Ms. Do Thi Minh Nguyet, the elder sister of Mr. Do Quang Hien (Bầu Hien), has successfully sold over 25 million SHB shares of the Joint Stock Commercial Bank for Investment and Development of Vietnam (SHB) through a negotiated deal. The transaction was executed between May 8 and May 9, 2024.
Prior to this sale, Ms. Nguyet registered to offload her entire holding of more than 25.73 million SHB shares, representing 0.711% of the bank’s charter capital.
Following the transaction, Ms. Nguyet no longer holds any shares in the bank. Based on the SHB share price of VND 11,750 per share on May 9, she earned over VND 279 billion from this sale.
Ms. Do Thi Minh Nguyet is one of two sisters of Mr. Do Quang Hien, Chairman of the Board of Directors of SHB. The other sister, Ms. Do Thi Thu Ha, holds 74.4 million SHB shares, equivalent to a 2.057% stake.
Chairman Do Quang Hien’s two sisters hold SHB shares.
On May 8, T&T Group Joint Stock Company registered to sell 74.5 million SHB shares. The expected transaction period is from May 13 to June 10, 2024, through either order matching or negotiated deals.
If successful, T&T Group will reduce its ownership in SHB from over 361.9 million shares (9.99% of capital) to over 287 million shares, representing a 7.94% stake. The purpose of this transaction is to “restructure the investment portfolio.”
In a contrasting move, at the end of April 2024, Mr. Do Quang Vinh, Vice Chairman of the Board of Directors and Deputy General Director of SHB, registered to purchase over 100 million shares of the bank between April 19 and May 17, 2024, for portfolio restructuring.
Prior to this transaction, Mr. Vinh held only 939,722 SHB shares, equivalent to a 0.026% stake. If the transaction is completed, the Vice Chairman of SHB will increase his ownership in the bank to 2.79%, holding over 101 million shares.
According to SHB’s 2023 governance report, Chairman Do Quang Hien currently owns 99.5 million SHB shares, representing a 2.75% stake. His other son, Mr. Do Vinh Quang, who does not hold a senior position at SHB, holds over 107 million SHB shares, equivalent to a 2.96% stake.
