Mr. Pham Nhat Vuong - Chairman of Vingroup Corporation (VIC) - has just sent a notice of registration for trading to the State Securities Commission and the Ho Chi Minh City Stock Exchange (HoSE).

Accordingly, Mr. Pham Nhat Vuong registered to transfer ownership of more than 87.5 million VIC shares of Vingroup Corporation, accounting for 2.26% of charter capital, to contribute to VinSpeed ​​High-speed Railway Investment and Development Joint Stock Company.

The ownership transfer transaction is expected to be carried out through the Vietnam Securities Depository and Clearing Corporation (VSDC) from June 24 to July 23. After the above transaction, Mr. Vuong will still hold more than 449.9 million VIC shares, accounting for 11.6% of Vingroup's charter capital.

At the end of the trading session on June 19, VIC shares were priced at VND89,400/share. The total value of more than 87.5 million VIC shares is more than VND7,800 billion.

Previously, Mr. Vuong transferred more than 48 million VIC shares to VinSpeed.

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Billionaire Pham Nhat Vuong.

Mr. Vuong is currently the Chairman of the Board of Directors and General Director of VinSpeed.

According to the announcement on June 18, Mr. Vuong also completed the transfer of ownership of more than 70.6 million VIC shares to contribute additional capital to VinEnergo, bringing the total number of VIC shares held at VinEnergo to 105.6 million shares, equivalent to 2.72% of Vingroup's charter capital.

Recently, Vingroup's VIC stock has increased sharply, from VND58,000/share to VND89,400/share as at present, equivalent to an increase of more than 54%. Vingroup currently has a capitalization of nearly VND342 trillion (about USD13 billion).

According to Forbes, as of June 19, Mr. Pham Nhat Vuong had assets worth 10 billion USD, ranked 285th in the world .

VinSpeed ​​High-Speed ​​Railway Investment and Development JSC was established in May to register to invest in the North-South high-speed railway project. This is a mega-project with an investment capital of about 61 billion USD, not including compensation costs, relocation support, and resettlement for site clearance. VinSpeed ​​said it would be responsible for arranging 20% ​​of the total investment capital of the project, equivalent to about 12 billion USD. VinSpeed ​​proposed to borrow the remaining 80% from the state without interest.

Billionaire Pham Nhat Vuong's assets have surpassed 10 billion USD for the first time, his wife is the 7th richest in Vietnam . Billionaire Pham Nhat Vuong's assets continue to increase dramatically, setting a new record high in the context of Vingroup's stock price increasing sharply.

Source: https://vietnamnet.vn/ty-phu-pham-nhat-vuong-gop-them-hon-7-800-ty-vao-cong-ty-lam-duong-sat-cao-toc-2413279.html