Haxaco JSC (Haxaco, stock code: HAX, on HoSE) has announced that the auction of a land lot in Vo Van Kiet Street, An Lac Ward, Binh Tan District, Ho Chi Minh City (old address) with a total area of 6,282.6 sq. m was unsuccessful.
The minimum transfer price for the land lot was set at VND 1,130.8 billion, equivalent to VND 180 million per sq. m.
According to the announcement by Vietnam Auction Joint Stock Company, Ho Chi Minh City Branch, by 5:00 PM on July 31, 2025, no customers had purchased the auction dossier and made the deposit as required.
As a result, the land lot will be put up for auction again at 9:00 AM on August 5, 2025.
In the consolidated financial statements for the second quarter of 2025, Haxaco recognized VND 542.2 billion in value from the transfer of the land use right of the above-mentioned land lot.
It is known that the initial area of the land lot was 5,798.1 sq. m, which was intended for the N&T Tower Apartment Project of N&T Investment Joint Stock Company and Mr. Bui Trung Quan. Haxaco purchased this land lot in 2022 for a maximum transfer value of VND 470 billion.
The purpose of Haxaco’s acquisition of this land was to develop a complex project of automobile business in combination with offices and high-class apartments.
Subsequently, in November 2024, the company continued to expand its land fund by purchasing an adjacent land lot with an area of 484.5 sq. m from Mr. Do Tien Dung – Chairman of the company’s Board of Directors, at a transaction value of nearly VND 72.7 billion.
In another development, Ms. Nguyen Thi Ngoc Bich – Member of the Board of Directors and General Director of Haxaco, has just registered to sell 650,000 HAX shares to restructure her investment portfolio. The transaction is expected to take place by matching and/or negotiated method from July 29, 2025, to August 27, 2025.
If the transaction is successful, Ms. Ngoc Bich will reduce her ownership of HAX shares from 675,018 shares to 25,018 shares, equivalent to a decrease in ownership ratio from 0.63% to 0.02%.
Previously, from July 22, 2025, to July 24, 2025, Ms. Nguyen Thi Thanh Hang – Chief Financial Officer and Accountant of Haxaco, successfully sold 150,000 HAX shares by matching method.
Before the transaction, Ms. Thanh Hang owned 155,406 HAX shares, equivalent to an ownership ratio of 0.14%. After the successful transaction, the number of shares decreased to 5,406 shares, equivalent to an ownership ratio of 0.01%.
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