**VIB Share Price Movement: Unraveling the Recent Surge in Trading Volume**
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According to the Ho Chi Minh City Stock Exchange, Quang Kim Investment and Development Joint Stock Company (Quang Kim JSC) has reported a purchase of 17.2 million VIB shares of Vietnam International Bank (VIB). The transaction took place on November 11th, 2024.
During the trading session on November 11th, the VIB share price fluctuated between 18,050 and 18,400 VND per share. Based on the average price of 18,225 VND per share, Quang Kim JSC is estimated to have spent approximately 313 billion VND on this transaction.
Prior to this transaction, Quang Kim JSC did not own any VIB shares. Following the purchase, the company has increased its ownership in VIB to 0.577%. Meanwhile, individuals related to Quang Kim JSC hold a significant number of VIB shares, totaling over 275.8 million, which corresponds to a 9.258% ownership stake. Combined, this group of shareholders owns more than 293 million VIB shares, equivalent to 9.836% of the bank’s charter capital.
According to the National Enterprise Registration Information Portal, Quang Kim JSC is a recently established company, founded on May 23, 2024, with its primary business being food trading. The company is headquartered at 25 Ly Thuong Kiet, Hoan Kiem, Hanoi, and is legally represented by Ms. Do Xuan Ha.
VIB’s 2024 semi-annual management report disclosed that Ms. Do Xuan Ha is the sister of Mr. Do Xuan Hoang, a member of VIB’s Board of Directors. At Quang Kim JSC, Mr. Do Xuan Thu, Mr. Hoang’s father, serves as the Chairman of the Board of Directors.
In a similar move, Unicap Joint Stock Company previously announced the successful purchase of nearly 67 million VIB shares during the trading session on September 24th, 2024. Prior to this transaction, Unicap did not own any VIB shares. It is estimated that the company invested approximately 1,200 billion VND to acquire a 2.241% stake in VIB.
Notably, according to the National Enterprise Registration Information Portal, Unicap Joint Stock Company was established on September 4, 2024, just one month before its significant purchase of VIB shares. The company’s main business activities include food wholesale, import-export rights, and trading. It is headquartered at Mê Linh Point Tower, 2 Ngo Duc Ke, Ben Nghe Ward, District 1, Ho Chi Minh City.
Unicap’s chartered capital is 100 billion VND. Mr. Dang Khac Cuong, a founding shareholder, holds 100,000 shares, equivalent to 1% of the capital. Ms. Nguyen Thuy Nga owns 49.5% of the capital, and Ms. Tong Ngoc My Tram owns the remaining 49.5%. Upon investigation, Mr. Dang Khac Cuong is currently a major shareholder at KAFI Securities. The Chairman of KAFI Securities is Mr. Le Quang Trung, who previously served as Vice General Director at VIB.
In other news related to VIB shares, Mr. Ho Van Long, Deputy General Director/Director of Finance at VIB, recently purchased 3 million VIB shares on November 8, 2024, through matching and agreement methods.
Following this transaction, Mr. Long has increased his holdings to 14.5 million VIB shares, representing 0.57% of VIB’s capital (excluding nearly 2 million bonus shares for existing shareholders at a ratio of 17% and 145,360 shares under the ESOP program awaiting allocation).
Additionally, Ms. Nguyen Minh Hue, Director of Legal Services for Operations and Corporate Governance and Authorized Information Disclosure Officer at VIB, has registered to purchase 100,000 VIB shares. The transaction is expected to be executed through matching and/or agreement methods between November 14 and November 29, 2024.
Previously, the strategic shareholder Commonwealth Bank of Australia (CBA) confirmed its divestment from VIB after two sales of shares with respective values of approximately 5% and 10% of the charter capital on September 24 and October 29, 2024. This reduced CBA’s ownership in VIB to around 5%. It is estimated that CBA has repatriated approximately 480 million AUD (approximately 8,000 billion VND at the current exchange rate) from these sales.
CBA stated that the divestment from VIB aligns with its strategy to focus on banking in the Australia and New Zealand regions. Notably, on September 24, 2024 (the date of CBA’s 5% divestment from VIB), Unicap Joint Stock Company announced that it had successfully acquired over 66.8 million VIB shares, increasing its ownership in the bank to 2.241%.
Who is the Woman Behind the 6-Month-Old Enterprise That Just Invested 300 Billion VND in VIB?
Quang Kim Investment and Development JSC, established on May 23, 2024, purchased 17.2 million VIB shares during the November 11 trading session. This substantial acquisition elevated the company’s holdings, along with those of its affiliated shareholder group, to a notable 9.836% stake in the bank’s capital. The legal representative of Quang Kim Investment and Development JSC is Ms. Do Xuan Ha, the sister of Mr. Do Xuan Hoang, who serves as a member of the board of directors of VIB Bank.
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