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.

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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 transactions 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 0%.

Vu Thanh Thuy, a member of the Internal Control Board, also divested 1.42 million shares on November 19th, having previously held over 3.3% of the 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 500 symbolic shares.

On November 21st, the divestment spree 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 occur between November 19th and December 12th via both negotiated and order-matching methods.

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

Mr. Long also heads Sao Mai Real Estate Investment and Development JSC, which 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 an advance payment of nearly VND 159 billion to Sao Mai Real Estate, up sharply from VND 44 billion at the beginning of the year.

Formerly known as Vien Lien JSC, UNI was established in 1993 with roots in Ho Chi Minh City’s postal sector. Initially, the company specialized in supplying telecommunications equipment, fax machines, and switchboards, serving as Ricoh’s exclusive fax distributor in Southern Vietnam.

Amid market liberalization and heightened competition, coupled with the late-1990s Asian financial crisis, the telecommunications equipment segment became less profitable. UNI subsequently increased its capital, attracted institutional investors, and expanded into IT and telecommunications infrastructure consulting and construction.

The company was among the earliest to list on the stock exchange, debuting on HOSE in 2006 before transitioning to HNX due to capital size requirements.

Currently, UNI’s core business is real estate in Phu Quoc, headlined by the Vien Lien luxury residential and villa project. As of Q3/2025, total assets reached nearly VND 1 trillion, though revenue for the first nine months stood at 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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