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

*KDH: Vietnam Ventures Limited Fund under VinaCapital has just announced that it has successfully sold 9.54 million KDH shares of Khang Dien House Investment and Trading Joint Stock Company out of a total of 11.9 million shares registered for sale. The trading period is from August 22 to September 20.

The 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 member fund of Dragon Capital, sold 500,000 PVD shares of PetroVietnam Drilling and Well Services Corporation (PV Drilling) on September 19, reducing its ownership ratio to 4.9%. It officially ceased to be a major shareholder at PV Drilling on September 23.

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

Notably, previously, Mr. Quang's two sons, Nguyen Nam and Nguyen Hiep, registered to buy a total of 2 million NLG shares, the exact amount of shares and within the time period registered for sale by their father.

*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 land at SMC Da Nang LLC (a subsidiary of SMC), the expected transfer price is more than 96 billion VND.

Dividend payment

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

*NDX: On October 17, Danang Housing Development Construction Joint Stock Company (stock code: NDX) paid cash dividends at a rate of 3.75%. Record date is September 27.

* PC1: Board of Directors of PC1 Group Corporation   (stock code: PC1) has just decided to implement the 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 will receive 15 additional issued shares). The expected implementation time is in the fourth quarter of 2024.

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

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