City Auto Corporation (HoSE: CTF) has recently reported the sale of shares by a relative of its Chairman, Tran Ngoc Dan. Specifically, Nguyen Van Thanh, the brother-in-law of Mr. Dan, sold 217,145 CTF shares out of the 300,000 shares he registered, through a negotiated transaction on September 22. This reduced his ownership stake from 2.68% to 2.45% of the company’s charter capital. At the market price of VND 20,400 per share on September 22, Mr. Thanh is estimated to have earned VND 4.43 billion from the sale.
Previously, Tan Thanh Do Group Corporation, chaired by Mr. Dan, had registered to purchase 3 million shares but did not execute the transaction between August 28 and September 26 due to changes in investment plans. As a result, the company maintains its 15.21% stake in City Auto’s charter capital.
Similarly, Tran Lam, a Board Member and son of the Chairman, failed to acquire the 2.4 million shares he registered to purchase from September 5 to October 3. He continues to hold an 8.4% stake in the company.
In the first half of 2025, City Auto recorded revenue of VND 4,095 billion, a 23% increase year-over-year, with a net profit of VND 4 billion. The gross profit margin improved from 5% to 6%, driven by cost optimization and enhanced operational efficiency.
The company aims to maintain its leading position in the distribution of Ford, Hyundai, and Volkswagen vehicles in Vietnam. It also plans to expand its showroom and service station network, enhance service quality, and optimize operations to achieve sustainable growth in 2025.
As of the session close on October 16, CTF shares were priced at VND 20,350 per share, with a market capitalization exceeding VND 1,900 billion.
Son of City Auto Chairman Fails to Purchase 2.4 Million Registered CTF Shares
Mr. Trần Lâm, a member of City Auto’s Board of Directors and son of Chairman Trần Ngọc Dân, failed to purchase the 2.4 million CTF shares he had previously registered to acquire.
The Heir Apparent: City Auto Chairman’s Son Registers to Purchase 2.4 Million CTF Shares
Mr. Tran Lam, a Board Member of City Auto and the son of Chairman Tran Ngoc Dan, has demonstrated his confidence in the company’s prospects by registering to purchase an additional 2.4 million CTF shares. This move underscores his commitment to increasing his ownership stake and reinforces his faith in the company’s long-term growth trajectory.
The Billionaire Chairmen: Investing Hundreds of Billions in the Stock Market
Mr. Nguyen Ba Sang, Chairman of the Board of Directors of An Gia Investment and Real Estate Development JSC, spent VND 460 billion to purchase 30,832,630 AGG shares. Meanwhile, Ms. Nguyen Thi Thom, Chairman of the Board of Directors of 911 Group JSC, registered to buy 600,000 NO1 shares to increase her ownership to 2.5% of the charter capital.
