On December 22nd, the stock market closed with a remarkable upswing as multiple sectors and leading stocks surged in unison. The VN-Index climbed over 46 points, reaching 1,751 points, while the VN30 index, representing large-cap stocks, rose by 52 points to 1,985 points.
Contrasting the market’s overall trend, CRE shares of Century Real Estate Corporation (Cen Land), where Mr. Pham Thanh Hung (Shark Hung) serves as Vice Chairman of the Board, faced heavy selling pressure during the session.
CRE shares closed at 8,310 VND per share, down 6.52%, and even touched the lower limit at one point. Trading volume reached 1.7 million units, more than five times the average of previous sessions. Since early December 2025, the stock has lost over 14% of its value.
The negative performance of CRE shares coincides with recent social media posts showing authorities present at a location bearing the Hyra Holdings sign, with Shark Hung’s name also mentioned.
Founded in 2021, Hyra Holdings focuses on developing technology projects, particularly in AI and blockchain. At the 2025 Annual General Meeting, Hyra Holdings appointed Mr. Nguyen Thanh Hung as an independent board member.
CRE shares are currently priced at 8,310 VND per share
From 2026 to 2030, Hyra Holdings aims to develop nine key technology products and expand into over 30 international markets. Looking further ahead, Hyra Network plans to IPO between 2030 and 2035, with ambitions to achieve a billion-dollar market capitalization.
Investor caution is also influenced by previous incidents involving cryptocurrency. Notably, Mr. Nguyen Hoa Binh (Shark Binh), Chairman of NextTech, was arrested and charged in connection with the Antex digital currency project.
Cen Land previously reported strong financial results. In the first nine months of 2025, the company recorded revenue of 838 billion VND, down 27% year-on-year, but posted a 103% surge in after-tax profit to 63 billion VND, driven by cost optimization.
In mid-October 2025, Cen Land announced the full repayment of principal and interest on its CRE202001 bond issue. The CRE202001 bonds, issued on December 31, 2020, had a three-year term, maturing on December 31, 2023, with a total value of 450 billion VND.
At Cen Land, Mr. Hung directly holds 15.6 million shares, representing a 3.36% stake.
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