“Chairman and Founder’s Father-Son Duo Aim to Purchase 7.2 Million HDG Shares”

Hanoi Construction and Trading Corporation (HADCO), listed on the Ho Chi Minh Stock Exchange as HDG, has recently filed for insider trading by its leadership and related parties.

Founder and Chairman of the Board, Mr. Nguyen Trong Thong, has registered to purchase 3.25 million HDG shares from May 26 to June 24, 2025, aiming to increase his ownership stake.

If the transaction is successful, Mr. Thong’s holdings in HDG will increase from 31.83% to 32.8%, equivalent to over 110.3 million shares.

Similarly, Mr. Thong’s son, Mr. Nguyen Trong Minh, the CEO of HDG, has registered to purchase 4 million shares through matching orders from May 27 to June 25, 2025, to increase his ownership stake from 0.21% to 1.4%, equivalent to over 4.7 million shares.

Mr. Nguyen Trong Thong, born in 1953, is a Civil and Industrial Engineering graduate. From 1990 to 2005, he served as an officer in the Vietnam People’s Army and was also the Deputy Director of Ha Do Company, under the Ministry of Defense.

Following the privatization process, Mr. Thong took on the role of Chairman and CEO of Ha Do Joint Stock Company (the predecessor of today’s HADCO).

In July 2024, Mr. Thong submitted his resignation from the position of Board member due to his age and health reasons, as well as to comply with legal requirements regarding related parties. Subsequently, an extraordinary general meeting of shareholders on October 3, 2024, officially accepted his resignation as a member and Chairman of the Board, honoring his personal wishes.

On the other hand, to strengthen the Board’s activities, the general meeting of shareholders agreed to include the concept of a Founding Chairman in the Company’s charter, a role that Mr. Thong now assumes.

In contrast, Mr. Dao Huu Khanh, father of Mr. Dao Huu Tung, HDG’s Chief Accountant, has registered to sell 400,000 shares during the same period to meet his personal financial needs. If successful, Mr. Khanh’s ownership in HDG will decrease from 0.228% to 0.109%.

It is worth noting that Mr. Dao Huu Tung was appointed as HDG’s Chief Accountant on May 14, 2025. Prior to this role, he served as the Deputy Head of the Accounting Department at the Company. Mr. Tung personally holds 5,000 HDG shares, equivalent to a 0.001% stake.

Regarding HADCO’s business performance, according to the consolidated financial statements for the first quarter of 2025, the company recorded a net revenue of nearly VND 598.6 billion, a 29% decrease compared to the same period last year. After deducting the cost of goods sold, gross profit amounted to VND 401 billion, an 8% decline.

Amidst cost pressures, HADCO reported a net profit of VND 207 billion, a 22% decrease compared to the previous year.

For the full year 2025, HADCO targets consolidated revenue of VND 2,936 billion and after-tax profit of VND 1,057 billion. Thus, in the first quarter, the company achieved 20.4% of its revenue target and 19.6% of its profit target.