Two Nova Group shareholders linked to Bùi Thành Nhơn forced to sell nearly 1.2 million Novaland shares

On April 13, Diamond Properties JSC was margin-called by a securities firm, selling 426,135 Novaland shares (NVL) and reducing its stake to just over 170 million shares, equivalent to 7.61% of charter capital.

From April 10 to 13, Nova Group JSC was also margin-called by a securities firm, selling 760,956 NVL shares and reducing its holding to over 491 million shares, equivalent to 21.98% of charter capital.

Together, the two companies accounted for nearly 1.2 million NVL shares margin-called.

Related shareholders and prior margin calls

The margin calls involve two shareholders related to Mr. Bùi Thành Nhơn, Chairman of the Board of Novaland.

Earlier, on March 20, NovaGroup was margin-called by a securities firm, selling 31,069 NVL shares.

From March 17 to 19, 2026, Diamond Properties sold actively 930,800 NVL shares out of about 2.16 million registered shares due to a change in plan.

2025 business performance and turnaround

In 2025, Novaland described its period as a turning point as activities gradually recovered. The company said it focused on strengthening its financial foundation, improving governance, and addressing legal obstacles across many projects. It also accelerated construction progress, prioritizing completion and handover of products to customers to improve cash flow and restore market confidence.

On results, Novaland reported consolidated net revenue for 2025 of VND 6,966 billion, down 23% from 2024. Net profit, however, turned around sharply, reaching around VND 1,861 billion for 2025. The company attributed the improvement to reversals and adjustments to provisions related to financial obligations at the Lakeview City project in Q4.

2026 targets and cash-flow focus

For 2026, Novaland targets net revenue of VND 22,715 billion, more than three times the 2025 figure, while maintaining net profit around VND 1,852 billion.

In 2026, the company said its priorities include stabilizing cash flow by accelerating product handovers, with a plan to deliver more than 2,600 units. It will also continue selling more than 2,100 products ready for market.

Long-term cash-flow potential

Over the longer term, Novaland said the total potential cash flow value from ongoing projects through 2030 could exceed VND 470,000 billion, which it said would form the foundation for recovery and sustainable growth in the coming years.