In particular, Ms. Ta Thi Thanh Huong purchased 952 thousand shares of DS3 (8.92% stake) on February 19, 2024, thereby becoming a major shareholder in DS3. Prior to that, Ms. Huong did not hold any DS3 shares.
Also on February 19, but in the opposite direction, Mr. Pham Van Pha sold a nearly similar amount of 992.3 thousand shares of DS3 (9.3% stake), reducing his ownership from 14.05% to 4.75% and stepping down from the position of major shareholder.
Mr. Pham Van Pha is known as the former Chairman of the Board of Directors of DS3, who was sentenced to 30 years in prison in April 2023, for his involvement in a embezzlement case that took place at DS3. In addition to Mr. Pha, at that time, Director Do Cong Hao also received a 30-year prison sentence, Deputy Director Pham Van Chinh received a 19-year prison sentence, Planning Manager Ngo Thi Thu Lu received a 27-year prison sentence, Technical Deputy Director Nguyen Hai Anh and Lê Kim Hoa Company employee received 3-year suspended sentences. Also related to the case, Former Chairman of the People’s Committee of Ha Long City Pham Hong Ha was sentenced to 15 years in prison.
Returning to the development at DS3, during the above-mentioned reverse trading day, no negotiated transactions occurred with DS3 shares, while the total matched trading volume was over 1 million shares, with a total value of nearly 4.3 billion VND (average of 4,260 VND/share). Therefore, it is highly likely that the majority of the shares traded by these two individuals were matched with each other.
Based on the average price of the February 19 session, it is estimated that Ms. Huong spent nearly 4.1 billion VND while Mr. Pha earned over 4.2 billion VND from the transaction.
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DS3 had more than 1 million shares traded on February 19
Source: VietstockFinance
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In terms of business performance, DS3 recently experienced a recovery in the fourth quarter with net revenue of over 30 billion VND, 43 times higher than the same period last year. According to the company’s explanation, during the period, the new leadership team reorganized the personnel structure, while expanding into new business sectors and restructuring investment and long-term business cooperation.
In December 2023, DS3 transformed its model to eliminate subsidiary companies, after transferring 90% of the shares of An Phu Sugar Company Limited and divesting all capital in Halong Riverway JSC.
DS3 about to end multiple activities
After deducting cost price and expenses, DS3 recorded a net profit of over 14 billion VND, compared to a loss of more than 4 billion VND in the same period. Accumulated for the whole year, DS3 still suffered a net loss of 4 billion VND due to the heavy impact of the first three quarters, however, it is still an improvement compared to the 36 billion VND loss of the previous year.
| DS3’s financial performance from 2019-2023 |
