Home Stock Market The Market Crash: Insiders and Their Allies Are on a Buying Spree

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The Market Crash: Insiders and Their Allies Are on a Buying Spree

28 November, 2024

New Chairman of DIG Increases His Stake to Nearly 12% After Inheriting Over 11 Million Shares

Mr. Nguyen Hung Cuong, Chairman of the Board of Directors of DIC Corp (HOSE: DIG), has announced that he received over 11 million shares out of the nearly 20.8 million shares inherited (equivalent to 53%) from the late Chairman, Nguyen Thien Tuan.

The transfer did not go through the trading system at the Stock Exchange. The acquisition of these shares took place between October 21 and November 19, 2024. Based on the trading timeline, the newly inherited shares are estimated to be worth VND 226.5 billion. As a result, Mr. Cuong’s ownership in DIG increased from 10.16% to 11.96%, equivalent to nearly 73 million shares.

Mr. Cuong stated that the reason he couldn’t accept the entire inheritance of nearly 20.8 million shares was due to ongoing transfer procedures with relevant authorities. According to the plan, if he had received the entire inheritance, his ownership would have increased to 13.56%, equivalent to more than 82.7 million shares.

Masan Group Chairman’s Daughter Purchases Nearly 8.5 Million MSN Shares

Ms. Nguyen Yen Linh, daughter of Mr. Nguyen Dang Quang, Chairman of the Board of Directors of Masan Group Corporation (HOSE: MSN), bought nearly 8.5 million MSN shares out of the 10 million shares registered between October 29 and November 18, 2024.

The reason Ms. Linh was only able to purchase 85% of the registered amount was due to a “failure to reach an agreement.”

The transaction was conducted through both matched orders and negotiations. Based on the average price of MSN shares during the registered trading period of VND 73,640 per share, it is estimated that Ms. Nguyen Yen Linh spent approximately VND 626 billion to own 0.59% of MSN‘s capital.

In addition to Ms. Linh, Mr. Nguyen Dang Quang, Chairman of MSN, currently holds 18 MSN shares, and his wife, Ms. Nguyen Hoang Yen, a member of the Board of Directors of MSN, holds nearly 50.9 million MSN shares (3.54%). In total, the group related to the Chairman of the Board of Directors of MSN currently owns nearly 59.4 million MSN shares, equivalent to 4.13%.

DNP Hawaco Aims to Acquire Nearly 25% of BGW‘s Capital

DNP Hawaco JSC registered to buy nearly 4.54 million shares of Bac Giang Clean Water JSC (UPCoM: BGW) from November 26 to December 25, 2024, to increase its ownership.

Currently, DNP Hawaco does not own any BGW shares. If the purchase is successful, the organization will hold nearly 25% of the capital in this company.

New Chairman of Armephaco Continues to Register to Buy Shares

After an unsuccessful purchase, Mr. Pham Cong Doan, Chairman of the Board of Directors of Armephaco JSC (UPCoM: AMP), again registered to buy 3 million AMP shares (23%) for investment purposes, through negotiated and matched orders, expected from November 20 to December 18, 2024.

The closing price of AMP shares on November 22 was VND 13,000 per share. If the transaction takes place at this price, Mr. Doan is expected to spend about VND 39 billion to increase his ownership to 23%, becoming a shareholder of the Company.

This is the second time Mr. Doan has registered to buy AMP shares this year, with the first attempt being to purchase nearly 1.8 million shares in early October, which was also unsuccessful due to unfavorable market conditions.

Two SC5 Leaders Aim to Accumulate More Than 40% of the Company’s Capital

Mr. Nguyen Dinh Dung, Vice Chairman of the Board of Directors and General Director of Construction No. 5 JSC (HOSE: SC5), registered to buy more than 4.6 million shares, and Mr. Pham Van Tu, a member of the Board of Directors and Deputy General Director, registered to buy more than 1.37 million shares. Both transactions will be conducted through negotiations, expected to take place between November 22 and December 16, 2024.

If successful, Mr. Dung’s ownership in the Company will increase from 24.23% to 55.33%, equivalent to nearly 8.3 million shares. Mr. Tu’s ownership will increase from 10.17% to 19.33%.

In addition, Mr. Dung’s brother, Nguyen Duy Tung, currently holds 5,000 SC5 shares, or 0.03% of the capital. Meanwhile, Ms. Pham Thi Lien, Deputy General Director of SC5 and Mr. Tu’s wife, owns 1 million shares, equivalent to 6.67%.

During the morning session on November 20, SC5 shares were trading around VND 21,000 per share, up 13% from the beginning of the year. Based on this price, Mr. Dung and Mr. Tu would need to spend VND 98 billion and nearly VND 29 billion, respectively, to complete the transaction.

List of company leaders and relatives trading from November 18-22, 2024