The transaction is expected to be carried out from September 18 to October 17, 2024 through negotiation and order matching. At the same time, a financial investment company related to the female Chairwoman of Nhat Viet Securities is also registering to buy a large amount of shares.
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| Major transactions involving internal shareholders of Nhat Viet Securities are being implemented. |
Mr. Tran Anh Thang, Vice Chairman of the Board of Directors and General Director, in charge of corporate governance of Nhat Viet Securities Joint Stock Company (code VFS, HNX floor) announced his registration to sell more than 7.6 million VFS shares, equivalent to 6.34% of the company's capital.
The purpose of this transaction, as proposed by Mr. Thang, is to reduce the ownership ratio in the company.
The transaction is expected to be carried out from September 18 to October 17, 2024 through negotiation and order matching.
Before the transaction was made, Mr. Thang was holding more than 15.6 million shares, equivalent to 13.01% of Nhat Viet Securities' capital. If the transaction is successful, this leader will reduce his ownership to 8 million shares, equivalent to 6.67%.
Mr. Tran Anh Thang was born in 1984 and graduated with a Master's degree in Finance and Banking from Latrobe University (Australia). He became a member of the Board of Directors of Nhat Viet Securities in February 2017, then was appointed as Chairman of the Board of Directors in March 2017, and concurrently held the position of General Director in May 2018. In April 2021, Mr. Thang held the position of Vice Chairman of the Board of Directors and General Director until now.
In addition to key roles at Nhat Viet Securities, Mr. Thang is also an independent member of the Board of Directors at Vietnam Export Import Commercial Joint Stock Bank (Eximbank, code EIB, HoSE floor).
On the other hand, Hoa An Financial Investment Joint Stock Company has registered to buy 20.5 million VFS shares, equivalent to 17.08% of the company's capital. The transaction is expected to take place from September 16 to October 15, 2024 through negotiation and order matching. Before the transaction was carried out, Hoa An Financial Investment Joint Stock Company did not hold VFS shares.
In 2024, Nhat Viet Securities' senior leaders recorded notable fluctuations. Ms. Nghiem Phuong Nhi, Chairwoman of Hoa An Financial Investment Joint Stock Company, concurrently assumed the position of Chairwoman of the Board of Directors at Nhat Viet Securities from April 2024. Similar to Hoa An, Ms. Nghi currently does not hold VFS shares.
At the end of the second quarter of 2024, the company reported a profit of VND 29.95 billion, down 19.48% over the same period. According to the explanation, the profit in the second quarter of 2024 decreased due to increased operating revenue but the difference in revaluation of FVTPL financial assets increased, and interest on deposits decreased. Along with that, brokerage operating expenses increased, expenses from losses from selling financial assets through FVTPL profits and losses, financial provision expenses, handling of bad receivables losses, financial impairment losses increased... On the other hand, management expenses, interest expenses, and corporate income tax expenses increased. Accumulated in the first 6 months of the year, profit after tax reached more than VND 57 billion, up 30% over the same period and achieving nearly 46% of the annual plan.
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| VFS stock price "went backwards" after changing floors. |
In early August, the State Securities Commission imposed an administrative penalty on Nhat Viet Securities in the securities sector with a fine of VND 187.5 million. The reason was that the company violated regulations on lending restrictions. Specifically, in the two years 2022-2023, the company disbursed advance sales proceeds to insiders and related parties of insiders of the company.
The company was also fined VND137.5 million for allowing customers to withdraw money beyond their current purchasing power in their margin trading accounts. In 2023, the company allowed 4 customers to withdraw money beyond their current purchasing power in their margin trading accounts. The total fine imposed on VFS is VND325 million. The decision takes effect from August 2, 2024.
On the stock market, VFS shares are trading at VND13,300/share, down 32% compared to the end of last year. Nhat Viet Securities has listed VFS shares on the UPCoM market since 2020. In July 2023, VFS shares were transferred to be listed on the HNX with a reference price of VND21,200/share. The stock price and capitalization of Nhat Viet Securities have declined significantly after more than a year of changing floors.
Source: https://baodautu.vn/ceo-chung-khoan-nhat-viet-muon-thoai-634-von-d225218.html
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