The story began in late 2021 when Mr. Nghia quietly acquired 1.1 million shares of TKC, increasing his ownership to over 10.25% of the capital and becoming a major shareholder without reporting as required. By July 2022, already serving as Takco’s Chairman, he purchased an additional 1 million shares but executed the transaction before the disclosed trading date.
In February 2023, he sold a total of 455,000 TKC shares without prior disclosure of the trading plan. These violations cumulatively resulted in a fine of approximately VND 197.5 million and a trading ban.
Born in 1982, Mr. Nghia holds a PhD in Philosophy of Management and has held multiple leadership positions in real estate companies before joining TKC. Following his purchase of 1.1 million shares on November 27, 2021, he was swiftly elected as Chairman of the Board for the 2019-2024 term, becoming the primary legal representative and overseeing the company’s social housing division.
His rise as a major shareholder coincided with a sharp surge in TKC shares, despite low liquidity. The stock price once exceeded VND 11,000 per share (post-adjustment) before plummeting sharply in early 2022, mirroring the broader market downturn.
Mr. Le Dai Nghia served as Chairman of TKC from 2022 to 2023 (Illustrative image)
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By July 2022, with TKC shares trading below VND 4,000 per share, the leadership initially planned to sell all holdings but reversed the decision, instead purchasing an additional 1 million shares, raising ownership to 18.45%. During this period, the stock rebounded to nearly VND 9,000 per share, marking its final peak before a prolonged decline, delisting, and transfer to UPCoM.
Over a year after the last purchase, as TKC faced suspension due to disclosure violations, Mr. Nghia unexpectedly announced the divestment of his remaining 782,000 shares, equivalent to 5.21% of the charter capital. The market questioned his prior sales reducing his stake from over 10% to 5.21%, as no information was disclosed. Approximately one month after this exit, he formally resigned as Chairman and legal representative of Takco.
To date, TKC remains under trading restrictions, with orders matched only on Fridays. The company has consistently delayed annual and semi-annual financial reports, failed to hold AGMs for two consecutive years, and faces outstanding financial obligations with the exchange. The latest report shows negative equity.
Takco, established in 1999 and listed on HNX since 2009, is a long-standing construction firm in Ho Chi Minh City. At its peak in 2017, the company recorded over VND 1.4 trillion in revenue, VND 28 billion in post-tax profit, and total assets of approximately VND 1.1 trillion.
However, rapid growth led to bloated inventory, receivables, and debt. When the real estate market reversed, revenue declined sharply, leaving significant financial burdens.
Under Mr. Nghia’s leadership in 2022, revenue fell to VND 113 billion, while the company reported a record loss of VND 638 billion due to bad debt provisions, resulting in negative equity of VND 470 billion and accumulated losses of VND 631 billion. TKC had planned a private issuance to repay debt and increase capital to VND 1 trillion but halted the effort as the stock price collapsed.
| Fluctuations in TKC shares aligned with former Chairman Le Dai Nghia’s trading decisions |
– 11:38 17/01/2026
