New Shareholder Acquires Nearly 7% of UNI Capital Amid Internal Sell-Off Wave

A leading real estate firm in Da Nang has acquired nearly 7% of the shares in Sao Mai Viet Investment and Development JSC (HNX: UNI), amidst a trend of insiders consistently offloading their holdings.

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On November 19th, Nhan Nghia Comprehensive Investment and Development LLC emerged as a major shareholder of UNI, acquiring nearly 2.9 million shares, equivalent to 6.8% of the company’s capital. Prior to this, the firm held no shares.

On the same day, the market recorded over 2.9 million UNI shares traded via negotiated deals at approximately VND 8,600 per share, totaling over VND 25 billion—nearly matching the closing price of that session.

Conversely, insiders and relatives of UNI’s leadership rushed to offload nearly all their holdings. Mr. Vu Duy Be, husband of a board member, sold his entire stake of 1.52 million shares, reducing his ownership to zero.

Vu Thanh Thuy, a member of the Internal Control Board, also liquidated 1.42 million shares on November 19th, having previously held over 3.3% of the company’s capital.

A day earlier, on November 18th, Ms. Thuy’s sister, Vu Thanh Thao, sold her entire stake of 1.38 million UNI shares. Both sisters are daughters of Nguyen Thi Le Thanh, a board member. On November 20th, Ms. Thanh followed suit, selling nearly all her shares, leaving only a symbolic 500 shares.

On November 21st, the sell-off continued as Vu Thi Kim Lien, sister of UNI’s CEO Vu Thi Nhu Mai, sold over 925,000 shares, reducing her stake to 0.37%.

Ms. Vu Thi Nhu Mai herself registered to sell her entire holding of 3.4 million shares, citing “personal financial balancing.” The transaction is expected to be executed between November 19th and December 12th via both negotiated and order-matching methods.

During the period from November 18th to December 1st, approximately 9.3 million UNI shares changed hands, representing 22% of the company’s capital.

Ms. Vu Thi Nhu Mai, CEO of UNI, at the 2023 Annual General Meeting – Photo: UNI

The buying entity, Nhan Nghia Comprehensive Investment and Development LLC, was established in late 2021 in Da Nang with a charter capital of VND 270 billion, specializing in real estate. Its legal representative has changed frequently and is currently held by Nguyen Vu Hoang Long, born in 2000.

Mr. Long is also the legal representative of Sao Mai Real Estate Investment and Development JSC, which has signed a contract with UNI as the general infrastructure contractor for the Vien Lien luxury residential and villa project in Phu Quoc.

UNI’s Q3/2025 financial report reveals that the company has advanced nearly VND 159 billion to Sao Mai Real Estate, a significant increase from the VND 44 billion at the beginning of the year.

Formerly known as Vien Lien JSC, UNI was established in 1993 with a team from Ho Chi Minh City Post Office. Initially, the company specialized in supplying telecommunications equipment, fax machines, and switchboards, serving as the exclusive distributor of Ricoh fax machines and building a network of stores and agents across southern post offices.

Amid market liberalization and heightened competition, coupled with the late-1990s Asian financial crisis, the telecommunications equipment segment became less profitable. Vien Lien expanded into information technology and telecommunications infrastructure consulting and construction, inviting additional institutional investors and increasing its capital.

The company was among the early listings on the HOSE in 2006, later moving to the HNX due to capital scale requirements.

Currently, UNI’s core business is real estate in Phu Quoc, with the flagship project being the Vien Lien luxury residential and villa complex. As of Q3/2025, total assets reached nearly VND 1 trillion, though revenue for the first nine months was only VND 3.3 billion, with after-tax profit under VND 100 million.

On the stock market, UNI shares traded below par value for an extended period starting in 2023.

UNI shares traded below par value for an extended period

Tu Kinh

– 14:38 04/12/2025

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New Shareholder Amasses Nearly 7% of UNI Capital Amid Insider Selling Spree

A leading real estate firm in Da Nang has acquired nearly 7% of the shares in Sao Mai Viet Investment and Development JSC (HNX: UNI), amidst ongoing sell-offs by insiders closely tied to the company’s leadership.