billion.

Market Context

Novaland (NVL) is listed on the Ho Chi Minh City Stock Exchange (HOSE). The stock closed at VND 18,000 on April 15, 2026, up 2.63% with high volume of 35.92 million shares, suggesting active trading amid the news. The real estate sector in Vietnam has faced headwinds from liquidity constraints and regulatory challenges, with Novaland among companies navigating debt restructuring and project delivery. This forced sale event adds to volatility, as it reflects underlying stress among major shareholders even as the company reports operational improvements.

Strategic Significance

For long-term investors, the forced sales signal ongoing financial fragility among Novaland’s core shareholder group, which could impact governance stability and future capital-raising efforts. While Novaland’s 2025 profit turnaround and ambitious 2026 targets suggest a recovery path, insider disposals—both forced and active—may weigh on market confidence. The reduction in stakes by Diamond Properties and Nova Group, entities tied to the chairman, could dilute insider control, potentially affecting strategic decisions in a sector where aligned leadership is critical for navigating complex project approvals and financing.

What to Watch

• Q2 2026 earnings release to assess progress toward the VND 22,715 billion revenue target and VND 1,852 billion net profit goal.
• Further shareholder disclosure filings for any additional forced sales or stake changes by Diamond Properties and Nova Group.
• Delivery of over 2,600 products in 2026, as planned, to gauge cash flow improvement and operational execution.
• Updates on debt restructuring and legal resolutions for projects like Lakeview City, which contributed to the 2025 profit turnaround.
• Overall sector sentiment and policy support from Vietnamese authorities for real estate liquidity and development.