FSN Asia Private Limited has just released a report on the results of its ADG stock transactions - Clever Group Joint Stock Company - from February 20th to March 21st, 2025.
Previously, this investor from Singapore had registered to sell over 4.6 million ADG shares during the aforementioned period. However, during this time, the trading volume of ADG shares was very small, and there were not enough buyers in the market interested in purchasing the shares that FSN Asia registered to sell.
As a result, FSN Asia failed to sell any of the more than 4.6 million shares it registered to sell. By the end of the trading registration period, FSN Asia still held more than 8.28 million ADG shares, equivalent to 38.75% of Clever Group's charter capital.
After failing to sell its shares, FSN continued to register to sell ADG shares, citing a strategic business decision aimed at redirecting resources to explore new business opportunities. Specifically, FSN Asia registered to sell over 4.68 million ADG shares between April 1, 2025 and April 30, 2025. If the shares are sold, this shareholder's stake in Clever Group will decrease from 38.75% to 16.84%.
FSN Asia Private Limited is currently the largest shareholder of Clever Group, followed by Mr. Nguyen Khanh Trinh - Chairman of the Board of Directors. Most recently, Mr. Trinh purchased an additional 71,492 ADG shares on March 12, 2025 through an agreement, increasing his stake to 28.31%.
Previously, when registering to buy more shares, Mr. Trinh's stated purpose was "buying more because the price is low." However, with the transaction value of VND 786.41 million recorded on March 12th, the price Mr. Trinh paid for each ADG share was approximately VND 11,000/share. Meanwhile, the market price of ADG has remained around par value since February 6th, never exceeding VND 11,000/share. This means that the price Mr. Trinh paid was significantly higher than the price he would pay for shares traded through order matching on the stock exchange.
For FSN Asia, this is not the first time they have failed to sell shares. Earlier in 2025, this foreign fund had registered to sell shares from January 13th to February 11th, 2025, but the sale was unsuccessful due to low market liquidity.
On the market, ADG's share price has continued its downward trend since mid-June 2023. During that period, ADG was trading at nearly 40,000 VND per share. Thus, the current value of this stock has decreased by approximately 75% compared to its price in mid-2023. ADG's liquidity is quite poor, with some trading sessions seeing only a few hundred units traded.
FSN Asia became a major shareholder of Clever Group in August 2023, but since then the company has not paid any dividends. Coupled with the sharp drop in share price, FSN Asia's investment in this advertising company is currently incurring losses.
Source: https://baodautu.vn/quy-ngoai-mac-ket-o-clever-group-d260161.html
Comment (0)