Cancel order to sell millions of shares of a woman related to VIB Chairman Dang Khac Vy

In an announcement on the night of November 1, the Ho Chi Minh Metropolis Inventory Alternate stated it had eliminated the transaction of promoting greater than 2.61 million VIB shares (Vietnam Worldwide Industrial Joint Inventory Financial institution) on October 31. 2024 by Ms. Le Thi Hue.

In accordance with HoSE, Ms. Hue is expounded to Mr. Dang Khac Vy, Chairman of the Board of Administrators of VIB. The explanation for canceling the transaction was that Ms. Hue didn’t disclose info or report earlier than the transaction.

On the financial institution’s web site on November 1, there was a report posted by Ms. Le Thi Hue on the registration to promote the variety of shares equal to the above talked about quantity of shares.

Particularly, in accordance with the report, Ms. Hue registered to promote 2.61 million VIB shares – equal to 0.1% of the financial institution’s constitution capital.

The explanation Ms. Hue bought it was due to private monetary wants. Estimated time is from November 6 to December 5. If the sale is profitable, Ms. Hue will now not maintain capital at VIB.

In accordance with the administration report for the primary 6 months of 2024, Ms. Le Thi Hue is Mr. Dang Khac Vy’s sister-in-law. Ms. Hue is within the case of getting to report earlier than buying and selling.

Within the checklist of shareholders holding over 1% introduced by VIB, Mr. Dang Khac Vy holds greater than 125.5 million shares of this financial institution, equal to just about 5% of constitution capital. Whereas the individual concerned, Mr. Vy holds greater than 15.3% of VIB capital.

Concerning current VIB inventory fluctuations, the October 29 session recorded international buyers promoting VIB shares with a complete worth of greater than 5,400 billion VND.

In September 2024, VIB shares have been additionally bought by international buyers for almost 2,700 billion VND.

Beforehand, on the 2024 extraordinary common assembly of shareholders going down in June, VIB shareholders permitted a proposal to scale back international possession from 20.5% to 4.99%. The laws take impact from July 1, 2024.

On the inventory market, VIB’s market value is eighteen,850 VND/share, down 5% after one month however has elevated almost 30% after one yr.