Shark Hung Completes Purchase of 2.3 Million CRE Shares

Vice Chairman of the Board of Directors of Cen Land, Shark Hung, has completed the purchase of over 2.3 million CRE shares, increasing his stake in the company to 3.36%.

On September 6, Mr. Pham Thanh Hung, also known as Shark Hung, announced the completion of the purchase of 2,306 million CRE shares, valued at VND 23,060 billion. This move follows his earlier announcement to buy 5 million CRE shares, but he explained that a change in his personal financial plan led to the reduced purchase.

As a result of this transaction, Shark Hung’s shareholding in Cen Land has increased from 13.2 million shares to 15.57 million shares, equivalent to 3.36% of the company’s shares.

The reason behind Shark Hung’s decision not to buy all the registered shares was attributed to a change in his personal financial plan.

Closing the trading session on September 6, CRE shares continued to decline in price, reaching 6,990 VND/share.

Cen Land’s CRE Stock Trading Chart (HoSE)

In related news, Cen Land announced that it had received a decision from the Ninh Kieu District People’s Court (Can Tho City) regarding a lawsuit. The court ruled that Dai Nam Son Construction Investment and Design Consulting Joint Stock Company must return VND62 billion to Cen Land, including the initial deposit and accrued interest.