VIB Chairman's Sister-in-Law Had Her Transaction of Selling More Than 2.6 Million Shares Cancelled

(Dan Tri) - Ms. Le Thi Hue, who is related to Mr. Dang Khac Vy - Chairman of the Board of Directors of VIB - sold more than 2.6 million shares of this bank without notice. The transaction was canceled.

The Ho Chi Minh City Stock Exchange (HoSE) announced the removal of the sale of more than 2.6 million VIB shares on October 31 by Ms. Le Thi Hue. Ms. Hue is the sister-in-law of Mr. Dang Khac Vy, Chairman of the Board of Directors of VIB International Bank (stock code: VIB).

The reason for canceling the transaction was that Ms. Hue did not disclose information or report before the transaction.

A transaction involving VIB shares has just been eliminated (Illustration photo: VIB).

According to current regulations, insiders and related parties must disclose information at least 3 working days before making a transaction. The transaction period must not exceed 30 days from the date of registration for the transaction.

On VIB’s website, at 11:36 a.m. on November 1, the bank announced information about Ms. Hue’s transaction, with a plan to sell all of more than 2.6 million shares, equivalent to 0.103% of capital, from November 6 to December 5. If the transaction is successful, Ms. Hue will no longer own shares in this bank. The document was signed by Ms. Hue and reported on October 31.

According to the management report for the first 6 months of the year, Mr. Dang Khac Vy and related people own about 19% of the capital of this bank.

Recently, VIB's shareholders have changed. According to the update on October 4, the major shareholder Commonwealth Bank (CBA) still owns more than 440 million shares, accounting for 14.776%. Meanwhile, Unicap Joint Stock Company and related parties increased their ownership to 7.47% of the company's capital.

This is not the first time HoSE has canceled a transaction when a leader or related person made a transaction without reporting it. In 2022, HoSE canceled the sale of 74.8 million FLC shares on January 10 by Mr. Trinh Van Quyet because he did not report or disclose information before making the transaction as required.

Or in 2023, HoSE also canceled the sale of more than 2.6 million LDG shares by Mr. Nguyen Khanh Hung, then Chairman of the Board of Directors of LDG Investment Joint Stock Company.

Source: https://dantri.com.vn/kinh-doanh/chi-dau-chu-tich-vib-bi-huy-giao-dich-ban-hon-26-trieu-co-phieu-20241102060822061.htm