Why does the Chairman of Nam Long want to sell 2 million NLG shares?

*KDH: Vietnam Ventures Limited, a fund under VinaCapital, has announced the successful sale of 9.54 million KDH shares of Khang Dien Investment and Business Company, out of a total of 11.9 million shares registered for sale. The transaction period was from August 22nd to September 20th.

This fund continues to register to sell 2.43 million KDH shares for the purpose of restructuring its investment portfolio. The transaction is expected to take place from September 27 to October 26.

*PVD: DC Developing Markets Strategies Public Limited Company, a fund member of Dragon Capital, sold 500,000 PVD shares of Vietnam Oil and Gas Drilling and Services Corporation (PV Drilling) on ​​September 19th, reducing its ownership stake to 4.9%. It officially ceased to be a major shareholder in PV Drilling on September 23rd.

Illustrative image

*NLG: Mr. Nguyen Xuan Quang - Chairman of the Board of Directors of Nam Long Investment Corporation (stock code: NLG) - registered to sell 2 million NLG shares to restructure his personal finances. The transaction is expected to take place from September 30th to October 29th, reducing his ownership stake to 9.9%.

Notably, prior to this, Mr. Quang's two sons, Nguyen Nam and Nguyen Hiep, had registered to buy a total of 2 million NLG shares, exactly the same amount of shares and within the same period their father registered to sell.

*SMC : The Board of Directors of SMC Investment and Trading Joint Stock Company (stock code: SMC) has just approved the transfer of land use rights and assets attached to the land at SMC Da Nang One -Member Limited Liability Company (a subsidiary of SMC), with an expected transfer price of over 96 billion VND.

Dividend payment

*CTR : On October 18th, Viettel Construction Joint Stock Company (stock code: CTR) will pay a cash dividend at a rate of 27.2%. The ex-dividend date is September 27th. The record date is September 30th.

*NDX: On October 17th, Da Nang Housing Development and Construction Joint Stock Company (stock code: NDX) will pay a cash dividend at a rate of 3.75%. The record date is September 27th.

* PC1: Board of Directors of PC1 Group Joint Stock Company   (Stock code: PC1) has just decided to implement a plan to issue 46.6 million PC1 shares to pay dividends, at a rate of 15% (on the last registration date, shareholders owning 1 share will receive 1 right, and for every 100 rights, they will receive 15 newly issued shares). The implementation is expected to take place in the fourth quarter of 2024.

*PNJ: On October 16th, Phu Nhuan Jewelry Joint Stock Company (stock code: PNJ) will pay the second dividend for 2023 in cash, at a rate of 14%. The ex-dividend date is October 2nd. The record date is October 3rd.

Source: https://nld.com.vn/chung-khoan-truoc-gio-giao-dich-25-9-vi-sao-chu-tich-nam-long-muon-ban-2-trieu-co-phieu-nlg-196240924224859408.htm