In a recent development, Mr. Nguyen Phan Trung Kien, the CEO of HBS, has registered to purchase 8 million HBS shares through a matching order. His objective is to increase his ownership stake in the company. If successful, Mr. Kien’s holdings in HBS will rise to 24.24% of the total capital, a significant increase from his current position.
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Mr. Nguyen Phan Trung Kien, born in 1982 in Ha Tinh province, holds a Bachelor’s degree in Mathematical Economics from the University of Rouen, France. He currently resides in Cau Giay district, Hanoi, Vietnam.
Mr. Kien has been in the spotlight recently due to his nomination as a member of the Board of Directors, replacing Mr. Le Tien Dung, who had previously submitted his resignation on August 7th.
HBS plans to send out ballots to shareholders on September 10th to seek their approval on this matter and will compile the results by September 30th.
Prior to his appointment as CEO of HBS on May 6, 2024, Mr. Kien briefly served as the company’s Deputy CEO from March to May 2024. Before joining HBS, he held several notable positions, including Deputy CEO at National Securities Joint Stock Company (from January 2022 to January 2023) and management roles at Fastgo Joint Stock Company (February 2018 to December 2021) and Oceanbank (March 2009 to December 2017).
Returning to Mr. Kien’s share purchase, based on HBS‘s closing price of VND 12,000 per share on August 26th, the total value of the transaction is estimated at VND 96 billion.
On the stock market, HBS has been witnessing a strong upward trend, with significant price increases and improved liquidity.
| HBS share price has been on a strong upward trend recently |
In another recent development, HBS announced that it will pay a 2023 cash dividend on September 12th. With a payout ratio of 20% (VND 2,000 per share) and approximately 33 million shares in circulation, the company is expected to distribute nearly VND 66 billion in dividends. Interestingly, the ex-dividend date was set as August 28th, which coincides with the start of Mr. Kien’s share purchase. As a result, he will not be eligible to receive this dividend payment if he completes the transaction as planned.
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