Major shareholder, chairman's son spends thousands of billions to buy MBB and VPB shares

SCIC Investment One Member Co., Ltd. - a subsidiary of the State Capital Investment Corporation - has just registered to buy an additional 3 million shares of the Military Commercial Joint Stock Bank (stock code MBB) for the purpose of financial investment. The transaction method is order matching and negotiation, from September 26 to October 24.

The company currently owns 1.38 million MBB shares, equivalent to a 0.0265% ownership ratio. After the above transaction, the company is expected to hold 4.38 million shares, equivalent to a 0.084% ownership ratio. MBB shares are currently priced at VND18,500. Thus, to buy an additional 3 million shares as registered, SCIC Investment Company will have to spend more than VND55 billion. Meanwhile, by the end of the second quarter of 2023, the State Capital Investment Corporation (SCIC) owned more than 427 million MBB shares, equivalent to a 9.43% ratio.

Cổ đông lớn, con trai Chủ tịch chi hàng ngàn tỉ gom mua cổ phiếu MBB, VPB - Ảnh 1. — VPBank Chairman's son registered to buy 70 million shares

Notably, an individual, Mr. Ngo Chi Trung Johnny, has just registered to buy 70 million VPB shares of Vietnam Prosperity Joint Stock Commercial Bank for investment purposes. The expected implementation time is from October 2 to November 1 by order matching and negotiation. Currently, Mr. Ngo Chi Trung Johnny does not own VPB shares. If the transaction is completed, he will own VPB at 1.04%. VPB shares are currently priced at VND21,700, it is estimated that this individual will have to spend more than VND1,500 billion to buy the registered number of shares.

Ngo Chi Trung Johnny is the son of Mr. Ngo Chi Dung, Chairman of the Board of Directors of Vietnam Prosperity Joint Stock Commercial Bank (VPBank). Mr. Ngo Chi Dung currently holds more than 385 million VPB shares, equivalent to an ownership ratio of 4.87%. According to data from the bank's 6-month management report, the wife and mother of VPBank's Chairman also hold 326.7 million shares and 325.9 million shares, respectively. The proportion of shares held by the group of shareholders related to Chairman Ngo Chi Dung is equivalent to more than 10.6% of VPBank's capital.

The above moves have a positive impact not only on MBB or VPB stocks but are also believed to contribute to spreading to the group of banking stocks in the coming time. Moreover, many securities companies forecast that the banking industry's profits will be more positive in 2024, so the profit prospects of this group of stocks will increase...

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