VietNamNet Bridge - Many investors have spent hundreds or thousands of billions of dong to buy a stake in state enterprises. 

The investors’ attention has been drawn to the sale of HHC, the shares of Hai Ha Confectionary, one of the largest sweets manufacturers. Vinataba, which holds 51 percent of HHC, has registered to sell all its shares. 

To investors’ surprise, the two individual shareholders who spent hundreds of billions of dong to acquire HHC are unfamiliar names. 

One of them is Nguyen Thi Duyen, who spent VND400 billion on March 22 to acquire 8.4 million HHC. One week before, Vu Hai, spent VND155 billion to buy 3.9 million HHC.

Many investors have spent hundreds or thousands of billions of dong to buy a stake in state enterprises.

Similar things have happened with the Huu Nghi Food JSC (HNF). HNF had not caught attention from investors until Nguyen Van Dung and Luu Thanh Tam spent VND260 billion in total to acquire 6 million shares.

Moc Chau Milk became well known after it was transferred to a private company. GTNFoods spent VND1.3 trillion to buy Moc Chau’s holding company – Vilico. It was also the investor which spent VND500 billion to acquire Vinatea, the largest Vietnamese tea producer.

In the real estate sector, many individuals have quietly acquired large-scale projects. In mid-2014, the Thanh Hoa Construction Company owned by Truong Lam spent hundreds of billions of dong to take over Sky Park Residence and Ha Do Mercure Hanoi. 

Meanwhile, Hai Phat JSC is now better known after acquiring a series of projects, including Vinafco Building. Van Cuong is behind the acquisition of thousands of square meters of land managed by the Vietnam Feature Film Company.

IPOs lure big investors 

In 2016, investors heard about the appearance of a new upstart – Pham Hoanh Son, dubbed ‘Son xay xat’ (Son milling) when the millionaire from Ha Tinh province acquired the ‘golden land plot’ put under the management of Cao Su Sao Vang, a rubber company.

Later, they discovered that Son is the owner of many companies operating in different fields, including trade, transport, mining and construction.

Investors have become curious about a new investor, Hoan Loc Viet, after a deal transfer of hundreds of billions of dong worth of aviation shares. 

He was an unfamiliar name to the investors in the stock market, but he is believed to have influence in the business community, related to SASCO shares, SGN (a land service company) and Johnathan Hanh Nguyen, known as the ‘branded goods King’.

US$1=VND22,000

RELATED NEWS

Vietnam Rubber Group to offer 25% capital in Q2 IPO

PV Power to launch IPO this year

M. Ha