Market on the Rise, Leaders and Loved Ones “Stocking Up”

Investment Icapital becomes a major shareholder of HJS

Icapital Investment Corporation (HOSE: PTC) has purchased 3.25 million shares of Nam Mu Hydropower Joint Stock Company (HNX: HJS) from February 06-23, 2024, increasing its ownership in HJS from over 590 thousand shares (2.81% stake) to over 3.84 million shares (18.29% stake), officially becoming a major shareholder.

Notably, during the aforementioned period, only over 40 thousand HJS shares were traded, while there were 3 off-market transactions totaling nearly 3.25 million shares, worth over 116 billion VND.

Furthermore, according to the information disclosed up until February 28, it is likely that 2 out of 3 transactions, in which the seller is VIX Securities Joint Stock Company (HOSE: VIX), with 1.36 million shares on February 06 and 1.65 million shares on February 19, totaling over 3 million shares. Following these transactions, VIX reduced its ownership in HJS to over 1 million shares, equivalent to a 4.79% stake, and is no longer a major shareholder here.

FOX Board of Directors Member successfully purchases over 3 million CP

Ms. Chu Thi Thanh Ha – FOX Telecommunications Company’s (UPCoM: FOX) Member of the Board of Directors, has successfully purchased over 3.1 million FOX shares out of a total of over 3.4 million previously registered shares for restructuring assets and personal needs from January 30 to February 28, 2024.

After the transaction, Ms. Ha increased her ownership from nearly 94 thousand shares (0.02% stake) to exactly 3.2 million shares, equivalent to a 0.65% stake there. The remaining shares were not matched due to unsuitable market conditions.

On the other hand, HNT Joint Stock Company (HNX: HNT) sold 3.45 million FOX shares as previously registered from January 31 to February 21, 2024. After the transaction, its ownership in FPT Telecom decreased from 5.45 million shares (1.11% stake) to 2 million shares (0.41% stake).

In terms of the connection, HNT is an organization related to Ms. Ha, who currently owns a portion of the shares at HNT.

From January 31 to February 21, the market recorded 2.88 million FOX shares concluded in off-market transactions, with a total value of around 135 billion VND, equivalent to an average price of 46,800 VND/share.

Based on the average closing price during that period, it is estimated that HNT can earn up to 210 billion VND after divesting its stake at FOX. In contrast, Ms. Ha needs to spend over 145 billion VND.

Japanese partner continues to increase its ownership in Ha Tay Pharma

After successfully purchasing 8.4 million shares from Ha Tay Pharmaceutical Joint Stock Company (HNX: DHT), Japanese partner ASKA Pharmaceutical (ASKA) continues to register to buy more shares to increase its ownership percentage.

Specifically, during the period from January 23 to February 21, 2024, ASKA registered to buy 2 million DHT shares to increase its ownership percentage. However, at the end of the trading period, the pharmaceutical group only successfully purchased 910,600 shares, increasing its ownership from 32.56% to 33.67% (equivalent to over 27.7 million shares). The reason lies in the market price not meeting expectations.

Based on the average market price of 26,300 VND/share during that period, it is estimated that ASKA has spent 24 billion VND to purchase DHT shares.

Transimex continues to register to sell shares in Cholimex

Transimex Joint Stock Company (HOSE: TMS) continues to register to sell 500,000 shares, intending to reduce its ownership to 29.41% (equivalent to 25.4 million shares) in Cholimex Import Export and Investment Joint Stock Company (Cholimex, UPCoM: CLX). This is the second sale of the large shareholder in 2024.

The reason for Transimex selling Cholimex shares is to realize profits, supplement capital for potential investment projects in the company’s portfolio.

At the end of February 26 session, CLX shares closed at 14,500 VND/share. At this price, the value of TMS shares registered for sale is 7.2 billion VND. The company plans to execute the transaction from February 28 to March 28, 2024 via agreement or matching order.

In terms of connection, Mr. Bui Tuan Ngoc – Chairman of TMS BOD is currently Vice Chairman of CLX BOD; Mr. Le Duy Hiep – CLX BOD member is currently Vice Chairman of TMS.

Furthermore, CLX CEO Huynh An Trung also serves as a BOD member at both TMS and CLX. Similarly, Mr. Bui Minh Tuan (Mr. Ngoc’s brother) serves as a BOD member of both companies. TMS CFO Le Van Hung is a BKS member of CLX.

Thanh Tu