Ms. Nguyen Thi My Hanh has just been fined 1 billion VND by the authorities for illegally trading more than 6.4 million ITA shares.
Ms. Nguyen Thi My Hanh is the sister-in-law of Ms. Dang Thi Hoang Yen - Chairwoman of ITA Board of Directors and wife of Mr. Dang Quang Hanh, Vice Chairman of ITA Board of Directors.
According to the State Securities Commission, Ms. Hanh has illegally bought and sold shares many times. Specifically, she bought more than 1.1 million shares and sold nearly 4.7 million ITA shares of Tan Tao Investment and Industry Joint Stock Company in June 2022. Then, in July 2022, Ms. Hanh also sold 88,000 shares and in September 2022 continued to sell 520,000 ITA shares.
Therefore, the authorities decided to fine Ms. Hanh 1 billion VND and additionally fine her by suspending her transactions for 3.5 months.
The secret sale of ITA shares helped Ms. Hanh escape the downward trend of ITA shares. In June 2022, ITA shares fluctuated at VND7,180-12,750 per share. As of November 2022, this stock dropped to more than VND2,000 per share. Currently, the stock has increased again to VND6,270 in the trading session on January 25.
According to ITA's 2023 semi-annual management report, Ms. Dang Thi Hoang Yen holds 54.35 million shares (5.79%). Mr. Dang Thanh Tam (Ms. Yen's younger brother) holds 29.06 million shares (3.1%). Mr. Hanh and his wife no longer hold any shares.
In the first 9 months of the year, ITA's revenue reached 332.7 billion VND, down 28.8% over the same period; profit after tax reached nearly 115 billion VND, down 25% over the same period in 2022.
Hong Chau
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