SHB Vice Chairman of Board of Directors only bought more than 25.7 million shares

Ho Chi Minh City Stock Exchange (HoSE) has just reported on the results of stock transactions of insiders and related persons of insiders of Saigon - Hanoi Commercial Joint Stock Bank ( SHB ).  

Accordingly, Mr. Do Quang Vinh - Vice Chairman of the Board of Directors and General Director of SHB, son of Mr. Do Quang Hien - Chairman of the Board of Directors of SHB, has only successfully purchased 25.73 million SHB shares by negotiation in 2 days, May 8 and May 9, 2024.

Previously, Mr. Vinh registered to buy 100.2 million SHB shares from April 19 to May 17, with the intention of increasing his ownership to 101.1 million shares, equivalent to 2.79% of capital. However, due to unfavorable market developments, the transaction was not completed.

Before the transaction, Mr. Hien's son was holding 939,722 SHB shares, equivalent to 0.026%. After the transaction, Mr. Do Quang Vinh increased his ownership to nearly 26.7 million shares, equivalent to 0.74% of capital.

SHB stock price movements in the past month (Photo: FireAnt).

According to SHB's 2023 management report, Chairman of the Board of Directors Do Quang Hien currently holds 99.5 million shares, equivalent to 2.750%, and another son of Mr. Hien, Mr. Do Vinh Quang, owns more than 107.2 million shares, equivalent to 2.963%.

Mr. Hien's two sisters, Ms. Do Thi Thu Ha, own 74.44 million SHB shares and Ms. Do Thi Minh Nguyet owns 25.73 million SHB shares.

However, on May 8 and 9, Ms. Do Thi Minh Nguyet successfully sold all of the more than 25.73 million SHB shares she was holding, equivalent to 0.711% of the bank's charter capital, by negotiation and transaction from May 8 to May 9, 2024.

After the transaction, Ms. Nguyet no longer holds any SHB shares, equivalent to divesting all capital from the bank. It is estimated that based on the market price of SHB shares at the closing time of May 9, which was 11,750 VND/share, Mr. Hien's sister has closed a profit of nearly 302.4 billion VND.

On the market, at the end of the trading session on May 21, SHB shares stopped at 11,850 VND/share with a trading volume of nearly 36.9 million units .

Source: https://www.nguoiduatin.vn/pho-chu-tich-hdqt-shb-chi-mua-duoc-hon-257-trieu-co-phieu-a664645.html