The transaction, which took place between July 30 and August 28, 2024, saw Mr. Bao sell approximately 3.2 million shares at an average price of VND 45,260 per share, pocketing over VND 68.5 billion. As a result, his ownership in Vietcap decreased from 0.72% to 0.38%, holding 1.68 million shares.
Mr. Nguyen Quang Bao, Deputy General Director of Vietcap
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Explaining the reason for not completing the transaction, Deputy General Director Nguyen Quang Bao cited unfavorable market conditions. However, the market showed a recovery trend in early August, with the share price of VCI rising from VND 40,500 to VND 48,500 by the end of the session on August 26, an increase of nearly 20%.
Subsequently, VCI’s share price experienced three consecutive falling sessions, and on the morning of August 30, it continued to trade in negative territory, dropping by 0.65% to VND 46,000 per share. Despite this, the price was still 11% higher than at the beginning of the year.
| VCI Share Price Movement in the Past Quarter |
In related news, Ms. Truong Nguyen Thien Kim, the wife of Mr. To Hai – Member of the Board of Directors and General Director of VCI, has registered to sell 13.2 million VCI shares from September 4 to October 3, aiming to reduce her ownership from 5.17% to 2.18% (equivalent to 9.6 million shares). Ms. Kim stated that the purpose of the transaction was to serve her personal needs, and she expected to receive a minimum of VND 600 billion from the sale.
Meanwhile, Mr. To Hai currently holds nearly 99.15 million VCI shares, representing 22.44% of the capital, making him the individual with the largest shareholding in Vietcap.
In another development, the Board of Directors of VCI announced that September 12 is the ex-dividend date for a 30% bonus share issuance, equivalent to 132.57 million new shares, which will increase the charter capital to nearly VND 5,745 billion.
Most recently, the Board of Directors of VCI approved the payment of the 2024 interim dividend at a rate of 4% in cash (VND 400 per share), totaling nearly VND 177 billion. The ex-dividend date was set for August 15, and the payment date was August 30, 2024.
Declining USD Prices: Banks and Free Market Suffer Declines
Approaching Tet holidays, the USD price in banks and the free market dropped significantly, despite the international USD index maintaining a high level.
Vietnam Airlines sees promising results in its quest for financial balance
By the end of 2023, this business has incurred a total loss of over 5.8 trillion VND despite a 30% increase in revenue.
Mr. Ngo Dang Khoa (HSBC): Exchange rate under pressure in Q1, expected to stabilize around 24,400 dong/USD by end of 2024
Prior to the rising trend of the USD, Mr. Ngo Dang Khoa – Director of Foreign Exchange, Capital Markets and Securities Services, HSBC Vietnam, has shared some insights and forecasts regarding the upward momentum of the USD and exchange rates.
Unforeseen sharp reduction in flight tickets from Ho Chi Minh City
Unlike the previous days of 27th, 28th, and 29th of the lunar calendar, the airfare from Ho Chi Minh City to northern provinces on 9th February (or 30th of Tet) has significantly reduced. In fact, passengers can still purchase tickets for same-day travel as there are still plenty of flights available.
