Recently, Vicasa Steel Joint Stock Company – VNSteel (Stock Code: VCA, HoSE) announced a transaction of shares by insiders related to the company’s internal personnel.
Vietnam National Steel Corporation (VNSteel, Stock Code: TVN, UPCoM) has registered to sell nearly 9.9 million VCA shares, equivalent to a 65% stake in Vicasa Steel – VNSteel.
The transaction is expected to take place via public auction on the Hanoi Stock Exchange (HNX) from October 7, 2025, to October 30, 2025.
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The purpose of this transaction is to restructure VNSteel’s investment portfolio in line with the Restructuring Plan for the period up to 2025, as outlined in Decision No. 113/QĐ-VNS dated April 25, 2024, by the VNSteel Board of Directors.
If successful, VNSteel will no longer be the parent company of Vicasa Steel – VNSteel, as it will hold no VCA shares.
Previously, VNSteel announced a public auction of nearly 9.9 million VCA shares in batches, with a starting price of 12,790 VND per share, totaling approximately 126.3 billion VND for the entire batch.
In terms of business performance, Vicasa Steel – VNSteel reported a net revenue of over 884.5 billion VND in the first half of 2025, a 40.4% increase compared to the same period in 2024, according to the reviewed financial report.
After deducting taxes and fees, the post-tax profit reached nearly 2 billion VND, a 9.4% increase year-over-year.
As of June 30, 2025, the company’s total assets increased by 13.4% from the beginning of the year to nearly 363 billion VND. Inventory stood at over 200.8 billion VND, accounting for 55.3% of total assets, while short-term receivables were nearly 109.6 billion VND, representing 30.2% of total assets.
On the liabilities side, total payables reached over 168.7 billion VND, a 32.2% increase from the beginning of the year. Short-term loans and financial leases accounted for 115.6 billion VND, or 68.5% of total liabilities.
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