Ms. Cao Thi Ngoc Suong, wife of Novaland Chairman Bui Thanh Nhon, plans to sell 6.3 million NVL shares between 26/10 and 30/10 to meet personal needs. Her stake would fall from 51.83 million shares (2.16%) to about 45.53 million (1.89%). Meanwhile, Diamond Properties, a major shareholder in Mr. Nhon's ecosystem, has registered to buy 7 million shares to rebalance its portfolio, which would lift its stake to 7.72%. If both transactions proceed as planned, the family group's combined ownership would rise slightly to 39.78%, still close to the level at which it would lose veto power at Novaland. NVL closed at VND 10,750 on 21/10, 19.5% below the start of the year, while Novaland plans to offer more than 800 million shares to raise VND 8,000 billion for bond repayment.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Vợ ông Bùi Thành Nhơn đăng ký bán hơn 6 triệu cổ phiếu Novaland
Read the original on VnExpress ↗
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