According to new information from the Hanoi Stock Exchange (HNX), Mr. Le Dinh Duong, Chairman of the Board of Directors of Hoa Binh Securities Joint Stock Company (stock code: HBS), has just registered to buy more than 1.5 million HBS shares to increase his ownership ratio.
The transaction is expected to take place from July 15 to August 13. If the purchase is successful, Mr. Duong will increase his holdings of HBS shares from 5 million units (15.1%) to more than 6.5 million units (19.7% of capital).
Provisionally calculated at the closing price on July 13 of VND 10,100/share, the above shares are estimated to be worth about VND 15 billion.
Mr. Duong's purchase took place in the context of HBS shares increasing sharply from mid-June 2024 to now, from the price range of VND 8,000/share to more than VND 10,000/share.
HBS stock price movements over the past 6 months Source: Fireant
Compared to early 2024, HBS shares have increased by nearly 25%.
Mr. Le Dinh Duong, born in 2003, was elected Chairman of the Board of Directors of Hoa Binh Securities Company from the beginning of August 2023.
He is the son of Ms. Nguyen Thi Loan, former Chairwoman of this securities company and also former Chairwoman of Vimedimex Pharmaceutical Group Joint Stock Company.
Around November 2021, Ms. Loan was prosecuted by Hanoi City Police for violations in the land sector.
Regarding business results, at the end of the first quarter of 2024, Hoa Binh Securities recorded operating revenue of nearly VND 9.2 billion, 3 times higher than the same period thanks to income of VND 4.3 billion from holding-to-maturity investment activities.
After deducting expenses and taxes, this securities company reported a profit after tax of more than 4.6 billion VND, a slight increase of 2% compared to the first quarter of last year.
As of the end of March 2024, the value of Hoa Binh's cash and cash equivalents portfolio was recorded at VND 14.9 billion, a slight decrease compared to the beginning of the year.
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