(NLDO)- TMT Motor believes that TMT shares increased to the ceiling for 5 sessions due to market demand, which is beyond the company's control.
*TMT: TMT Motors Corporation has just released a report explaining the situation of TMT's stock price increasing to the ceiling for 5 consecutive sessions. Accordingly, TMT said that the reason for the stock price increasing to the ceiling from December 25 to December 31 was due to market demand and was beyond the company's control.
The company's business activities are still operating normally as planned. Accordingly, in 2024, the company has restructured, reduced redundant staff, recruited more qualified staff; restructured suppliers, including credit institutions, and reviewed and reduced costs (20% - 25% of office costs). At the same time, the company also cut losses and released all inventories from previous years.
In the 2025 plan, the company has agreed with foreign partners on commercial vehicle models (18 models from 500kg to 40 tons) and new electric vehicles (7 models, including 2-seat electric vehicles replacing motorbikes) expected to cooperate in production, assembly and sale in Vietnam from the first quarter of 2025. Closing today's trading session (January 2), TMT shares continued to increase for the 6th session (equivalent to 40%) to 10,500 VND/share.
Vehicles assembled and distributed in Vietnam by TMT Motor
TMT Motor is a notable company when participating in the electric vehicle market by assembling and distributing a number of car models in Vietnam. In which, the Wuling Mini EV is a famous small electric car model in China. Recently, TMT Motors has agreed with the SGMW joint venture (SAIC, General Motors and Wuling) to launch the commercial version of Baojun E100, Baojun Yep 2023 and Baojun Yep Plus in the Vietnamese market.
*HAP: HAPACO Group Joint Stock Company has just announced transaction information about insiders Vu Xuan Thuy (currently holding 4.779 million shares, accounting for 4.3%) and Vu Xuan Thinh, Vu Xuan Cuong, who are related to the company's insider, Chairman of the Board of Directors Vu Duong Hien, wanting to register to buy 10.46 million HAP shares from January 7 to February 5, increasing the percentage of shares held before the transaction to 14.36 shares (12.93%). The expected number of shares held after the transaction is 24.83 million shares (equivalent to 22.35%).
*CDC : Chuong Duong Joint Stock Company (CDC) issued a resolution on transferring 49% of CDC's charter capital at Chuong Duong Trading Joint Stock Company. After the transaction, CDC's ownership ratio in Chuong Duong Trading Joint Stock Company will decrease from 70% to 21%. CDC's capital contribution value in the company is 1.4 million shares (14 billion VND).
*VRC : Saigon-Hanoi Securities Joint Stock Company (SHS) has announced that it has become a major shareholder of VRC Real Estate Investment Joint Stock Company (VRC). Accordingly, the percentage of shares held before the transaction was 1.986 million shares (accounting for 3.97%). It has completed the purchase of an additional 5.285 million shares, increasing the ownership ratio to 7.27 million shares, accounting for 14.54%. The transaction date to change the ownership ratio and become a major shareholder is December 30, 2024.
At the same time, a major shareholder of VRC, Ms. Tran Thi Van, announced that she had just completed the sale of all 5.28 million VRC shares, reducing her ownership ratio of VRC shares from 12.08 million shares (24.17%) to 6.799 million shares (equivalent to 13.6%). The reason for the sale was for personal needs.
*KDH: Khang Dien House Trading Joint Stock Company (KDH) announced that two insiders related to VinaCapital Modern Economic Stock Fund have just completed selling 23,425 KDH shares. At the same time, these two shareholders related to Vinacapital Fund Management Joint Stock Company will register to buy 1.5 million KDH shares within the next month to restructure their investment portfolio.
A series of enterprises changed the number of listed shares after increasing charter capital from January 2.
Specifically, SSI Securities Corporation changed its listing to 150.91 million shares, up to 1,963 million shares; Ho Chi Minh City Infrastructure Services Corporation (CII) changed its listing to 974,300 shares, up to 319.752 million shares. PC1 Group Corporation (PC1) also changed its listing to 46.64 million shares, up to 357.642 million shares; Saigon Thuong Tin Real Estate Corporation (SCR) also changed its listing to 34.93 million shares, up to 439.59 million shares.
Source: https://nld.com.vn/chung-khoan-truoc-gio-giao-dich-3-1-vi-sao-co-phieu-tmt-motor-tang-tran-5-phien-lien-tuc-196250102215838593.htm
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