The SSI Chairman’s Son Sells Shares, a Related Entity Buys In

According to a recent report, Mr. Nguyen Duy Linh, the son of SSI Securities' Chairman Nguyen Duy Hung, has sold 47 million SSI shares. This development has sparked interest among investors, given the significant volume of shares traded and the potential impact on the company's future direction. As we delve into this story, it is essential to recognize the influence that such transactions can have on the market and the intricate dynamics that shape the financial landscape.

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The above transactions took place between August 19 and 23. These shares represent 3.1% of the Company’s capital. After the transaction, Mr. Linh no longer holds any SSI shares.

During the period of Mr. Linh’s transactions, an entity related to Chairman Nguyen Duy Hung purchased shares. Specifically, NDH Investment Company bought 32 million SSI shares from August 21 to 23. Following this transaction, NDH Investment’s ownership in SSI increased to over 126.2 million shares, equivalent to 8.354% of the capital.

SSI shares witnessed large matching volumes on August 19, 21, and 23, totaling the registered transaction volume of Mr. Linh and NDH Investment. Thus, it is highly likely that this was a handover transaction from Mr. Linh to NDH Investment.

SSI Share Trading from August 19 to 23

Mr. Hung is the owner and Chairman of NDH Investment, and another of his sons, Mr. Nguyen Duy Khanh, is the CEO. Mr. Hung personally holds over 11.6 million SSI shares (0.773% of capital), and Mr. Khanh holds nearly 3.5 million shares (0.232%). In total, this group owns 141.4 million SSI shares, equivalent to 9.359% of the capital.

During the period of Mr. Linh’s sale, the closing price of SSI shares averaged nearly VND 33,000 per share. Mr. Linh’s transaction was valued at nearly VND 1,550 billion.

Regarding NDH Investment, their transaction was estimated at approximately VND 1,065 billion.

As of August 28, SSI is trading at VND 33,400 per share.

SSI Share Price Movement from the Beginning of 2024 until Now

Dong Tu

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