As of July 1, 2024, Thang Phuong held 3.07% of Eximbank’s capital, equivalent to over 53 million EIB shares. However, as of August 6, Eximbank updated its list of shareholders, and Thang Phuong was no longer on the list.
Source: Eximbank
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According to Article 49 of the Law on Credit Institutions 2024, shareholders owning 1% or more of the charter capital of a credit institution must provide information to the credit institution for disclosure. Therefore, the fact that Thang Phuong is no longer on the list of shareholders owning 1% or more of Eximbank’s capital may be due to the shareholder selling part or all of its stake in Eximbank, or it is possible that Thang Phuong divided its shares among related parties and no longer holds more than 1%, thus not subject to information disclosure requirements.
Except for the disappearance of Thang Phuong JSC from the list, the initial four shareholders of Eximbank remain unchanged in terms of ownership percentage.
Eximbank still does not have any major shareholders (owning more than 5% of capital). The largest shareholder is Gelex Group Joint Stock Company (HOSE: GEX) with 4.9% capital, equivalent to 85.5 million EIB shares. The second largest shareholder is VIX Securities Joint Stock Company (HOSE: VIX) with 3.58% capital, or 62.3 million shares.
In addition, individual shareholders owning over 1% of Eximbank’s charter capital include Ms. Le Thi Mai Loan, Vice President (1.03%), and Ms. Luong Thi Cam Tu, Vice Chairman of the Board of Directors (1.12%). Furthermore, a group related to Ms. Loan holds 19,540 shares, representing 0.0011% of the capital.
Prior to Eximbank’s update, the State Bank of Vietnam had agreed to allow Gelex to purchase Eximbank’s shares through matching and/or agreement transactions on the trading system of the Ho Chi Minh City Stock Exchange in 2024. If the transaction is successful, Gelex is expected to increase its ownership to 10% of the charter capital and become a major shareholder of the bank. This is also the maximum percentage that an institutional shareholder can own in a credit institution according to the Law on Credit Institutions 2024.
Established in 1990, Gelex Group operates in two core sectors: electrical equipment manufacturing and infrastructure and industrial parks, with a strong ecosystem of brands including CADIVI, THIBIDI, and Viglacera. As of June 30, 2024, Gelex had over 50 member and affiliated companies, with total assets reaching VND 52,442 billion.
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