The Unexpected Move of Top Business Leaders

Ahead of the shareholder meeting

Mr. Nguyen Tan Danh, Vice Chairman of the Board of Directors of Phat Dat Real Estate Development Joint Stock Company, has registered to sell nearly 3.4 million PDR shares from June 12 to July 11 due to personal financial needs. It is estimated that Mr. Danh could raise nearly VND 61 billion if he sells all the registered shares.

Mr. Danh has been a member of the PDR Board of Directors since 2022. He is the son of Mr. Nguyen Van Dat, Chairman of the Board of Directors of Phat Dat Real Estate Development Company.

In addition to his position at Phat Dat Real Estate, Mr. Danh is the Chairman of the Board of Directors of Filmore Real Estate Development Joint Stock Company and a member of the Board of Directors of AKYN Hotel Investment and Management Joint Stock Company.

Mr. Danh’s move comes ahead of PDR’s annual general meeting of shareholders on June 27. At the meeting, Phat Dat Real Estate Development is expected to present the 2025 business plan to shareholders, with a target of VND 3,200 billion in total revenue and VND 907 billion in pre-tax profit.

Prior to Mr. Danh, Mr. Bui Quang Anh Vu, a member of the Board of Directors and General Director of PDR, also divested more than 1.4 million shares he held to address financial needs. Mr. Vu stated that the sold shares were ESOP shares that he had received previously, and the proceeds were used to purchase PDR’s products.

Another member of the PDR Board of Directors, Mr. Le Quang Phuc, sold 240,000 shares in March 2025, reducing his ownership to 0.08%.

On June 9, Haiphong Securities Joint Stock Company (Haseco – stock code: HAC) announced that Mr. Tran Anh Duc, Mr. Dao Son Tung, and Mr. Vu Hoang Viet are no longer major shareholders after selling all their held shares, totaling 61.24% of HAC’s charter capital.

Specifically, Mr. Tran Anh Duc sold all of his more than 5.8 million shares (equivalent to 19.94% of capital), Mr. Dao Son Tung sold nearly 4.8 million shares (16.43% of capital), and Mr. Vu Hoang Viet sold nearly 7.3 million shares (equivalent to 24.87% of HAC’s charter capital). The transactions were executed on June 6.

The divestment transactions of the three shareholders mentioned above took place as the date of the 2025 annual general meeting of shareholders approached, scheduled for June 26.

At the meeting, HAC plans to present to shareholders the 2025 targets for total revenue and pre-tax profit of over VND 72 billion and over VND 4.1 billion, respectively, increasing by 12% and 49% compared to the previous year’s performance.

HAC also intends to propose not paying dividends for 2024 and 2025. The company seeks shareholder approval for the private placement of 100 million shares to professional securities investors, thereby increasing its charter capital from nearly VND 292 billion to nearly VND 1,292 billion, or a fourfold increase.

“Roof-top” companies race to sell shares

Vietnam Export Import Commercial Joint Stock Company (stock code: VPG) has just reported on the trading results of related persons of insiders.

Accordingly, Ms. Vu Thi Ha, wife of Mr. Chu Tuan Anh, a member of the Board of Directors of VPG, sold 132,200 VPG shares, reducing her ownership to 0% for personal spending purposes. It is estimated that Ms. Ha earned about VND 1 billion from this divestment.

In the stock market, VPG shares have been continuously falling, with the fifth consecutive session hitting the floor price. At the end of the trading session on June 9, VPG shares were trading at around VND 8,380 per share.

The price of VPG shares plummeted after news broke that Mr. Nguyen Van Binh, Chairman of the Board of Directors of VPG, was prosecuted by the Police Agency for Corruption, Economy, and Smuggling (C03) under the Ministry of Public Security on charges of “Offering bribes”. In this case, Mr. Nguyen Van Duc, General Director of VPG, was also prosecuted for the same offense.

These individuals are related to a criminal case involving the Vietnam-China Mineral and Metallurgy Company and several other units.

Immediately after Mr. Binh’s prosecution, Vietnam Export Import made changes to its senior management. Specifically, Mr. Nguyen Van Binh was dismissed from the position of Chairman of the Board of Directors, and Mrs. Le Thi Thanh Le, Mr. Binh’s wife and a member of the Board of Directors and Vice General Director of VPG, was appointed as the new Chairman of the Board of Directors for the 2022-2027 term, effective from June 3.

Similarly, Mrs. Tran Thi Quynh Nhu, wife of Mr. Nguyen Van Ngoc, a member of the Board of Directors of Construction Corporation No. 1 (stock code: CC1), registered to sell more than 4.9 million CC1 shares from June 9 to July 8 due to portfolio restructuring.

If the transaction is successful, Mrs. Nhu’s ownership will decrease to 0.17% of capital, equivalent to 611,927 CC1 shares. It is estimated that Mrs. Nhu could raise more than VND 106 billion from this transaction.

Notably, Mr. Ngoc was recently elected to the Board of Directors of CC1 at the 2025 annual general meeting of shareholders to replace Mr. Phan Van Chinh, who had previously submitted a resignation letter.