Mr. Ho Hung Anh's mother is about to sell 174 million Techcombank shares to her grandson.

VietNamNetVietNamNet23/11/2023


Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has just announced that four relatives of Mr. Ho Hung Anh, Chairman of Techcombank, have registered to trade shares.

Accordingly, Ms. Nguyen Thi Thanh Tam - the biological mother of Mr. Ho Hung Anh - wants to sell all 174.13 million shares, equivalent to 4.95% of capital, to her three grandchildren, Ho Minh Anh, Ho Thuy Anh and Ho Anh Minh. After the transaction, Ms. Tam will no longer hold any shares of Techcombank.

The transaction is expected to be conducted through order matching and negotiation from November 28 to December 21.

Previously, with the above assets, Ms. Nguyen Thi Thanh Tam was often in the top 25 richest people on the Vietnamese stock market.

Also according to the announced information, Ho Anh Minh registered to buy 34.4 million shares, thereby increasing his holdings from 137.96 million units to 172.34 million units, corresponding to a ratio from 3.92% to 4.9%.

hohunganh.jpg
Mr. Ho Hung Anh.

Ho Thuy Anh registered to buy 67.68 million shares, increasing her holdings from 104.66 million units to 172.34 million units, equivalent to a ratio of 2.98% to 4.9%.

Ho Minh Anh currently does not own any shares and has registered to buy 72.06 million shares, a 2.05% ownership ratio.

In September, Ho Thuy Anh spent 2,600 billion to buy 82 million TCB shares.

Mr. Ho Hung Anh, Chairman of the Board of Directors of Techcombank, is holding more than 39.3 million TCB shares, equivalent to 1.11% of the bank's charter capital.

In the third quarter of 2023, Techcombank had a pre-tax profit of VND5.8 trillion and had the highest capital adequacy ratio (CAR) in the banking industry. In the first 9 months of the year, the bank's profit reached VND17,115 billion, 17.8% lower than the same period last year. TCB is in the top 5 banks with the largest profits, after only 3 big banks: Vietcombank, BIDV, Vietinbank and MBBank.

Previously, Techcombank had periods of time when it ranked second in the system in terms of profit, just behind Vietcombank.

Techcombank's breakthrough under Mr. Ho Hung Anh is remarkable.

After more than 10 years under the leadership of Mr. Hung Anh, Techcombank became the first private bank in Vietnam to reach the milestone of 10,000 billion VND in pre-tax profit. In 2022, for the first time, this bank's profit reached 25,600 billion VND, exceeding 1 billion USD. For many years, TCB's profit was second only to Vietcombank in the entire banking system.

On the stock exchange, shares on November 23 fell nearly 1.8% to VND30,400/share.

Billionaire Ho Hung Anh's daughter has completed a trillion-dollar deal to buy Techcombank shares . Ms. Ho Thuy Anh, daughter of Techcombank Chairman Ho Hung Anh, has completed the purchase of nearly 82.2 million shares of this bank as previously registered.


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