Stock Market

Insider Selling Surge: Leaders and Relatives Offload Stocks in Late November

In the final trading week of November 2025, from November 24th to 28th, the majority of transactions involving company leaders and their relatives were on the selling side. Notably, significant activity was observed in the stocks of CTP, DNP, MSH, and UNI.

Administrator

2 December, 2025

CTP Leadership Successfully Divests Shares

Mr. Trần Công Thành, Chairman of the Board of Directors at Hòa Bình Takara Joint Stock Company (HNX: CTP), successfully sold 2.8 million CTP shares between October 23 and November 20, reducing his ownership stake from 24.79% to 1.65%.

Simultaneously, Mr. Dương Văn Tịnh, a Board Member and CEO, also sold 1.9 million shares, lowering his stake from 16.26% to 0.56% (equivalent to 68,000 shares). Mr. Tịnh’s transactions concluded on November 21, one day after Mr. Thành’s, and both executives are no longer major shareholders of the company.

Both leaders aimed to reduce their ownership stakes. During this period, no block trades were recorded for CTP shares, indicating all sales were executed via order matching. At an average price of approximately VND 9,700 per share, Mr. Thành earned over VND 27 billion, while Mr. Tịnh received more than VND 18.4 billion.

Tasco Investment Acquires Less Than Half of Registered Shares in DNP Holding

Tasco Investment LLC acquired over 39.1 million shares of DNP Holding Joint Stock Company (HNX: DNP) through negotiated transactions between October 21 and November 20, becoming a major shareholder. However, this acquisition represents less than half of the 91.6 million DNP shares (65% of equity) initially registered for purchase.

Prior to the transaction, Tasco Investment held no DNP shares. Following this move, Tasco’s subsidiary (HNX: HUT) officially holds a major stake with 27.8% ownership.

During this period, the market recorded multiple negotiated trades totaling over 42 million shares and valued at VND 830.7 billion, averaging VND 19,780 per share. At this price, Tasco Investment is estimated to have spent over VND 773 billion.

FPTS Steadily Divests from May Sông Hồng

FPT Securities (HOSE: FPTS) reported selling nearly 1.2 million shares of May Sông Hồng Joint Stock Company (HOSE: MSH) via order matching. Following transactions from November 12 to 20, FPTS’s ownership in May Sông Hồng decreased from 11.7% to 10.7%.

Over the past six months, FPTS has consistently registered to divest from May Sông Hồng amid uncertain international trade conditions due to new U.S. tariff policies.

XMC Chairman Seeks to Divest Entire 14.3 Million Share Holding

Mr. Bùi Khắc Sơn, Chairman of Xuân Mai Investment and Construction Joint Stock Company (UPCoM: XMC), registered to sell his entire holding of nearly 14.3 million shares, equivalent to 19.99% of equity. The transaction is expected to be executed via negotiation in December.

Based on the closing price as of November 26, Mr. Sơn could earn approximately VND 124 billion if the transfer is completed.

The divestment announcement follows XMC’s plan to seek shareholder approval for Mr. Nguyễn Đức Cử to acquire shares, allowing his related group to hold over 25% voting rights without a public tender offer.

Under the plan, Mr. Cử will acquire nearly 14.3 million shares from Chairman Bùi Khắc Sơn and 1.8 million shares (2.48%) from Mr. Hoàng Tiến Dũng, increasing his personal stake in XMC from 0% to 22.47%.

VNS Board Member Aims to Increase Ownership to Nearly 25% with Related Entities

Mr. Lê Hải Đoàn, a Board Member of Ánh Dương Việt Nam Joint Stock Company (HOSE: VNS), registered to purchase nearly 5.5 million VNS shares between December 1 and 30 for investment purposes. If successful, his holdings will increase to 9.2 million shares, equivalent to 13.6%.

Additionally, two entities related to Mr. Đoàn also hold significant VNS shares. HIPT Group, where Mr. Đoàn serves as Chairman and legal representative, holds nearly 2.47 million shares (3.64%). VBP JSC, with Mr. Đoàn as Director and legal representative, holds nearly 5.27 million shares (7.77%).

Currently, Mr. Đoàn and related entities collectively own over 12 million shares. Post-transaction, this will increase to nearly 17 million shares, raising their combined stake from 17.71% to 24.99%.

Currently, VNS shares are trading around VND 9,000 per share (as of the morning of November 26). At this price, Mr. Đoàn is estimated to spend nearly VND 50 billion on the transaction.

List of Company Leaders and Relatives Trading from November 24-28, 2025