Despite the market downturn in the past week, the market and many stocks are still maintaining relatively high prices compared to before Tet and the beginning of 2024. In this context, many business leaders have registered to sell the stocks they are holding.
Specifically, Mr. Nguyen Ngoc Quang, a Member of the Board of Directors of Hoa Phat Group JSC (stock code: HPG), has registered to sell 1 million HPG stocks from March 11th to April 9th through matching orders. The purpose is to serve personal financial needs.
If the transaction is successful, Mr. Quang will still hold about 102 million HPG stocks (equivalent to 1.77% of charter capital). Based on the current price of VND 30,300 per share, the estimated value of the stock lot is about VND 30.3 billion.
With the same purpose of serving personal financial needs, Mr. Cao Minh Hieu, a Member of the Board of Directors (who has submitted a resignation letter, pending approval from the General Shareholders’ Meeting) of Hung Thinh Incons JSC (stock code: HTN), has registered to sell 600,000 HTN stocks from March 11th to April 9th. In case of successful sale, Mr. Hieu will only hold a mere 48 HTN stocks (0.0001% of charter capital).
Meanwhile, HOSE stated that Ms. Nguyen Thi Hoa Le, a Member of the Board of Directors of Kien Giang Investment Consulting and Construction Group JSC (stock code: CKG), has successfully sold 309,999 CKG stocks from February 22nd to March 5th, reducing the ownership ratio to 0.42% of charter capital (equivalent to 400,000 units).
At the end of the trading session on March 8th, CKG stocks increased by 5.86% compared to the reference price, reaching VND 23,500 per share; while HTN stocks decreased by 3.35%, down to VND 15,850; and HPG stocks also dropped by 2.26%, down to VND 30,300.
However, compared to a month ago, CKG, HTN, and HPG stocks have all increased. Specifically, CKG increased by 12.9%, HTN increased by 6%, and HPG increased by 7.6%. As for the beginning of 2024, CKG stocks increased by 7.5%, HPG stocks increased by 8.4%, but HTN stocks decreased by nearly 1%.
