According to the updated list, Commercial Investment Joint Stock Company Giang Sen owns nearly 80.3 million ACB shares, equivalent to 1.798% of capital. The group of related persons to this organization holds more than 228 million ACB shares, corresponding to 5.107%.
Next is Commercial Investment Joint Stock Company Bach Thanh, which holds more than 55.9 million ACB shares, equivalent to 1.252% of capital, and related persons hold 250.5 million shares (5.609%).
According to ACB‘s six-month management report for the first half of 2024, both Giang Sen and Bach Thanh organizations are related to Chairman of the Board of Directors, Tran Hung Huy.
Source: ACB six-month management report for the first half of 2024
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In the ratio announcement at the end of July, Mr. Huy owned more than 153 million ACB shares, holding over 3.4% of the capital. The group of shareholders related to Mr. Huy holds 8.218% of the capital in ACB, equivalent to more than 367 million shares.
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Shareholders owning 1% of ACB capital as of July 30, 2024
Source: ACB
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The next updated shareholder is International Education Village Joint Stock Company Thien Huong, which holds nearly 58.6 million ACB shares, equivalent to 1.311% of capital; related persons to this shareholder hold more than 107.7 million shares, equivalent to 2.412% of ACB capital.
International Education Village Joint Stock Company Thien Huong is an enterprise established in 2015 with Ms. Ngo Thu Thuy as Chairman and legal representative. Ms. Ngo Thu Thuy is also known as the Chairman of Au Lac Joint Stock Company.
The remaining two individual shareholders in the recently published list are Nguyen Thien Huong Jenny and Nguyen Duc Hieu Johnny – both children of Ms. Ngo Thu Thuy. Thus, if we include the shares of Thien Huong Village and Ms. Thuy’s two children, the total group holds more than 3.7% of ACB capital.
Specifically, Nguyen Thien Huong Jenny holds more than 60 million ACB shares (1.344%), and related persons own more than 113.8 million shares (2.55%). Meanwhile, Nguyen Duc Hieu Johnny owns over 47 million shares (1.069%), and related persons hold 126 million shares (2.823%).
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Shareholders owning 1% of ACB capital as of September 10, 2024
Source: ACB
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Previously, Au Lac Joint Stock Company and Ms. Ngo Thu Thuy had made headlines in relation to Eximbank as major shareholders. They later divested their holdings in Eximbank and shifted their investments to ACB.
Source: Au Lac’s Q2/2022 Financial Statement
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According to Au Lac’s Q2/2022 financial report, the company purchased more than 14 million ACB shares at a cost of over VND 365.5 billion. By the end of 2023, Au Lac had reduced its stake in ACB, holding only VND 79 billion in shares, which was just 22% of the initial investment value in ACB shares. In Q1/2024, Au Lac sold all its remaining ACB shares.
 Source: Au Lac’s Q1/2024 Financial Statement
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