What does the owner of Vietcap Securities (VCI) currently own?

Shareholders have just sold 13 million VCI shares, which own many well-known brands.

Businesswoman Truong Nguyen Thien Kim is known as the owner of a series of famous brands in the F&B industry, such as the Phe La coffee chain and Cafe Katinat. At the time of establishment, Ms. Kim held a controlling stake of up to 50% of the charter capital of these two brands.

Ms. Thien Kim also holds leadership positions at International Dairy Products Joint Stock Company (IDP), Ben Thanh Trading and Service Joint Stock Company (BTT), and Western Bus Station Joint Stock Company (WCS)...

Vietcap Securities (VCI) just experienced a sell-off of 13 million shares (Photo: Provided).

Additionally, Ms. Kim is also known as the wife of Mr. To Hai, General Director of Vietcap Securities Joint Stock Company (Code: VCI). However, her recent transaction selling 13.2 million VCI shares has resulted in her no longer being a major shareholder in Vietcap Securities.

Specifically, Ms. Thien Kim has registered to sell 13.2 million VCI shares due to personal needs. The registration period for the sale is from September 4, 2024 to October 3, 2024. The transaction will be conducted through order matching or negotiated agreement. It is estimated that Ms. Thien Kim will earn approximately 623 billion VND from this transaction.

If she successfully sells all 13.2 million shares, Ms. Kim will only hold 9.6 million shares, equivalent to 2.18% of the charter capital. Therefore, Ms. Kim will no longer be a major shareholder of Vietcap Securities.

Ms. Thien Kim's share sale took place immediately after she received an interim cash dividend of 4%. Based on her shareholding, Ms. Kim is estimated to have received 9.1 billion VND. Her husband, Mr. Hai, the General Director of Vietcap Securities, received 39.6 billion VND.

How is Vietcap Securities doing in business?

In terms of business performance, in Q2/2024 Vietcap Securities recorded operating revenue of VND 915.8 billion. After-tax profit reached VND 279.2 billion, an increase of nearly 140% compared to the same period last year.

The company explained that these positive business results were due to favorable market conditions, and the proprietary trading segment recorded significant profits from several investments. In particular, profits from FVTPL financial assets reached VND 447.6 billion, a 4.4-fold increase compared to the beginning of the year.

In addition, lending activities also recorded a revenue increase of 38%, reaching VND 234.5 billion. Brokerage activities also recorded a growth of 30%, reaching VND 180.7 billion.

Revenue grew strongly, but conversely, expenses also increased significantly. Operating expenses reached VND 360 billion, 2.5 times higher than the same period last year. Losses from FVTPL financial assets also increased by 450% to VND 198.4 billion. Proprietary trading expenses increased more than threefold, reaching VND 10.8 billion. Securities brokerage fees also increased by 51%, reaching VND 134.8 billion.

VCI's cumulative operating revenue in the first six months of 2024 reached VND 1,722.2 billion, an increase of 72.2% compared to the same period last year. After-tax profit reached VND 477 billion, a significant increase of 2.5 times. Compared to the 2024 plan, the company has already achieved 80% of its full-year target.

Assets increased sharply in line with the increase in debt.

At the end of Q2 2024, VCI's total assets reached over VND 23,100 billion, an increase of 34% compared to the beginning of the year. Notably, the majority of this asset increase came from debt.

Specifically, liabilities increased by nearly 10,000 billion VND, reaching 14,200 billion VND. Compared to the beginning of the year, the amount of liabilities has increased by 44%. The majority of this increase comes from short-term borrowings, which increased by nearly 38%, from 9,000 billion VND to nearly 12,300 billion VND.

Nevertheless, the company's assets also recorded a sharp increase in cash, up 7.2 times, reaching VND 3,900 billion. Financial assets (FVTPL) also increased 8.2 times, reaching over VND 1,000 billion. Other assets increased by 20%, reaching VND 8,500 billion. The outstanding loan balance at the end of Q2/2024 remained unchanged at VND 7,900 billion compared to the beginning of the year.

Source: https://www.congluan.vn/nu-doanh-nhan-thien-kim-vua-xa-ban-132-trieu-co-phieu-vietcap-vci-dang-so-huu-nhung-gi-post309708.html