**Chairman of Hoang Quan Real Estate Purchases 2 Million Shares**
Truong Anh Tuan, Chairman of Hoang Quan Real Estate Consulting – Trading – Services Joint Stock Company (stock code: HQC, HoSE), has just reported the purchase of 2 million HQC shares via matched orders. The transaction was executed on April 26th.
On April 26th, HQC’s share price ended at VND 3,790 per share, with a matched order volume of 4.05 million shares. If we assume this was the price of the transaction, Mr. Tuan spent approximately VND 7.6 billion on this deal.
In a previously disclosed transaction registration announcement, Mr. Tuan stated that the purpose of this transaction was to serve his personal financial plan. After the transaction, the Chairman of Hoang Quan Real Estate increased his personal ownership ratio in the company to 0.34% of charter capital.
Chairman Truong Anh Tuan
Previously, Mr. Truong Anh Tuan had divested his entire stake in August 2023 by selling all 16.3 million HQC shares from August 9th to 11th through negotiated transactions. The market price during the three trading days fluctuated around VND 4,800 per share.
On the other hand, Nam Quan Investment Joint Stock Company also announced that it had sold 2 million HQC shares. Mr. Tuan’s daughter, Truong Nguyen Song Van, is currently Deputy General Director of Nam Quan Investment and a member of the HQC Board of Directors.
The transaction was executed through matched orders from March 29th to April 26th, with the aim of balancing the investment portfolio. After the transaction, Nam Quan Investment will no longer hold any HQC shares.
Currently, in Mr. Tuan’s family, his wife, Mrs. Nguyen Thi Dieu Phuong, Vice Chairman of the Board of Directors, owns only 6 shares, while his daughter, Ms. Truong Nguyen Song Van, Deputy General Director of HQC, does not own any shares.
Mr. Tuan’s younger brother, Mr. Truong Thai Son, a member of the Board of Directors, owns 572,281 shares, equivalent to 0.099%.
In May 2023, Mrs. Nguyen Thi Dieu Phuong also sold all 18 million HQC shares (equivalent to 3.82% of capital) that she owned.
Regarding business performance, according to the consolidated financial report for the first quarter of 2024, Hoang Quan Real Estate recorded a net revenue of only VND 13.3 billion, one-third of the same period last year. Gross profit reached VND 4.1 billion, a significant decrease compared to VND 7.4 billion in the first quarter of 2023.
As a result, Hoang Quan Real Estate reported a post-tax profit of VND 5.2 billion, an increase of VND 4 billion compared to the first quarter of 2023.
As of the end of the first quarter of 2023, Hoang Quan Real Estate’s total assets reached VND 10,368 billion, an increase of 42% after the first three months of the year. Of which, short-term accounts receivable increased by 1.6 times to VND 4,799 billion. Inventory increased by 2.3 times to VND 1,390.8 billion.
Short-term financial debt increased from over VND 61 billion to over VND 98 billion, and long-term debt arose by VND 1,167 billion. During the period, the company entered into 5 additional loans at HDBank, with the total value of new loans being nearly VND 1,265 billion.
Hoang Quan Real Estate has extended the date of its annual general meeting of shareholders to no later than June 30, 2024, due to the need for preparation time.
