Ms. Dang Huynh Uc My, the younger sister of Mr. Dang Hong Anh, Vice Chairman of the Board of Directors of Saigon Thuong Tin Real Estate Joint Stock Company – TTC Land (code: SCR, on HoSE), has registered to sell all of her 110,419 SCR shares, equivalent to 0.028% of the Company, to restructure her investment portfolio.
The planned sale will take place between September 18 and October 17, through matched orders and/or order matching on the stock exchange.
On the market, SCR share price has just hit a two-year low. At the closing of the trading session on September 13, the share price temporarily stood at VND 5,390 per share, down 27% compared to the beginning of the year.
Based on this price, it is estimated that Ms. My could earn approximately VND 600 million from the above divestment.
Ms. Dang Huynh Uc My
Ms. Dang Huynh Uc My is the daughter of Mrs. Huynh Bich Ngoc and Mr. Dang Van Thanh, the founder of TTC Group.
Not long ago, this businesswoman also sold 70 million SBT shares of Thanh Thanh Cong – Bien Hoa Joint Stock Company (code: SBT) from July 12-26, reducing her ownership to 75 million shares, equivalent to 9.84%.
During that time, Ms. My was appointed as Chairman of the Board of Directors of SBT from July 13.
Recently, TTC Land announced that it had filed a lawsuit against Hoa Binh House Joint Stock Company, a subsidiary of Hoa Binh Construction Group Joint Stock Company (code: HBC), on August 16, to recover the site of the TTC Plaza Binh Thanh project at 26 Ung Van Khiem, Binh Thanh District, Ho Chi Minh City.
TTC Land stated that the lease contract between the two parties had ended on August 3 and that Hoa Binh House was responsible for handing over the leased premises to TTC Land on August 8. However, when TTC Land’s representative came to receive the handover, Hoa Binh House did not cooperate and failed to deliver the premises as agreed.
Notably, Mr. Dang Hong Anh, Vice Chairman of the Board of Directors of TTC Land, also used to be an Independent Member of the Board of Directors of Hoa Binh Construction Group in the 2019-2021 term.
Regarding business results, TTC Land has just explained the difference in post-inspection consolidated profit for the first half of 2024. Specifically, the Company’s post-tax profit in the reviewed financial statements was nearly VND 660 million, down 88% compared to the self-prepared financial statements. TTC Land attributed this significant change to differences in tax calculation between the auditor and the Company.
Compared to the same period last year, the Company’s profit decreased by 89%, which was explained by the decline in financial revenue and other income.
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The Ho Chi Minh City-based real estate company, Saigon Thuong Tin Real Estate Joint Stock Company (TTC Land), has announced that it is initiating procedures to reclaim the project site of TTC Plaza Binh Thanh. The site had been leased to Nha Hoa Binh Joint Stock Company, a subsidiary of Hoa Binh Construction Group Joint Stock Company (HBC) since 2018.
