Mr. Nguyen Hai Chau, Chairman of the Board and member of the Audit Committee of Everest Securities Joint Stock Company (Stock code: EVS), has reported the purchase of 2,147,420 shares out of the registered 2,200,000 EVS shares from May 6 to May 27. The reason for not completing the transaction was a change in investment plans.
Following this transaction, Chairman Nguyen Hai Chau’s ownership will increase from 6.5 million shares (3.95%) to over 8.65 million shares (5.25%), making him a major shareholder at Everest Securities.
During the period from May 6 to May 27, the price of EVS shares fluctuated around VND 5,600 – 5,700 per share. Taking this as the transaction price, it is estimated that Mr. Nguyen Hai Chau spent approximately VND 12.2 billion to complete the deal.
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Mr. Nguyen Hai Chau holds a Bachelor’s degree in Corporate Finance. He joined the Board of Directors of Everest Securities in March 2018 and was appointed Chairman of the Board in July 2021. Additionally, since April 2021, he has been a member of the Audit Committee.
In other news, the 2025 Annual General Meeting of Everest Securities was successfully held on April 22. The meeting approved the business plan with an operating revenue of VND 174.7 billion and pre-tax and after-tax profits of VND 11.7 billion and VND 9.3 billion, respectively.
According to EVS’ management, the 2025 business plan aims for lower profits to focus on the company’s restructuring, financial handling of receivables, and inefficient investments from the previous period, which are at high risk of losses. This will supplement capital for business expansion.
In the first quarter of 2025, EVS achieved nearly VND 87 billion in operating revenue, a 70% increase compared to the same period last year, mainly driven by the increase in fair value gains on financial assets classified as measured at fair value through profit or loss (FVTPL).
However, during this period, the company had to make provision expenses instead of reversals as in the previous year. As a result, Everest Securities reported a net profit of over VND 10 billion, a 31% decrease compared to the same period but exceeding the set plan.
The Everest Securities Chairman Registers to Purchase 2.2 Million Shares
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