On July 31, Mr. Pham Thanh Hung, Vice Chairman of the Board of Directors of Cenland Joint Stock Company, announced his registration for trading CRE stock.
Accordingly, Mr. Hung registered to purchase 5 million shares, expecting to increase his holdings from 13.27 million units (2.86%) to 18.27 million units (3.94%).
The transaction is expected to be executed between August 6 and September 4 for personal investment purposes. Currently, CRE stock is priced at VND 6,800 per share on the stock exchange. Based on this price, the amount of money Mr. Hung needs to invest is approximately VND 34 billion.
Mr. Pham Thanh Hung is popularly known as “Shark Hung” since his appearance on the Vietnamese version of Shark Tank TV show. Shark Hung is the only investor who has participated in all six completed seasons of Shark Tank Vietnam and continues to appear in season seven.
At the launch event for season seven, Shark Hung shared that his investment ratio is 2:4:4, meaning “20% of startups receive funding, 40% he walks away from, and 40% they walk away from.”
According to updated information on the deals made during Shark Tank Vietnam season six, two of Shark Hung’s investments, Aplus Home serviced apartment chain and Recbook – a real estate transaction management tool, are actively finalizing the last steps of due diligence before receiving funding.
Regarding season five of Shark Tank Vietnam, Jungle Boss, an adventure tourism startup from Quang Binh, was the only deal that progressed to the collaboration and investment signing stage with Shark Hung. He committed to investing VND 12 billion for 25% of the company’s shares. However, more than a year and a half have passed since the signing in November 2022, and Shark Hung appears to have not yet invested, as there is no recorded change in Jungle Boss’ charter capital.
Looking back at season four of Shark Tank Vietnam, the Cello Fundamento deal with Shark Hung also came very close to receiving funding. This startup was announced by the show to have passed the due diligence process and received funding in June 2022. However, about a month later, Shark Hung decided to change the investment format to a sponsorship instead of investing the initially committed VND 2 billion.
Thus, in the last three seasons of Shark Tank Vietnam, Shark Hung has not yet made any actual investments in the deals made on the show.
Sealing a deal worth nearly 50 billion VND with Aplus Home, Shark Hung denies the “golden age” of Shark Binh: When rice and high-quality grains are scarce, affordable housing will take the lead.
Furthermore, Shark Hung believes that Aplus’s model is addressing the “pain points” of the real estate market and generating cash flow for investors.
Shark Hung reveals “outside the tank” portfolio in Shark Tank that dazzles: Exiting real estate, pouring money into electric cars, growing ginseng, raising Kobe beef… even having a startup valued at several hundred billion.
When asked, “Where is the money?” Shark Hung had a surprising answer and an unexpected outcome.
The Stock Market’s Hidden Gem: CRE Shares Plummet to a 1-Year Low, Shark Hung Eyes 5 Million More
“Shark Hung”, as he is famously known, Mr. Pham Thanh Hung, the Vice Chairman of Cen Land’s Board of Directors, has set his sights on acquiring 5 million CRE shares. With a personal investment goal in mind, he intends to make this purchase via matching or negotiated orders between August 6 and September 4, 2024.
