Two Major Shareholders Emerge Amidst TNI’s Turbulent Shifts

Amidst the market downturn in early October, two new individual shareholders invested a combined total of over 6.5 billion VND in shares of Thanh Nam Group Corporation (HOSE: TNI). This move preceded a remarkable five-session consecutive surge in the stock price, prompting the company to issue an official explanation regarding the price volatility.

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Volatile trading pattern of TNI stock, fluctuating between floor and ceiling prices – Source: VietstockFinance

On October 9th, Mr. Nguyen Dinh Chinh acquired an additional 91,500 shares of TNI, increasing his ownership from 4.89% to 5.07%, equivalent to nearly 2.66 million shares. This transaction occurred on the first day of a two-day period when TNI hit the lower limit, with the market price reaching 6,330 VND per share. Based on the floor price, Mr. Chinh is estimated to have spent approximately 600 million VND on this additional purchase. It was disclosed that Mr. Chinh has no internal affiliation with the company.

Shortly after, on October 10th, TNI welcomed another major shareholder, Mr. Bui Van Dien, also an individual investor with no internal ties. Mr. Dien purchased over 1 million shares of TNI, raising his ownership from 3.8% to 5.76%, equivalent to more than 3 million shares, with a total transaction value estimated at over 6 billion VND.

Following the purchases by these two major shareholders, TNI shares experienced a continuous decline over six sessions, including four floor-price drops (October 9-10 and 15-16), resulting in a 34% decrease. However, starting from October 17th, the stock rebounded strongly with five consecutive ceiling-price increases until October 23rd, followed by a 2.56% rise on October 24th, bringing the market price to 6,400 VND per share—a 43% increase from the low but still below the pre-decline level.

Price movement of TNI stock over the past year

In response to these fluctuations, TNI submitted an explanation to the Ho Chi Minh City Stock Exchange (HOSE), stating that its production and business operations remain normal, with no unusual events affecting the stock price. The company affirmed it has not taken any actions to influence the trading price, attributing the price increase solely to market supply and demand.

As of the afternoon of October 27th, TNI shares dropped by over 6% to 6,000 VND per share, yet still recorded a 17% increase over the week and a 168% rise over the year. Average liquidity reached more than 260,000 shares per session. The stock previously surged over 300% from its low of 1,800 VND per share in early April 2025 to a peak of 7,220 VND per share on October 7th.

According to the 2025 semi-annual audited financial report, TNI‘s undistributed after-tax profit remains negative at over 37 billion VND, keeping the stock under warning status on HOSE.

In investment activities, on October 17th, the TNI Board of Directors approved the transfer of its entire capital contribution in CTCP Khach san Vuon Dao Ha Long to Mr. Nguyen Van Hai. TNI will sell 3 million shares, representing 30% of Vuon Dao Ha Long’s charter capital, with a total transfer value expected at approximately 252 billion VND, or 84,000 VND per share. The transaction is scheduled to be completed by October 18th.

The Manh

– 14:22 27/10/2025

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