Vietnam Container Joint Stock Company – Viconship (code VSC on the Ho Chi Minh City Stock Exchange), an affiliate of the Chairman of Green Port Joint Stock Company (code VGR on the Hanoi Stock Exchange), has recently made a significant move.
VSC has registered to sell over 6.3 million VGR shares from June 19 to July 18, 2025, aiming to reduce its ownership stake in the subsidiary. Prior to this transaction, Viconship was the parent company, holding over 47 million VGR shares, equivalent to 74.35% of the charter capital.
This sale comes immediately after Green Port sent a document to the Hanoi Stock Exchange (HNX) and the State Securities Commission of Vietnam (SSC) on May 15, announcing that it no longer meets the conditions of a public company as per Circular No. 19/2025/TT-BTC, issued on May 5, 2025.
At the close of the trading session on June 17, 2025, VGR’s stock price stood at VND 61,000 per share, unchanged for a week. Based on the current price, Viconship is estimated to reap approximately VND 386 billion from this divestment.
For the first quarter of 2025, VGR reported a 17.83% increase in after-tax profit, from VND 94.4 billion to over VND 111.25 billion. This growth was attributed to the port’s implementation of a new inland tariff structure, the full depreciation of certain fixed assets, and additional insurance proceeds from Typhoon Yagi.
As of February 17, 2025, VGR’s shareholder structure comprised: Viconship holding 47,025,000 shares (74.35%), Evergreen Marine Corporation owning 13,750,000 shares (21.74%), and other shareholders collectively holding 2,475,000 shares (3.91%).
Alongside this divestment, Viconship and its affiliated companies are pursuing a strategy to expand their domestic logistics presence. They have acquired 19,883,300 shares of Hai An Transport and Stevedoring Joint Stock Company (code HAH on Ho Chi Minh City Stock Exchange), equivalent to 15.3% of HAH’s capital, becoming the second largest shareholder group in this company.
