GKM Holdings welcomes new major shareholder, any connection with affiliated group of companies?

On February 2nd, Ms. Nguyen Thi Hoa officially assumed the position of major shareholder at GKM Holdings Joint Stock Company (HNX: GKM) after purchasing 178.5 thousand shares, raising her ownership stake to 5.04%. Recently, another individual with the same name has also emerged, closely associated with various business deals involving related company groups.

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Specifically, Ms. Nguyen Thi Hoa has purchased an additional 178.5 thousand shares of GKM, the transaction method and date of execution are not disclosed. After the deal, Ms. Hoa increased her ownership from over 1.4 million shares (equivalent to 4.47% ownership) to nearly 1.6 million shares (equivalent to 5.04% ownership), officially becoming a major shareholder.

This buying activity by shareholders takes place in the context of GKM’s stock price being in a downward trend. At the end of February 15, GKM’s stock price was 31,200 dong per share, which is 13% lower than the beginning of 2024 and 28% lower than the historical peak reached on July 3, 2023.

GKM stock in a downward trend

Recently, another individual named Nguyen Thi Hoa is one of the four individual investors participating in the private placement of nearly 6.5 million individual shares of TDG GLOBAL Investment Corporation (HOSE: TDG), scheduled to take place in the first two quarters of 2024.

Among the remaining three investors, Mr. Nguyen Ho Phuong and Mrs. Nguyen Thi Loi are the biological father and biological mother of Mr. Nguyen Ho Hung – Chairman of the Board of Directors of APG Securities Corporation (HOSE: APG). APG Securities is also the largest shareholder, directly owning 19.12% of the capital in GKM.

List of investors participating in the private placement of TDG

Source: TDG

With a selling price of 10,000 dong/share, the expected amount to be raised is 64.6 billion dong, aimed at investing in the BAC SON 2 Industrial Cluster project in Hong Vi hamlet, Chien Thang commune, Bac Son district, Lang Son province.

The private placement is believed to be related to capital mobilization for the establishment of Power Trade Joint Stock Company, which operates in real estate business and also has its address in Hong Vi hamlet, Chien Thang commune, Bac Son district, Lang Son province. Prior to this, in December 2023, the TDG Board of Directors approved an allocation of 6 billion dong – almost equivalent to the capital raised from the aforementioned private placement – to contribute capital to the establishment of Power Trade Joint Stock Company.

Notably, GKM – where Ms. Hoa has just become a major shareholder – is also listed as a shareholder contributing capital to the establishment of Power Trade, alongside TDG and three other shareholders including An Truong An Investment Joint Stock Company (UPCoM: ATG) and two individuals, Mr. Vo Qui Lam and Mrs. Tran Thanh Hang – individuals who also participated in the private placement of TDG shares mentioned above.

TDG has not yet raised capital in 2023 for investment in industrial clusters

Ms. Nguyen Thi Hoa is also an individual in the APG Capital shareholder group – a large shareholder group owning 20.02% of the capital in An Giang Import-Export Joint Stock Company (HOSE: AGM), who made a proposal for the Board of Directors of AGM for the term 2021-2025 on November 4, 2023. This shareholder group is represented by Mr. Nguyen Ho Hung.

Source: AGM

Huy Khai