New major shareholder group appears after trillion-dong deal
According to the Securities Commission, Vietnam International Commercial Joint Stock Bank (VIB), chaired by Mr. Dang Khac Vy, has just recorded the appearance of a new group of investors, holding over 5% of shares.
On September 24, Unicap JSC (headquartered in Ho Chi Minh City) successfully purchased more than 66.7 million shares, increasing its ownership ratio from 0 to 2.241%. With a price of VND19,100/share, it is estimated that Unicap spent about VND1,270 billion on this purchase.
After the transaction, the group of shareholders including Unicap and two related individuals, Nguyen Thuy Nga and Tong Ngoc My Tram, hold a total of nearly 222.6 million shares, equivalent to 7.47% of capital.
Ms. Nguyen Thuy Nga is a former shareholder of VIB, with more than 70 million shares, equivalent to 2.351% of charter capital. Ms. Tong Ngoc My Tram is also a former shareholder, with nearly 98 million shares, equivalent to 3.288% of charter capital.
At Unicap, Ms. Nga is a shareholder owning over 10% of the voting shares and is the Chairwoman of the Board of Directors and General Director. Ms. Tram is also a shareholder owning over 10% of the voting shares and is a member of the Board of Directors.
Although they are shareholders owning more than 10% of the voting shares at Unicap, Ms. Nga and Ms. Tram have a relatively low ownership ratio at Unicap, 1.945% and 3.285% respectively. It is likely that another boss holds controlling shares at Unicap or the above individuals hold Unicap shares through other organizations/individuals.
One notable point is that Unicap was newly established on September 4, its main business line is food wholesale. The chairwoman and legal representative is Ms. Nguyen Thuy Nga.
Also related to the change of major shareholders, on September 26, foreign shareholder Commonwealth Bank of Australia (Australia) successfully sold 148 million shares. This organization reduced the number of shares held from more than 588.2 million units to more than 440 million units, equivalent to a reduction from 19.74% to 14.78%.
Major shareholder groups at VIBank
After the above two transactions, VIBank reported an update on shareholders holding more than 1% of the bank's capital, including Unicap JSC.
According to VIBank, 19 shareholders own about 1.8 billion shares, equivalent to about 70% of charter capital, including 13 individuals and 6 organizations (including Unicap from September 24).
The shareholder structure at VIBank is divided into 5 large groups. Chairman Dang Khac Vy and related people own more than 20% of the charter capital. The Eastern European startup tycoon Dang Khac Vy alone holds 4.949% of the shares. The group of people related to Mr. Vy owns more than 15.316%. Ms. Tran Thi Thao Hien, Mr. Vy's wife, holds 125 million shares, equivalent to 4.9% of the capital. Two organizations related to Mr. Vy are Beston JSC, which owns more than 4.68%, and Funderra JSC, which owns 4.68%.
The second group, Commonwealth Bank of Australia (CBA), a strategic shareholder and also the largest shareholder, owns more than 440 million shares, equivalent to 14.78%.
In the third group, Mr. Do Xuan Hoang (member of the Board of Directors) holds nearly 4.95% and related people hold more than 4.34%. Of which, Mr. Hoang's two children each hold 1.277% and Mr. Hoang's father holds nearly 0.3% of shares.
The fourth group, Unicap JSC and two related individuals including Nguyen Thuy Nga and Tong Ngoc My Tram, hold 7.47% of capital.
Group 5, a secretive enterprise of Vice Chairman of the Board of Directors Dang Van Son. Mr. Son does not hold VIB shares but Ms. Dang Thi Thu Ha (Mr. Son's wife) holds 2.73%. Related people hold 0.7%.
Besides, Uniben JSC (owner of 3 Mien Noodles brand) is also a shareholder holding more than 2.6% of shares.
Individual shareholder Vu Huy Hoang holds more than 4.8% of shares. Refrigeration Electrical Engineering Corporation (REE) of Ms. Nguyen Thi Mai Thanh owns nearly 2% of shares. REE is a company with very strong financial investment activities in recent years.
It can be seen that the group of shareholders represented by Mr. Dang Khac Vy (born in 1968, Nghe An) still holds the majority. Once a secretive businessman, Mr. Vy became widely known in 2013 after VIB reorganized its senior personnel. Mr. Vy took over the position of Chairman of the Board of Directors from Mr. Han Ngoc Vu. In fact, Mr. Vy was a founding shareholder with a large ownership ratio, associated with and laid the foundation for VIB for decades before that, but only revealed himself in 2013.
Mr. Vy's group of shareholders and related people are holding more than 514 million shares, worth nearly 10,000 billion VND.
Mr. Dang Khac Vy was once very famous for his instant noodle business in Russia. He is the founding member and Chairman of Mareven Food Holding Limited - a food and consumer goods manufacturing enterprise in Eastern and Western European markets. Uniben and Unicap are also enterprises operating in the food sector.
VIB is one of the 10 most profitable banks in the Vietnamese banking system and the first bank to complete all three pillars of Basel II. In 2022 and 2023, VIB will earn a record profit of about VND8,500 billion/year. VIB focuses on individual customers and does not make large loans.
After many years of restructuring, the banking system has clearly improved, bad debt across the system has decreased sharply, profits have increased sharply and safety ratios have increased. Many banks have made strong breakthroughs and entered the group with profits of thousands of billions.
Source: https://vietnamnet.vn/bong-dang-dai-gia-dung-sau-doanh-nghiep-chi-nghin-ty-dong-mua-co-phan-vibank-2329720.html
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