ROX Living wants to sell nearly 59 million MSB shares

Ho Chi Minh City Stock Exchange has just announced the stock transaction of a related organization of Vietnam Maritime Commercial Joint Stock Bank (MSB).

Accordingly, ROX Living JSC has registered to sell nearly 58.8 million MSB shares with the purpose of restructuring the investment by negotiation method from May 30 to June 28, 2024.

Before the transaction, ROX Living was holding nearly 76.8 million MSB shares, equivalent to 3.84%. If the transaction is successful, the company will reduce its ownership ratio to 18 million shares, equivalent to 0.9% of the bank's capital.

MSB stock price movements in the past 6 months (FireAnt).

ROX Living (formerly TNGRealty) has a portfolio of activities including: residential projects, commercial projects and resorts...

Ms. Nguyen Thi Nguyet Huong, Chairwoman of ROX Group, is the wife of Mr. Tran Anh Tuan, Chairman of MSB. Ms. Huong does not directly own shares of MSB.

However, in MSB's 2023 governance report, in addition to ROX Living, organizations related to ROX Group such as ROX Key (formerly TNS Holding) own 48.6 million MSB shares, equivalent to 2.4% of capital, TN Property Management owns 15.6 million MSB shares, equivalent to 0.8% of capital.

In early 2024, ROX Living was fined VND 2.9 billion by the State Securities Commission for selling 9.7 million MSB shares (negotiated transaction) equivalent to nearly VND 97.2 billion in par value of MSB shares in August 2022 but did not report to HoSE about the expected transaction.

In the market, in the morning trading session on May 28, MSB shares were trading around 13,500 VND/share with a trading volume of more than 600,000 units .

Source: https://www.nguoiduatin.vn/rox-living-muon-ban-ra-gan-59-trieu-co-phieu-msb-a665625.html