Stanley Brothers Securities quietly changes ownership.

Specifically, on August 18, 2025, Thanh Vinh Real Estate Investment and Development Joint Stock Company reported that it had acquired over 6.5 million VUA shares, thereby owning 19.366% of the securities company's capital. The transaction was completed on August 12.

On the same day, Nam Quang Infrastructure Investment and Development Joint Stock Company also purchased over 8.3 million shares, thereby owning 24.627% of Stanley Brothers' capital; VIPICO One-Member Limited Liability Company purchased over 6.2 million VUA shares and holds 18.342% of the capital; and Gen Cons Vietnam Construction Investment Joint Stock Company purchased over 8.3 million shares to own 24.64%.

Prior to this transaction, none of the four organizations owned any shares in Stanley Brothers Securities.

In just one day, 87% of this securities company's capital changed hands. Previously, according to Stanley Brothers Securities' annual report, the company had no major shareholders and all 33.9 million outstanding shares were scattered among small domestic shareholders.

According to recorded data, on August 12th, over 32.8 million VUA shares were traded through negotiated transactions with a total value of VND 460.89 billion, equivalent to 97% of the securities company's capital being traded in a single session at an average price of VND 14,024 per share. At that time, the market price of VUA was VND 14,900 per share, and matched orders were very rare on the exchange.

Previously, signals of the leadership's withdrawal were also clearly evident at this securities company.

While Mr. Luyen Quang Thang registered to sell all 300,000 shares he held between August 12th and September 9th and resigned, other members of the Board of Directors, including Mr. Nguyen Quang Anh, Mr. Pham Hoang Hai, and members of the Supervisory Board, also simultaneously resigned on August 12th.

The above information indicates that Stanley Brothers Securities Joint Stock Company has quickly completed the change of ownership. It is known that the new major shareholders of Stanley Brothers are all connected to a large real estate-financial ecosystem: ROX Group and Vietnam Maritime Commercial Bank (MSB).

Previously, at the 2025 annual general meeting, MSB's leadership also revealed plans to invest in and acquire shares in a securities company with a capital of 300-500 billion VND to complete its ecosystem.

Stanley Brothers Securities Joint Stock Company has a charter capital of VND 339 billion. However, after continuous losses in 2023-2024 and a further two-quarter loss streak in the first quarter of this year, as of the end of Q2/2025, Stanley Brothers Securities has accumulated losses of over VND 81.1 billion. The company's total assets are now only over VND 261.7 billion.

Of that amount, the majority of assets are cash and cash equivalents, deposited by Stanley Brothers Securities in banks with a value of VND 152.7 billion.

Source: https://baodautu.vn/chung-khoan-stanley-brothers-am-tham-doi-chu-d365636.html