Mr. Do Quang Vinh, Mr. Hien's son, will spend more than 86 billion to buy SHS shares.

Saigon-Hanoi Securities Company (stock code SHS) has just announced that Mr. Do Quang Vinh, Chairman of the Board of Directors, registered to buy 5 million SHS shares from February 28 to March 28. The purpose of the transaction is to restructure the investment portfolio. Mr. Do Quang Vinh is also the son of businessman Do Quang Hien - also known as Mr. Hien. Mr. Do Quang Vinh is currently Vice Chairman of the Board of Directors of Saigon-Hanoi Bank for the 2022-2027 term.

At the end of the session on February 23, SHS shares were priced at VND17,300. To buy all the registered shares, Mr. Do Quang Vinh will spend about VND86.5 billion. If the purchase is successful, the SHS chairman will increase his ownership from 7.5 million units (0.92% of capital) to 12.5 million units (1.54% of capital).

Mr. Do Quang Vinh (left) - son of Mr. Hien, Chairman of SHS Securities registered to buy 5 million SHS shares

Previously, Mr. Le Dang Khoa, a member of the Board of Directors of SHS, also registered to buy 531,250 shares from February 1 to March 1, doubling his ownership from 0.07% to 0.14%. On the contrary, another member of the Board of Directors, Ms. Nguyen Thi Trinh, sold all 337,500 shares (0.04% of capital) on January 18.

Meanwhile, the Board of Directors of SHS Securities Company in early February also issued a decision approving the resignation of Mr. Vu Duc Tien from the position of General Director and legal representative according to his personal request to take leave for medical treatment. At the same time, SHS appointed Mr. Nguyen Chi Thanh - Deputy General Director of the company - to hold the position of General Director and legal representative of the company.

In 2023, SHS achieved revenue of VND 1,460 billion, down 5.32% compared to 2022, but pre-tax profit increased sharply by 247% to VND 684.2 billion.

Source link: https://thanhnien.vn/con-trai-bau-hien-ong-do-quang-vinh-se-chi-hon-86-ti-mua-co-phieu-shs-185240223181504995.htm