Many business leaders spend billions to buy stocks

After the daughter of Mr. Duc, Chairman of Nam Viet Seafood, many enterprises continue to announce that their leaders have bought shares. Specifically, Hoang Quan Real Estate Consulting - Trading - Service Joint Stock Company (stock code HQC) announced that Chairman of the Board of Directors (BOD) Truong Anh Tuan registered to buy 23 million HQC shares to increase the ownership ratio. This amount of shares corresponds to nearly 4% of the company's outstanding shares.

The transaction is expected to take place from April 15 to May 12. If successful, Mr. Truong Anh Tuan will increase his ownership in Hoang Quan from 2 million shares to 25 million shares. HQC shares have had 4 consecutive floor-price sessions, down to 2,540 VND - the lowest in the past 3 years. Based on the current price, Mr. Truong Anh Tuan will have to spend about 58 billion VND to buy all the registered shares.

Leaders of Hoang Quan Real Estate, Big Invest Group... spend billions to buy stocks

PHOTO: NGOC THANG

Similarly, Mr. Vo Phi Nhat Huy - Chairman of the Board of Directors of Big Invest Group Joint Stock Company (stock code BIG) registered to buy 1 million BIG shares from April 15 to May 15. If the transaction is successful, Mr. Vo Phi Nhat Huy will hold more than 3.5 million BIG shares, equivalent to more than 23% of capital.

BIG shares have hit the floor for 2 sessions, down to 4,000 VND and it is estimated that the Chairman of BIG will have to spend about 4 billion VND for this purchase. BIG also said that the specific business activities of BIG will not be directly affected by the new US tariff policy. Specifically, in the construction materials trading segment, BIG only sells domestically, so revenue growth always goes hand in hand with the overall economic growth rate of Vietnam. In addition, the agricultural trading segment has close cooperation with major Chinese agricultural purchasing partners (mainly durian and coffee). Therefore, this activity is expected to continue to grow strongly in the coming time without being affected by US tariffs.

The leader of another company, Chairman of the Board of Directors of ASG Group (stock code ASG), Mr. Duong Duc Tinh, also registered to buy 3.5 million ASG shares, aiming to increase his ownership ratio from 9.4% to 13.3%. The transactions will be carried out through order matching or negotiation, from April 4 to 29. In contrast to other stocks, since the beginning of April, ASG has had many sessions of price increase and reached 17,500 VND. Temporarily calculating at this price, it is estimated that Mr. Duong Duc Tinh needs to spend more than 61 billion VND to buy all the registered shares.

Meanwhile, Joint Stock Company Tu Liem Urban Development (stock code NTL) has just announced the Board of Directors' Resolution on approving the additional securities investment limit. Specifically, the Board of Directors of the enterprise approved the assignment of Chairman of the Board of Directors Le Minh Tuan to continue to proactively direct the implementation of short-term securities investment on the HOSE and HNX floors with an additional limit of 150 billion VND. Mr. Le Minh Tuan is responsible for reporting to the Board of Directors the results after the transaction. However, the Board of Directors' Resolution did not specify which stocks to buy. According to the 2024 audited financial report, by the end of 2024, NTL recorded more than 143 billion VND in the value of trading securities, and at the same time set aside a provision for devaluation of more than 11 billion VND for this item...

Source: https://thanhnien.vn/nhieu-lanh-dao-doanh-nghiep-chi-tien-ti-mua-co-phieu-185250410081427173.htm