VNG CEO Le Hong Minh sells nearly 1 million shares, the most expensive on the floor

General Director of VNG Corporation - Mr. Le Hong Minh has just registered to sell more than 983,000 shares with code VNZ of this company by negotiation. The implementation period is from August 21 to 31. Currently, VNG shares are the most expensive shares on the stock exchange at 1.1 million VND.

If he sells all the registered shares, Mr. Le Hong Minh will earn more than 1,000 billion VND. He currently owns 3.53 million VNZ shares, equivalent to 12.27%. If he successfully trades all the registered shares, Mr. Minh will still hold 2.54 million shares, equivalent to 8.85% ownership.

VNZ shares of VNG company are still the most expensive on the stock exchange.

The sale of nearly 1 million shares by agreement does not seem to affect the trading of VNZ shares on the stock exchange. Moreover, the liquidity on the stock exchange through matching orders of this stock is always low, only fluctuating from 2,000 - 5,000 VND per share, so if the leaders sell a large quantity, it will be difficult to succeed, not to mention the stock price can also fall sharply.

Mr. Le Hong Minh is the founder of VNG, holding the position of Chairman of the Board of Directors and General Director of the company. After the shares began trading on UPCoM, he left the position of Chairman of the Board of Directors and only held the position of General Director. Mr. Minh's departure from the position of Chairman of the Board of Directors of VNG may be to comply with the regulation "Chairman of the Board of Directors cannot concurrently hold the position of General Director (Director) of a public company".

VNZ shares were officially traded on the UPCoM registration floor at the beginning of this year with a reference price of VND240,000 in the first session. After that, VNZ quickly became the stock with the highest market price on the stock market with a series of consecutive ceiling price sessions despite matching only 100 shares per session. At one point, VNG's stock price exceeded VND1.5 million. However, profit-taking pressure later caused VNZ to fall below VND1 million. Over the past month, along with the stock market's growth, this stock has also increased by more than 50% and returned to above VND1 million - continuing to hold the position of the most expensive stock on the Vietnamese stock market.

In the first 6 months of this year, VNG achieved revenue of more than 4,000 billion VND and pre-tax profit of nearly 50 billion VND. VNG's main business activities include online games, connection platforms, payment and finance, cloud services...

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