In a recent update, Mr. Nguyen The Tai, Chairman of the Board of Directors of HTC Holding JSC (stock code: CET – HNX), has registered to sell his entire holding of 650,000 CET shares, equivalent to a 10% ownership stake. The transaction is expected to take place between September 25 and October 23, utilizing both agreement and order-matching methods.
Simultaneously, two other individuals, Mr. Tran Hoang Anh Tuan, Vice Chairman of CET’s Board of Directors, and his father, Mr. Tran Hoang Cuong, have also registered to sell their entire holdings of 1.04 million and 0.97 million CET shares, respectively, during the same period and using the same trading methods.
Amid this leadership divestment, CET has experienced further changes in its executive team. On September 19, two members of the Board of Directors for the 2023-2028 term, Mr. Do Van Dat and Ms. Ha Le Thuy Vy, submitted their resignations citing personal reasons.
Notably, the leadership has capitalized on CET’s recent surge, selling shares as the stock hit its highest level in eight years. From a starting price of VND 4,800 per share in early September, CET’s stock price skyrocketed to VND 12,400 per share by September 24, marking a 2.5x increase in less than a month.
Alongside the price surge, trading volume has also become more vibrant and significantly improved. From sessions with only a few hundred shares traded, or even no trading activity, CET has seen sessions with hundreds of thousands of shares changing hands.
HTC Holding, originally established in October 2009 as Tech – Vina JSC with an initial capital of VND 3 billion, specializes in the production of natural flavor extracts, distilled flavoring water, and wholesale trade of agricultural and forestry raw materials (excluding wood, bamboo, and rattan) and live animals.
The company’s flagship product, cinnamon essential oil, is produced at its factory in Lao Cai province. Cinnamon branches, bark, and leaves are sourced from over 8,000 farming households across a 5,000-hectare raw material area, then transported and processed into essential oil. As of now, CET’s chartered capital stands at VND 60.5 billion.
CET’s business performance has been less than promising. In Q2/2025, revenue was recorded at VND 10 billion, a 19% decrease compared to the same period last year. The company reported a post-tax loss of VND 75 million due to a sharp rise in raw material costs.
What’s Happening: Chairman Sells Off All Shares, Mass Leadership Resignations Rock Company
Notably, leaders seized the opportunity to sell off shares as the stock price consistently surged to its upper limit, climbing to its highest peak in the past 8 years.
Leadership and Insiders Rush to Offload Shares Amid CET’s Shocking Surge
The Chairman and Vice Chairman of HTC Holding Corporation (HNX: CET) have announced their intention to fully divest from the company, amidst a surge in share prices reaching their highest point since 2017. Historically, CET has experienced several dramatic price spikes followed by sharp declines.
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