Novaland CEO sells more than 10.63 million shares
Novaland CEO Dương Văn Bắc sold more than 10.63 million shares on November 2–3, about 67.3% of his previous holdings. His stake fell to 0.215%. The sale price was undisclosed; the transaction is estimated at about VND 107 billion based on the average price of negotiated trades during the period.
Dương Văn Bắc, a board member and CEO of Novaland Group (NVL), reported selling more than 10.63 million shares through negotiated trades on November 2–3 for personal reasons. The actual sale price was not disclosed. His holdings fell from nearly 15.8 million shares to more than 5.16 million, reducing his stake in the company from 0.657% to 0.215%. The sale represented about 67.3% of his previous holdings.
Dương Văn Bắc, CEO of Novaland Group.（VietVance）
Nearly 16.1 million NVL shares changed hands through negotiated trades over those two trading days, with a total value of nearly VND 162 billion. Based on the average price of negotiated trades during the period, Dương Văn Bắc’s transaction may be estimated at about VND 107 billion; that figure is not an actual transaction value he has disclosed. The sale followed his October 28 registration to sell shares.
During the same period, Bùi Cao Ngọc Quỳnh, daughter of founder Bùi Thành Nhơn, registered to buy 30 million NVL shares. Công ty Diamond Properties, which is associated with his family’s shareholder group, completed a purchase of 7 million shares on October 30. NVL shares have fluctuated around their par value since October. They closed at VND 10,850 per share on November 10, more than 20% below their level at the start of the year and nearly half their late April peak for the year.
Novaland recently set a target of more than VND 516.8 trillion in revenue from key project clusters by 2030 and expects them to generate more than VND 188.3 trillion in profit, with Aqua City and NovaWorld Phan Thiết expected to contribute the most. At the end of September, the group’s total debt stood at nearly VND 61.9 trillion, down VND 826 billion from the start of the year. In the first nine months of this year, the company recorded more than VND 10.2 trillion in net revenue and VND 2.874 trillion in after-tax profit; cash collected from the project clusters was nearly VND 6.3 trillion.
Source: VietVance
