Considering the closing price of VND 15,450/share on 08/05, it is estimated that AFC VF Limited has earned approximately VND 7.4 billion. Notably, this was also the session in which HAX’s market price plummeted by 6.65%, accompanied by abnormal liquidity with more than 15.9 million shares matched. Prior to this, the share price had witnessed a strong recovery after the tariff shock in early April, advancing to a 3-year high.
| HAX share price has experienced significant fluctuations lately |
Recently, HAX has witnessed sessions with large price ranges and gradually increasing liquidity in the latter part of July and early August, surrounding the news of an unsuccessful auction of a 6,300 sq. m plot on Vo Van Kiet Street, as no investors registered to participate before the deadline of 5:00 pm on July 31, 2025.
According to the plan approved by the General Meeting of Shareholders through written opinions in May 2025, the starting price of the land plot was expected to be no lower than VND 180 million/sq. m, equivalent to a total minimum value of approximately VND 1,131 billion.
This land plot was acquired by HAX through two purchases. In 2022, the company spent approximately VND 470 billion to purchase 5,800 sq. m, corresponding to a price of about VND 81 million/sq. m, from N&T Investment Joint Stock Company and Mr. Bui Trung Quan. Recently, HAX continued to spend nearly VND 73 billion to buy the remaining 500 sq. m from Mr. Do Tien Dung – Chairman of the Board of Directors of HAX, at a price of about VND 150 million/sq. m. The land plot boasts an 85-meter-wide frontage on the large Vo Van Kiet Street.
Not only AFC VF Limited but also a series of other shareholders have carried out sale transactions to reduce ownership in HAX. Most recently, PYN Elite Fund (Non-Ucits) from Finland sold 600,000 shares on July 29, reducing its ownership from over 11.9 million shares (a rate of 11.1%) to over 11.3 million shares (a rate of 10.54%).
Earlier, in July, a series of leaders, including Board member Tran Van My, Chief Financial Officer cum Chief Accountant Nguyen Thi Thanh Hang, Deputy General Director Tran Quoc Hai, Member of the Board of Directors cum General Director Nguyen Thi Ngoc Bich, and the Chairman’s sister, Ms. Do Ngoc Oanh, successively sold a large number of shares.
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A series of HAX shareholders reduced their holdings in the recent period
Source: VietstockFinance
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– 11:25 11/08/2025
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