Deep Discounts: Leaders and Relatives Affected by Forced Sale

22 April, 2025

Mother of BGE’s leader has sold all her shares

Ms. Do Thi In, the mother of Mr. Dong Hai Ha – Head of Supervisory Board of BCG Energy Joint Stock Company (UPCoM: BGE) sold all 2 million BGE shares she held, equivalent to 0.27% of the capital, on April 10th for personal needs.

Mr. Dong Hai Ha currently does not own any BGE shares but holds the position of Head of BGE’s Supervisory Board and also assumes a similar role at the parent group, Bamboo Capital (BCG), along with several subsidiary companies such as BCG Land, Tipharco, Tracodi E&C, and Phat Trien Nguyen Hoang. He also serves as Vice Chairman or Member of the Board of Members in various renewable energy companies within the ecosystem.

At the close of the trading session on April 10th, BGE’s share price stood at VND 3,500 per share. Calculated based on this price, Ms. In might have earned VND 7 billion.

Nearly 22.5 million DIG shares and 2.5 million PDR shares were sold for margin calls

On April 10th and 11th, the Chairman of the Board of Directors of Total Investment and Construction Joint Stock Company (HOSE: DIG), Mr. Nguyen Hung Cuong, along with two family members, Vice Chairman Ms. Nguyen Thi Thanh Huyen (sister) and Ms. Le Thi Ha Thanh (mother), had a total of nearly 22.5 million DIG shares sold by securities companies, equivalent to nearly 3.7% of the circulating DIG shares.

After the transaction, Mr. Cuong’s ownership in DIG decreased from over 82.7 million shares (13.56%) to nearly 65.1 million shares (10.67%). Ms. Huyen’s holding reduced from nearly 18.2 million shares (2.98%) to approximately 16.5 million shares (2.7%), while Ms. Thanh’s ownership went down from nearly 20.8 million shares (3.4%) to over 17.6 million shares (2.89%).

The margin calls on the Chairman’s family occurred after a period of sharp decline in DIG’s share price from the VND 20,000 per share region, with a recovery starting from the session on April 10th. As of the latest session (April 18th), DIG’s share price stood at VND 15,650 per share.

Chairman Nguyen Hung Cuong of DIG assured that in the future, his family will continue to be committed to DIG and increase their ownership, ensuring that they remain alongside other shareholders to develop the Company according to the commitments made.

Also related to margin calls but for PDR shares, on April 10th, the Chairman of the Board of Directors, Mr. Nguyen Van Dat, had more than 1.6 million shares sold by the securities company, reducing his ownership from over 334.7 million shares (38.34%) to more than 333 million shares (38.15%).

Not only Mr. Dat but also an organization named Phat Dat Holdings Joint Stock Company, of which Mr. Dat is the Chairman of the Board of Members, had 880,000 PDR shares sold for margin calls, decreasing its ownership from nearly 79.9 million shares (9.15%) to more than 79 million shares (9.05%).

Stock “halving” in a short period; the wife of TCD’s Chairman is about to have 1 million shares sold for margin calls

On April 14th, Everest Securities Joint Stock Company (HNX: EVS) announced its plan to sell 1 million shares of Tracodi Construction Group Joint Stock Company (HOSE: TCD) owned by Ms. Nguyen Xuan Lan, the wife of TCD’s Chairman, Mr. Nguyen Thanh Hung, for margin calls.

The margin call sale will be executed from April 15th to May 13th. EVS stated that, regardless of the issuance of this announcement, EVS reserves the right to consider halting the margin call sale of securities depending on market conditions and EVS’s regulations without making any public announcements. Additionally, the number of securities expected to be sold for margin calls is an estimate at the time of the announcement, and the actual number may be lower due to changes in market prices affecting the value of the collateral.

According to data as of December 31, 2024, from the 2024 Annual Report, Ms. Nguyen Xuan Lan directly held nearly 2.4 million TCD shares, equivalent to 0.71% of the capital. If based on this number of shares, after the margin call sale of 1 million shares, Ms. Lan will be left with approximately 1.4 million TCD shares, or 0.41%.

A Vuong Hydropower Board member intends to sell 2 million shares to his children

Mr. Dang Thanh Binh, a member of the Board of Directors of A Vuong Hydropower Joint Stock Company (UPCoM: AVC), registered to sell 2 million shares from April 17th to May 15th through a negotiated transaction.

During the same period, Ms. Dang Thi Lan Ngoc and Mr. Dang Ngoc Hoang, Mr. Binh’s two children, registered to purchase 1 million shares each. The purpose of all three transactions is to “buy through a negotiated transaction from a family member.”

Prior to the transaction, neither Ms. Ngoc nor Mr. Hoang was a shareholder of AVC. After the successful transaction, each will own 1.3% of the Company’s charter capital. Based on the closing price of VND 56,900 per share on April 15th, the transaction value is estimated at VND 114 billion, meaning each person needs to spend approximately VND 56.9 billion.

List of company leaders and relatives trading from April 14-18, 2025