Mr. Do Quang Vinh – Chairman of Saigon – Hanoi Securities Corporation (SHS).
According to the Hanoi Stock Exchange, Mr. Do Quang Vinh, Chairman of the Board of Directors of Saigon – Hanoi Securities Company (SHS), has registered to purchase 5 million SHS shares for personal portfolio restructuring purposes. The transaction is expected to take place from February 28th to March 28th.
Based on the closing price on February 23rd at 17,300 VND per share, Mr. Vinh will have to spend approximately 8.65 billion VND to acquire the registered shares. If successful, the number of shares Mr. Vinh holds will increase from 7.5 million units (equivalent to 0.92% of the charter capital) to 12.5 million units (accounting for 1.54% of the charter capital).
Mr. Do Quang Vinh is the eldest son of SHB Chairman Do Quang Hien. In addition to his position as Chairman of the Board of Directors, Mr. Vinh is also serving as Deputy Chairman and Deputy CEO of SHB Bank.
Regarding SHS shares, Mr. Le Dang Khoa, a Member of the Board of Directors of SHS, recently registered to sell 531,250 SHS shares from February 1st to March 1st. Ms. Nguyen Dieu Trinh, another Member of the Board of Directors of SHS, has also sold all 337,500 SHS shares she held on January 18th.
These transactions took place amidst SHS stock price remaining relatively stable over the past three months, with an average trading volume of 19 million units per session.
