Stock Market

Massive Sell-Off Dominates Stock Trading as Selling Pressure Overshadows Buy Orders

The trading week of November 17–21, 2025, revealed a dominant trend of stock sell-offs in registered transactions. Notably, UNI stood out as a series of executives and their relatives collectively divested from the company, with the reasons behind this move remaining unclear.

Administrator

25 November, 2025

FPT Telecom Completes Transfer of Over 50% State Capital

The State Capital Investment Corporation (SCIC) has sold its entire stake of nearly 370.7 million shares, equivalent to 50.17% of the capital in FPT Telecom Joint Stock Company (FPT Telecom, UPCoM: FOX), on November 11th. This move aims to transfer the representation rights of state capital in FPT Telecom from SCIC to the Ministry of Public Security, as per the agreement signed on July 16th, 2025.

This marks the final procedural step in the Ministry of Public Security’s acquisition of state capital representation rights in FPT Telecom. Post-transfer, the entire state capital in FPT Telecom will be managed by the Ministry of Public Security. Meanwhile, the other major shareholder, FPT Corporation (HOSE: FPT), holds 45.66% of the capital.

Two Daughters of HTL Chairman Transfer All Shares to Mother

Lã Ngọc Đan Chinh and Lã Ngọc Đan Thanh, daughters of Mr. Lã Văn Trường Sơn, CEO of Truong Long Technical and Automobile Joint Stock Company (HOSE: HTL), and Mrs. Nguyễn Thị Kiều Diễm, Chairwoman of the Board, have sold their entire stakes of over 362,000 and 284,000 shares, respectively, equivalent to 3.02% and 2.37% of HTL‘s capital.

Conversely, Mrs. Nguyễn Thị Kiều Diễm purchased the exact number of shares sold by her daughters, totaling approximately 646,000 shares. After the transaction, Mrs. Diễm’s ownership in HTL will increase by 5.38%, reaching 30.7%. Post-transaction, the family leadership group of HTL will still hold a combined 63.55% of the company’s capital. Notably, Mrs. Lã Thị Thanh Phương, Mr. Sơn’s sister and current Deputy Director of HTL, owns 1.97% of the capital.

Biwase Increases Ownership in VLW to Nearly 34%

Binh Duong Water – Environment Joint Stock Company (Biwase, HOSE: BWE) announced the completion of an additional purchase of 2.63 million shares in Vinh Long Water Supply Joint Stock Company (UPCoM: VLW) as planned. The transaction was executed on November 14th, with a total value of nearly 66 billion VND.

Following this transaction, Biwase’s ownership in VLW increased from 24.57% (7.1 million shares) to 33.65% (9.73 million shares), maintaining its position as the second-largest shareholder, after the controlling shareholder, the People’s Committee of Vinh Long Province (51% of capital).

This increase in ownership by Biwase coincides with its subsidiary, BIWASE Construction and Electricity Joint Stock Company, registering to sell all its VLW shares, equivalent to 9.1% of the capital, through negotiated transactions from October 30th to November 26th. After the transaction, this subsidiary will no longer be a shareholder of VLW.

Previously, on May 21st, 2025, Biwase and this subsidiary also executed a negotiated transaction worth nearly 178 billion VND, where BIWASE Construction and Electricity transferred 7.1 million VLW shares (24.57% of capital) to Biwase. Thus, through two negotiated transactions totaling approximately 244 billion VND, Biwase has increased its ownership to nearly 34% of VLW‘s capital, primarily through share transfers from its subsidiary.

MBCapital Plans to Sell Entire Stake in MIG to Return Entrusted Assets

On November 17th, MB Investment Fund Management Joint Stock Company (MBCapital) announced its plan to sell its entire stake of over 3 million shares in Military Insurance Corporation (MIC, HOSE: MIG), equivalent to 1.43%, to return entrusted assets to clients. The transaction is scheduled to take place from November 25th to December 23rd.

As of the close on November 18th, MIG‘s market price was 17,500 VND per share, up nearly 8% since the beginning of 2025. Based on the market price, the transaction value could reach up to 53 billion VND.

Chairman’s Daughter of PC1 Plans to Invest Over 90 Billion VND to Acquire 4 Million Shares

Mrs. Trịnh Khánh Linh, daughter of Mr. Trịnh Văn Tuấn, Chairman of the Board of PC1 Group, has registered to purchase 4 million new shares of PC1 from November 20th to December 18th. After the transaction, Mrs. Linh is expected to increase her ownership to 1.118%. Mr. Tuấn currently holds nearly 76.5 million shares, equivalent to 21.382% of the capital, making him the largest shareholder of PC1.

Based on the closing price of 22,550 VND per share on November 17th, Mrs. Linh’s new acquisition is valued at over 90 billion VND.

Series of Leaders and Relatives Fully Divest from UNI

Mrs. Vũ Thị Như Mai, CEO of Sao Mai Viet Investment and Development Joint Stock Company (HNX: UNI), has registered to sell her entire stake of over 3.4 million UNI shares (equivalent to 8.09% of the capital) to balance personal finances. The transaction is expected to take place from November 19th to December 12th.

Mrs. Mai’s divestment registration came just one day after a series of UNI leaders and relatives registered to sell all their shares. These include Mr. Vũ Thanh Thủy, Member of the Board of Supervisors, and Mrs. Nguyễn Thị Lệ Thanh, Mr. Thủy’s mother and a Board Member, who registered to sell their entire holdings of 1.42 million shares and over 605 thousand shares, respectively. Additionally, Mr. Thủy’s father and sister, Mr. Vũ Duy Bé and Mrs. Vũ Thanh Thảo, also plan to fully divest their stakes of over 1.5 million shares and nearly 1.38 million shares, respectively.

Mrs. Mai’s sister, Mrs. Vũ Thị Kim Liên, has also registered to divest all her UNI shares (over 1.08 million shares, equivalent to 2.54% of the capital).

These transactions are scheduled to take place from November 18th to December 12th, all for the purpose of balancing personal finances. The reason behind the simultaneous divestment by the company’s leadership and relatives remains unclear.

List of Company Leaders and Relatives Trading from November 17th to 21st, 2025