Mrs. Kim, spouse of Mr. To Hai, who is a Member of the Board of Directors and CEO of VCI, intends to offload a significant portion of her holdings in the company. If the transaction is successful, Mrs. Kim’s stake in VCI will decrease from over 22.8 million shares (a 5.17% stake) to 9.6 million shares (a 2.18% stake). Meanwhile, Mr. To Hai holds a substantial 22.44% stake in the company.
Mr. To Hai and his wife, Mrs. Truong Nguyen Thien Kim
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On the stock market, VCI‘s share price has been on an upward trajectory since the beginning of August, climbing from the 40,000 VND per share range to the 48,000 VND per share range, representing a 20% increase in less than a month. Based on the current market price, Mrs. Kim could potentially pocket a minimum of 634 billion VND from this transaction.
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Share Price Movement of VCI from the Beginning of 2024 until Present |
Mrs. Truong Nguyen Thien Kim (born 1976), a native of Dalat, currently holds multiple leadership positions in various companies. She serves as the Chairman of the Board and CEO of D1 Concepts JSC, Chairman of the Board of Phê La JSC, and is a Member of the Board of Directors and CEO of Café Katinat JSC. Additionally, she is a Member of the Board of Directors at International Dairy Products JSC (UPCoM: IDP), an Independent Member of the Board of Directors at Ben Thanh Trade and Service JSC (HoSE: BTT), and a Member of the Supervisory Board at Western Bus Station JSC (HNX: WCS).
 The Katinat Saigon Kafe and Phê La coffee chains are expanding rapidly in Ho Chi Minh City.
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Mrs. Kim’s decision to offload a large number of shares comes shortly after VCI’s recent distribution of the first interim dividend for 2024 at a rate of 4% in cash (400 VND per share). The record date for this dividend was August 15, and the payment date was August 30, 2024. As a result, the couple, holding a combined 27.61% stake in VCI, is estimated to have received nearly 49 billion VND in dividends from this interim payout.
In terms of financial performance, VCI reported impressive results for the first half of 2024, with operating revenue surpassing 1.7 trillion VND and net profit reaching nearly 477 billion VND. These figures represent a 72% increase in revenue and a more than two-and-a-half fold surge in profit compared to the same period last year. The company’s proprietary trading and margin lending businesses were key contributors to this growth.
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Net Profit for the First Half of the Year for VCI from 2020 to 2024 |
