Recently, Le Xuan Tien, Chairman of the Board of Directors and Legal Representative of VTC Telecom (stock code: VTC), registered to sell his entire holding of nearly 928,000 VTC shares, equivalent to 20.49% of the company’s capital. The sale will be conducted through both agreement and order matching methods. If successful, Mr. Tien’s ownership will drop to 0%. The transaction is scheduled to take place from December 11, 2025, to January 9, 2026.
This move to completely divest from the company comes immediately after VTC shares hit a record-breaking 14 consecutive upper limit sessions. The rally pushed the stock price from 8,200 VND to a historic high of 29,800 VND per share on December 8, marking a 263% increase in just one month.
However, following this peak, the stock price reversed, hitting the lower limit in consecutive sessions on December 9 and 10, retreating to 24,300 VND per share. Despite this drop, the price remains three times higher than it was a month ago. At the current price, Mr. Tien is estimated to pocket 22.5 billion VND upon completing the divestment.
During the prolonged price surge, VTC issued two explanations for the volatility, both attributing the increase to market supply and demand dynamics. The company confirmed that there were no unusual changes in its business operations or financial status.
In a separate development, VNPT announced plans to auction off its entire stake in VTC Telecom at a starting price significantly higher than the current market price.
Specifically, Vietnam Posts and Telecommunications Group (VNPT) intends to auction a block of over 2.1 million VTC shares, representing 46.67% of the total issued shares based on actual contributed capital. The starting price is set at over 104.1 billion VND, or 49,200 VND per share, which is 3.5 times higher than the closing price on November 26.
It is noted that Mr. Le Xuan Tien, Chairman of the Board; Mr. Bui Van Bang, CEO; and Mr. Tran Van Mua, Deputy CEO of VTC Telecom, are the three representatives of VNPT’s capital contribution in VTC Telecom.
The registration and deposit payment period runs from November 18, 2025, to 3:30 PM on December 12, 2025. The payment for the purchased shares is scheduled from December 19, 2025, to December 25, 2025.
Regarding business performance, VTC Telecom reported an after-tax loss of 2.9 billion VND in Q3 2025, marking its third consecutive quarterly loss. This was primarily due to several new projects not yet being accepted for revenue recognition, while implementation costs continued to be accounted for during the period.
According to VNPT’s announcement, the divestment from VTC is in line with Decision No. 620/QĐ-TTg dated July 10, 2024, issued by the Prime Minister, approving the restructuring plan of Vietnam Posts and Telecommunications Group until the end of 2025. It also complies with Document No. 1944/UBQLV-CNHT dated August 28, 2024, from the State Capital Investment Corporation regarding the divestment from 24 enterprises listed in the approved divestment plan under Decision No. 620/QĐ-TTg.
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