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Mr. Le Duy Hung – Chairman of the Board of Directors of Dua Fat |
Mr. Le Duy Hung, Chairman of the Board of Directors of Dua Fat, has once again been subject to a forced sale of his shares by a securities company. On September 3, approximately 6.35 million DFF shares were sold, reducing Mr. Hung’s holdings to 9.8 million shares, or 12.25% of the capital. Together with related parties, the related shareholder group now owns more than 17.5 million shares, equivalent to 21.91% of the capital, remaining the largest shareholder group in the Company.
The forced sale of shares belonging to the DFF Chairman has become a familiar occurrence. Since the middle of February 2025, Mr. Hung has had more than 4 million shares sold in just two sessions, causing his ownership ratio to drop from 47.18% to 42.15%. After a period of hiatus, at the end of August, forced sales took place consecutively for 10 sessions, with hundreds of thousands to millions of shares sold each session.
From the end of August to September 3, Mr. Hung had nearly 24 million shares sold in forced sales. If we count from the beginning of 2025, a total of nearly 28 million shares have been sold, equivalent to 34.93% of the charter capital.
This situation occurs against the backdrop of DFF shares being among the biggest losers in 2024, plunging by nearly 82.5%. The share price ended the year at just 1,700 VND per share, with a market capitalization of 136 billion VND. The sharpest decline occurred from July to August 2024, leading to forced sales for many company leaders.
In 2025, DFF shares continued to hit new lows, trading around 1,200-1,400 VND per share for several months. However, the shares unexpectedly rose to the ceiling price in 7 out of 8 recent sessions and continued to hover at the ceiling of 1,400 VND per share in the afternoon session of September 8, with a matching volume of nearly 1.1 million shares and a ceiling buy volume of nearly 30.9 million shares as of 13:40.
Liquidity during this period exceeded 2.2 million shares per session, 3.4 times higher than the average for the past year. The market price increased by nearly 17% after the consecutive ceiling-hitting sessions, although it still decreased by more than 39% over the year and was far from the historical peak of over 32,500 VND per share set in late 2021, equivalent to a decrease of 96%.
| Price Movement of DFF Shares on the Stock Exchange |
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In terms of business performance, DFF remains mired in losses. The company’s self-prepared financial statements for Q2 2025 showed a loss of over 203 billion VND, marking the eighth consecutive quarterly loss. Cumulative losses as of Q2 amounted to over 882 billion VND, exceeding the charter capital of 800 billion VND, despite a 32% increase in revenue to over 44 billion VND. The company attributed this to the challenging economic conditions, especially in the real estate market, which directly impacted its business operations.
– 14:58 08/09/2025
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