Insider Transactions in Vietnamese Companies

Mr. Nguyen Ho Hung Increases Stake in Securities

Mr. Nguyen Ho Hung, Chairman of the Board of Directors since 2013, has registered to buy additional securities for the second time this year. Previously, on May 31, Mr. Hung purchased 1 million shares, increasing his holding ratio to 5.27% and becoming a major shareholder.

Mr. Hung, born in 1970, has been at the helm of the company since 2013.

Mr. Dang Thanh Tam to Transfer KBC Capital to Related Enterprises

Mr. Dang Thanh Tam, Chairman of the Board of Directors of Kinh Bac Urban Development Corporation – JSC (KBC), has announced plans to transfer nearly 87 million KBC shares to DTT Investment and Development JSC in the form of capital contribution in shares.

The transaction is expected to take place from September 9 to October 8. Following the transaction, Mr. Tam will still own over 52 million KBC shares.

In June 2024, KBC announced the use of 10 million shares of Mr. Tam as collateral to fulfill the debt repayment obligation for the company’s loans in 2024. The guarantee period is calculated from the date of issuance of the loans from June 17 until all debt repayment obligations are completed.

Earlier, Mr. Tam had agreed to sell 25 million shares of Saigon Telecommunication Technology JSC (SGT) to DTT Investment and Development JSC from May 8 to 31. The estimated value of the transaction was over VND366 billion. Mr. Tam is currently the legal representative and director of DTT.

Mr. Le Viet Hai’s Brother Registers to Buy Half a Million Shares

Mr. Le Viet Hung, senior advisor of Hoa Binh Construction Group Corporation (HBC), has registered to buy 500,000 shares from August 8 to September 6, with the intention of adding to his investment portfolio. If the purchase is successful, Mr. Hung will hold nearly 1.4 million shares.

In addition to his position as advisor, Mr. Hung is also known as the brother of Chairman of the Board of Directors Le Viet Hai.

On September 6, over 347 million HBC shares will be officially delisted from the Ho Chi Minh City Stock Exchange (HoSE). By September 10, the Vietnam Securities Depository and Clearing Corporation (VSDC) will transfer the registration and depository data of HBC securities to UPCoM.

The reason for delisting is that Hoa Binh Construction’s total accumulated loss at the end of 2023 exceeds the actual contributed charter capital, which is a case of securities being forced to delist according to regulations.