On November 1, the Ho Chi Minh City Stock Exchange (HoSE) announced information about the cancellation of the sale transaction of more than 2.6 million VIB shares (Vietnam International Commercial Joint Stock Bank) made on October 31 by Ms. Le Thi Hue due to failure to disclose information and report before the transaction.

Ms. Le Thi Hue is related to Mr. Dang Khac Vy, Chairman of the Board of Directors of VIB Bank.

The decision was made based on the monitoring results of HoSE and the opinion of the State Securities Commission (SSC) in the official dispatch dated November 1 on handling of investor transactions.

Before Ms. Hue placed the sell order, an internal shareholder at VIB, Mr. An Thanh Son, Deputy General Director, sold 2 million shares from October 9-15.

Recently, VIB has recorded many changes in its shareholder structure. While foreign shareholders have been selling heavily, the bank has seen the appearance of a new group of investors holding over 5% of shares.

Specifically, Unicap Joint Stock Company headquartered in Ho Chi Minh City on September 24 successfully purchased more than 66.7 million shares to increase its ownership ratio from 0% to 2.241%, becoming a major investor, holding more than 5% at VIB. With the share price on September 24 at VND19,100, it is estimated that Unicap spent about VND1,270 billion on this share purchase.

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Mr. Dang Khac Vy, Chairman of VIB. Photo: DV

After the transaction, the group of shareholders including Unicap and two related individuals, Nguyen Thuy Nga and Tong Ngoc My Tram, hold a total of nearly 222.6 million VIB shares, equivalent to 7.47% of capital.

Also related to the change in major shareholder ownership, on September 26, foreign shareholder Commonwealth Bank of Australia (Australia) successfully sold 148 million shares, thereby reducing the number of shares held from more than 588.2 million units to more than 440 million units, equivalent to a reduction from 19.74% to 14.78%.

Immediately after the above two transactions, VIB had an updated report on shareholders holding more than 1% of the bank's capital, in which this bank updated the list with the name of Unicap Joint Stock Company.

Accordingly, 19 shareholders own about 1.8 billion shares, equivalent to about 70% of charter capital. Of which, there are 13 individuals and 6 organizations (including Unicap from September 24).

The shareholder structure at VIB is divided into 5 large groups. Of which, Chairman Dang Khac Vy and related people own more than 20% of the charter capital. Particularly, the startup tycoon from Eastern Europe Dang Khac Vy owns 4.949% of the shares. The group of people related to Mr. Dang Khac Vy owns more than 15.316%. Ms. Tran Thi Thao Hien, Mr. Dang Khac Vy's wife, holds 125 million shares, equivalent to more than 4.9%. Two organizations related to Mr. Vy are Beston JSC owning more than 4.68% and Funderra JSC owning 4.68%.

The second group is the strategic shareholder and also the largest shareholder of VIB, Commonwealth Bank of Australia (CBA), owning more than 440 million shares, equivalent to 14.78%.

The third group is Do Xuan Hoang (member of the Board of Directors) holding nearly 4.95% and related people holding more than 4.34%. Of which, Mr. Hoang's two children each hold 1.277% and Mr. Hoang's father holds nearly 0.3%.

The fourth group is the new group of Unicap JSC and two related individuals, Nguyen Thuy Nga and Tong Ngoc My Tram, holding a total of 7.47% of capital.

The fifth group is the group of another secretive business - Vice Chairman of the Board of Directors Dang Van Son. Mr. Son does not hold VIB shares but his wife, Ms. Dang Thi Thu Ha, holds 2.73%. Related people hold 0.7%.

In addition, Uniben JSC (owner of the 3 Mien noodle brand) is also a shareholder holding more than 2.6% of shares. This is a company that was once related to Mr. Son and Mr. Vy's brother.

Thus, the group of shareholders represented by Mr. Dang Khac Vy (1968, Nghe An) is still in control.

The shadow of the tycoon behind the trillion-VND purchase of VIB shares . There have been recent changes in the shareholder structure of Vietnam International Commercial Joint Stock Bank (VIB). A group of foreign shareholders suddenly sold out, and a new domestic tycoon took ownership.