Mr. Pham Hong Chau, Member of the Board of Directors and General Director of Van Phu Real Estate Development JSC (code: VPI, HoSE exchange), registered to purchase 400,000 shares for personal purposes from August 12 to September 10. If successful, Mr. Chau’s ownership will increase from 0.424% to 0.549%, equivalent to 1.756 million shares.
Notably, during the same period, two other shareholders, Ms. Nguyen Thi Lan and Mr. Ngo Khac Nghia, each registered to sell 200,000 shares.
It is worth mentioning that Mr. Nghia and Ms. Lan are Mr. Chau’s in-laws. If the divestment is successful, Ms. Lan’s ownership will decrease to 246,700 shares, equivalent to 0.077%. Meanwhile, Mr. Nghia’s stake will reduce to 48,200 shares, or 0.015%.
Mr. Pham Hong Chau was appointed as the General Director of Van Phu on June 6, 2025.
Mr. Pham Hong Chau, born in 1971, holds a Master’s degree in Accounting. Mr. Chau was recently appointed as the General Director of Van Phu, replacing Mr. Trieu Huu Dai, on June 6, 2025. Previously, Mr. Chau served as Deputy General Director and Member of the Board of Directors of VPI in 2017.
In terms of business performance, Van Phu recorded a revenue of over VND 180 billion in the second quarter of 2025, a 9% increase compared to the same period last year. After tax and fees, the company reported a net profit of nearly VND 6.7 billion, a 75% decrease.
For the first six months of 2025, Van Phu achieved a gross revenue of nearly VND 429 billion, a 46% increase compared to the same period in 2024. The after-tax profit reached nearly VND 149 billion, a 56% surge.
As of June 30, 2025, Van Phu’s total assets increased by 18% from the beginning of the year to over VND 13,138.2 billion. This includes inventory of over VND 4,426 billion and long-term assets under construction of more than VND 3,525 billion.
The company’s total liabilities stood at VND 7,918 billion, a 31% increase from the beginning of the year. Of this, loans and finance leases amounted to over VND 6,132 billion, accounting for 77% of total debt.
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“Revolutionizing Debt Management: VPI’s Strategic Move to Settle Bond Debt with a Twist”
“Van Phu – Invest Joint Stock Company is poised to issue 29.65 million shares to settle a VND 690 billion debt (excluding interest) in convertible bonds, with a conversion price set at approximately half of the current market price.”
Let me know if there are any other adjustments or refinements you would like to see!
