Chairman Nguyen Van Thien Becomes Major Shareholder Ahead of Xuan Thien Securities’ IPO

Just days before Xuan Thien Securities launched its initial public offering, Chairman Nguyen Van Thien disclosed his acquisition of a significant stake in the company, solidifying his position as a major shareholder.

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Xuan Thien Securities Corporation (XTSC) has announced the trading reports of its insider shareholders.

According to the reports, Chairman of the Board Le Huy Dung sold his entire stake of 2.7 million shares, equivalent to 20.03% of XTSC’s charter capital, leaving him with no remaining shares in the company.

Board member and CEO Ho Ngoc Bach also sold 1.42 million shares, reducing his ownership from 2.68 million shares (19.88%) to 1.26 million shares (9.33%).

Similarly, Board member Thai Kieu Huong sold 709,412 shares, decreasing her ownership from 2.04 million shares (15.13%) to 1.33 million shares (9.88%).

Additionally, Khang An Agriculture Trading Company sold its entire stake of 2.7 million shares, representing 20% of XTSC’s charter capital, and no longer holds any shares in the company.

All these transactions were executed on September 22, 2025, through transfer agreements.

On the buying side, Nguyen Van Thien, Chairman of Xuan Thien Group, reported purchasing 2.69 million shares, increasing his ownership to 19.93% of the charter capital and becoming a major shareholder of Xuan Thien Securities.

Furthermore, a related individual to Nguyen Van Thien currently holds 4.8 million shares, equivalent to 35.9% of XTSC’s capital.

Nguyen Tan Dung also reported buying 2.7 million shares, raising his ownership to 20% of the charter capital and becoming another major shareholder of XTSC.

Following these transactions, it is likely that Chairman Nguyen Van Thien and Nguyen Tan Dung will participate in Xuan Thien Securities’ rights issue for existing shareholders.

Specifically, on September 26, XTSC will finalize the shareholder list for the rights issue of 135 million shares (10 times the current outstanding shares). The rights ratio is 1:10, meaning shareholders holding 1 share will be entitled to purchase 10 new shares. The offering price is set at VND 10,000 per share.

The transfer period for the rights is from September 27 to October 8, 2025, with rights transferable only once. The subscription and payment period for the shares is from September 27 to October 15, 2025.

Upon completion of this issuance, Xuan Thien Securities’ charter capital will increase from VND 135 billion to VND 1,485 billion. The company plans to allocate the VND 1,350 billion raised as follows:

Source: XTSC

This is one of the two capital increase plans approved at the 2025 Annual General Meeting of Shareholders.

Regarding the other plan, Xuan Thien Securities also intends to issue 151.5 million shares privately to three strategic investors. However, according to a recent notice from the State Securities Commission dated September 11, the review of the offering file has been halted as the XTSC Board has decided to temporarily suspend this plan.

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