Mr. Le Xuan Son is no longer a shareholder of Joint Stock Company Logistics Portserco (HNX: PRC) after selling all 110,610 PRC shares in the session on May 13, reducing ownership from 9.22% to 0%. The transaction was made through a matching method, with a total value of more than VND 4.92 billion, averaging VND 44,500/share – 5% higher than the closing price of the session (VND 42,500/share – unadjusted price).
In the same session, PRC code witnessed a sharp decrease of 9.57%, almost touching the floor, after a series of 6 rising sessions, including 5 consecutive ceiling sessions from 05-09/05. After the adjustment session on May 13, the share price immediately returned to the ceiling throughout the next 6 sessions from 14-21/05. Compared to the price range of VND 10,000/share at the end of April, PRC price has increased by 185%. However, on May 22, the share price suddenly fell to the floor, and continued to lose another 3.46% on May 23.
Despite the market falling more than 19 points (-1.46%) by 9:30 am on May 26, PRC price surged 8.76% to VND 27,300/share – tripled in the past year.
| PRC’s soaring rise |
PRC’s consecutive ceiling price from the beginning of May. Source: VietstockFinance
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Regarding this fluctuation, PRC explained that the market reacted to the information that had been announced, related to the plan to issue shares from owner’s equity with a ratio of 12:19, equivalent to a bonus rate of 158.33%. At the same time, the Company expects to offer a maximum of 3.1 million shares to existing shareholders at a ratio of 1:1, priced at VND 11,500/share, to be implemented from Q4/2025 to Q4/2026. PRC affirmed that there is no inside information that has not been disclosed that could affect the fluctuation of share prices in the past period.
Regarding the results of the bonus share issuance, the Company successfully distributed nearly 1.9 million shares to 372 shareholders on May 15. The odd lot shares (151 shares) were canceled. After the issuance, PRC‘s charter capital increased to nearly VND 31 billion, which is the first time the capital has been increased in the past 17 years.
Regarding the transaction of PRC shares, Mr. Ton Hung Toan – Deputy Director of PRC also sold all 10,500 shares held from May 13-19, estimated to collect about VND 265 million, and is no longer a shareholder of the Company.
In the opposite direction, Mr. Nguyen Tat Long – Member of the Board of Directors of PRC registered to buy 120,000 shares from May 12 to June 10. Most of these shares coincide in time and quantity with the two selling transactions of Mr. Son and Mr. Toan, most likely an internal transfer transaction. However, the trading results have not been announced yet as the registration period has not ended.
PRC was established in 2002, headquartered in Da Nang, operating in the field of multimodal transport and maritime services, focusing on the Central – Highlands and Laos regions.
In Q1/2025, PRC‘s revenue reached nearly VND 32 billion and net profit was nearly VND 656 million, up 5% and 41%, respectively, over the same period last year. This result comes from investing in more means of transport since March 2025 and controlling operating costs well.
| PRC’s business results on a quarterly basis in the period of 2023-2024 |
PRC is expected to hold an extraordinary General Meeting of Shareholders in 2025 on June 23 in Da Nang city. The date of transaction without entitlement is May 26. The content of the meeting is within the competence of the General Meeting.
– 09:59 26/05/2025
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