Thuy’s ThaiHoldings' share issuance

Le Phuoc Vu

ThaiHoldings (THD) has announced it will fix the list of shareholders and issue 296.1 million shares to existing shareholders at VND10,000 per share. Investors can register to buy shares from December 14, 2020 to January 18, 2021.

After the issuance, ThaiHoldings’ charter capital will rise from VND539 billion to VND3.5 trillion. THD plans to use VND2.954 trillion to buy 81 percent of shares of Thaigroup, which is also a business of Thuy that was the parent company of Thaiholdings.

Thaigroup once held 74 percent of Thaiholdings’ capital, but it divested all the capital in late 2019.

Thuy is chair of Thaigroup and the biggest shareholder in Thaiholdings, with 20 percent of capital. Prior to that, Thuy held the post of chair of Thaiholdings’ board of directors, but he resigned from the post in February.

Thaiholdings said it would buy Thaigoup shares from nine individual shareholders, including Nguyen Duc Thuy, the biggest shareholder.

Vu makes rapid-fire buy/sell deals

Nguyen Duc Thuy planned a major deal worth VND3 trillion upon his comeback, Doan Nguyen Duc continued to pour money into football, and Le Phuoc Vu made a number of deals.

Hoa Sen Investment Co Ltd of the big businessman Le Phuoc Vu has announced a plan to sell all the shares it is holding in Hoa Sen Group (HSG).

From December 4, 2020 to January 2, 2021, Hoa Sen Investment will sell the remaining 43 HSG shares. The share price has climbed to new peaks recently.

With the closing price of VND18,350 per share on December 1, the amount of shares Hoa Sen Investment wants to transfer has the value of VND790 billion.

Prior to that, Hoa Sen Investment sold 30 million HSG shares for VND550 billion.

Vu is now the chair of both enterprises. He holds 74.3 million HSG shares, or 16.72 percent of capital.

Vu took the move in the context of the HSG share price increase, from VND10,000 in August to VND18,350 per share, a 2-year high. HSG price has increased by four times compared with the low of VND4,300 in March 2020.

Boss Duc gets rich quickly

Though Duc’s businesses are still facing serious difficulties, the strong rise of shares has helped his stock assets increase rapidly, reaching nearly VND1.57 trillion. With the assets, he is among the top 60 stock billionaires.

In fact, Duc has always been listed among ultra healthy people in Vietnam, but has had to struggle to restructure his businesses in recent years.

Hoang Anh Gia Lai Group has registered to transfer 35 million units of shares, to be carried out on November 13 - December 12.

Local newspapers have reported that Duc has successfully invited Kiatisak, dubbed ‘Thai Zico’, to work as the coach of Duc’s HAGL Club.

At least six footballers of HAGL Club were members of the national squad under Coach Park Hang-seo. However, HAGL Club has been sinking in the last few years, and was threatened with V-League relegation.

Duc is famous in the Vietnamese football industry as the pioneer training young footballers. He deserves credit for inviting Park Hang-seo to work as the coach of the national squad.

HNG, the shares of HAGL Agrico, a subsidiary of Hoang Anh Gia Lai Group, has seen the price increase in recent trading sessions. The value of the shares increased by 30 percent within one month.

The strong rise of HAGL Agrico has helped HAG shares of Hoang Anh Gia Lai Group recover with the price increase of 27 percent since August.

Minh Hieu Seafood’s two managers prosecuted

Bac Lieu Police have detained Le Thi Hac, 56, chair and CEO of Minh Hieu Seafood, Ngo Chi Dung, 60, deputy CEO, and Nguyen Thi Ut, 38, cashier, to serve the investigation of the alleged swindling to appropriate assets that occurred at ABBank Bac Lieu Branch, ACB Ca Mau Branch and BIDV Ca Mau Branch. 

Bao Anh

Mystery businessmen pours VND150 billion into ITA, Dang Thi Hoang Yen makes surprise move

The ITA shares of the Tan Tao Group unexpectedly witnessed an impressive trading session with a record high trading volume.

Pocketing trillions of dong, businessmen succeed in new fields

A number of businessmen returning from Eastern Europe have been making great marks in the banking sector.