After the stock price manipulation scandal, TVC plans to buy 3.5 million TVB shares

After the scandals related to the stock price manipulation incident of the previous leadership, the operations of Tri Viet Asset Management (TVC) and Tri Viet Securities (TVB) are now facing many difficulties.

Tri Viet Asset Management (TVC) bought an additional 3.5 million shares of Tri Viet Securities (TVB) (Photo TL)

Recently, Tri Viet Asset Management Group (TVC) registered to buy 3.5 million TVB shares to increase its ownership from 61.8 million shares to 65.3 million shares (equivalent to 58.26%).

The transaction will be carried out from June 19, 2024 to July 18, 2024 by order matching or negotiation. According to the market price on the stock exchange at about VND 9,080/share, TVC will need to spend about VND 32 billion to buy more shares.

Regarding business activities, in the first quarter of 2024, TVB recorded revenue of VND 86.7 billion and profit after tax of VND 41.5 billion. The above results have almost completely recovered after difficult quarters in 2022 and 2023.

For TVC, in the first quarter, the unit recorded net revenue of VND90.2 billion while after-tax profit reached VND158.6 billion due to early profit-taking on some stocks in the investment portfolio. However, the company's operations are still affected by the fact that former leader - Mr. Pham Thanh Tung continues to be prosecuted for involvement in two cases of stock manipulation.

Source: https://www.congluan.vn/hau-lum-xum-thao-tung-gia-co-phieu-tvc-dinh-mua-35-trieu-co-phieu-tvb-post299285.html