Brewing a Fortune: Katinat Coffee Chain Owner Rakes in Hundreds of Billions After Share Sale
Ms. Truong Nguyen Thien Kim Sells 13.2 Million Shares of Vietcap Securities
Ms. Truong Nguyen Thien Kim, the person behind the Katinat coffee chain, has just sold all 13.2 million shares of Vietcap Securities (VCI), where her husband is a leader.
Ms. Truong Nguyen Thien Kim, wife of Mr. To Hai, member of the Board of Directors and General Director of Vietcap Securities JSC (VCI), has just announced that she sold more than 13.2 million VCI shares from September 4 to September 11 by negotiation and order matching.
After the transaction, Ms. Kim still holds more than 9.63 million shares, accounting for 2.18% of the company’s capital.
Provisionally calculated according to the stock price on September 11 at VND33,690/share, Ms. Kim can earn more than VND400 billion from this deal.
Ms. Kim’s husband, Mr. To Hai, currently owns 22.44% of the company’s capital.
Ms. Kim’s Business Interests
Ms. Kim is currently a member of the Board of Directors of International Milk JSC, a member of the Board of Supervisors of Mien Tay Bus Station JSC, and a member of the Board of Directors of Ben Thanh Trading and Service JSC.
In addition to her roles in these companies, Ms. Kim is also known as the person behind the Katinat coffee chain. According to data on the National Business Registration Portal, Katinat Café JSC has a charter capital of VND38 billion, of which Ms. Truong Nguyen Thien Kim holds 84.2% of the shares.
Katinat Coffee’s Charity Work
Recently, the Katinat coffee chain has been making a splash on social media with its charity work. The brand had initially planned to donate 1,000 VND for every cup of water sold at the system from September 12 to September 30 to support the North in overcoming the consequences of natural disasters.
However, the online community immediately reacted to this charity program, and the Katinat brand had to post an apology to customers on its fanpage.
Katinat Coffee has since announced that it has contributed 1 billion VND directly to the Central Committee of the Vietnam Fatherland Front – Central Relief Committee, instead of deducting and transferring each day based on the actual number of cups of water served as planned.