Mr. Nguyen Van Nghia
At the beginning of July, Thai Hung Co., Ltd. received approval from the People’s Committee of Thai Nguyen Province to convert more than 1.3 hectares of agricultural land, which the company had purchased from households and individuals, into commercial and service land for the development of the Aloha Mall Phu Luong project.
This will be the third Aloha Mall in Thai Nguyen Province and the 13th in the Aloha Mall chain.
Thai Hung Co., Ltd. was established in 2005. Mr. Le Khanh Thien (born in 1966) serves as the company’s director and legal representative. The company has a charter capital of VND 230 billion, of which Mr. Nguyen Van Nghia (born in 1963) from Phu Tho Province holds 86.52% ownership.
According to our information, Mr. Nguyen Van Nghia, born in 1963, used to be a member of the Board of Directors and Vice President of Prime Group, one of the leading manufacturers of ceramic tiles in Vietnam about a decade ago, holding the largest market share in the country at that time.
After Prime Group was acquired by the SCG Group (Thailand), Mr. Nghia continued to invest in the building materials industry and emerged as a major shareholder of several listed companies on the stock exchange.
Currently, Mr. Nguyen Van Nghia holds approximately 9.8 million LCG shares of Lizen Joint Stock Company (5.1% stake), nearly 21 million TIG shares of Thang Long Investment Group Joint Stock Company (10.78% stake), nearly 10.4 million AMS shares of AMECC Mechanical and Construction Joint Stock Company (17.3% stake), and over 10.2 million TCM shares of Thanh Cong Textile Garment Investment Trading Joint Stock Company (10% stake). The estimated value of these shares, based on current market prices, is about VND 1,000 billion.
At Thanh Cong Textile Garment Investment Trading Joint Stock Company (TCM), Mr. Nguyen Van Nghia became a major shareholder in September 2020 and a non-executive member of the Board of Directors in April 2021.
Since becoming a major shareholder, Mr. Nghia has acquired an additional 13 million TCM shares through registered purchases and bonus shares, increasing his total holdings to over 17 million shares (a 16.88% stake). As of July 2024, Mr. Nghia has sold 7 million TCM shares, reducing his ownership in TCM to nearly 10.2 million shares (a 10% stake).
Investors may recall the strong wave that TCM experienced from the end of October 2020 to the beginning of April 2021. With many consecutive ceiling sessions, TCM surged fivefold in just five months, reaching a historical peak of VND 120,000 per share (before adjustment).
Regarding Lizen Joint Stock Company (LCG), Mr. Nguyen Van Nghia announced that he had become a major shareholder in June 2019. After that, he continued to increase his ownership and officially joined the Board of Directors of LCG at the General Meeting of Shareholders held one year later.
During this period, LCG shares experienced a significant surge in price. At the end of March 2020, the share price of LCG was around VND 4,000 per share, and by early March 2021, it had reached VND 17,000 per share (before adjustment). In June 2023, Mr. Nghia sold 5 million LCG shares,
At Thang Long Investment Group Joint Stock Company (TIG), most of the shares held by Mr. Nghia were acquired during a private placement by the company. After the transaction, Mr. Nghia became a major shareholder of TIG.
Meanwhile, at AMECC Mechanical and Construction Joint Stock Company (AMS), Mr. Nghia is the Chairman of the Board of Directors and holds more than 17.3% of the company’s capital.
In addition, Mr. Nghia is currently a member of the Board of Directors of Savimex Economic Cooperation and Import-Export Joint Stock Company (SAV); Chairman of the Members’ Council of Thanh Long Trading Construction Transport Company Limited; and Chairman of the Board of Directors of Tasa Group Joint Stock Company.
Furthermore, Mr. Nghia holds a valuable portfolio worth hundreds of billions of VND in unlisted companies such as Tasa Group, Thai Hung, and Gemmy Wood.
Mr. Nghia also holds a significant stake worth hundreds of billions of VND in unlisted companies, including Tasa Group, Thai Hung, and Gemmy Wood.
Prime Minister Gives Go-Ahead for a Nearly VND 3,000 Billion Project to be Constructed by LIZEN Joint Venture
On Thursday, July 7th, Prime Minister Pham Minh Chinh inaugurated the construction of the Tan Phuc – Vong Phan Road Project (intersecting with DT.378) in Hung Yen. The event was attended by leaders from various ministries, central agencies, and local authorities.
The Billionaire Tycoon Behind the Aloha Mall Empire
As a major shareholder with a controlling stake in Thai Hung, the owner of the Aloha Mall supermarket chain, this businessman from Phu Tho remains inconspicuously behind the scenes. Instead, he is renowned in investment circles as a “shark,” adeptly navigating the stock market and holding thousands of billions of dong in shares.
