Stocks hit ceiling for 12 consecutive sessions, Thuong Dinh Shoes spoke up to explain

On December 3, 2025, Thuong Dinh Shoe Joint Stock Company (stock code: GTD) sent an explanation document to the State Securities Commission and Hanoi Stock Exchange about GTD shares hitting the ceiling price for 5 consecutive sessions from November 26, 2025 to December 2.

The company's board of directors affirmed that the company's production and business activities are still operating normally and there have been no unusual fluctuations.

Thuong Dinh Shoes said the stock price increase was an objective development according to the law of supply and demand of the stock market, and committed that the company would not take any action that would affect the transaction price.

Previously, Thuong Dinh Shoes had a written explanation with the same reason for GTD stock price hitting the ceiling for 5 consecutive sessions from November 19 to November 25.

GDT's continuous increase occurred after the news that Hanoi People's Committee is about to divest from Thuong Dinh Shoes.

On November 20, the Hanoi People's Committee plans to auction more than 6.3 million GTD shares it holds, equivalent to nearly 69% of Thuong Dinh Shoes' equity. This is the entire number of shares that the Hanoi People's Committee holds in this "national" shoe company.

The starting price announced is 20,500 VND/share, equivalent to more than 130 billion VND for the entire lot of shares. This price is about 50% higher than the market price of GTD shares on the stock market at the time of the announcement.

With a ownership ratio of nearly 69%, the investor replacing the Hanoi People's Committee at Thuong Dinh Shoes can hold controlling rights to this enterprise.

Recently, the Hanoi People's Council approved a list of pilot projects for commercial housing on other types of land, including the project at the Thuong Dinh Shoe Factory. Accordingly, this land will be converted into commercial housing combined with offices, commerce, services, and Thuong Dinh inter-level school.

The project will be invested by Thuong Dinh Shoes, with an estimated investment capital of 1,600 billion VND. The project implementation period, including factory relocation and construction, is expected to be completed in 2030.

This company itself has expressed its desire to relocate its headquarters and factory from 277 Nguyen Trai since 2019 due to high costs. In the 2019 annual meeting, the company's Board of Directors said that regarding the relocation plan when equitizing, the prospectus stated that by the end of 2018, the production facility at 277 Nguyen Trai will be relocated to Ha Nam .

In addition, the company also has a 17,587 m2 land plot in Dong Van Industrial Park, Ha Nam; a 18,403 m2 land plot in Dong Van Industrial Park, Duy Minh Commune, Ha Nam, lease term until 2054...; and leased land plots in the central street of Ton Duc Thang, old Dong Da district and Ha Dinh, old Thanh Xuan district.

In addition to the headquarters in Hanoi, Thuong Dinh Shoes also has a factory producing leather shoes for export in Dong Van Industrial Park - Ha Nam. According to the company's announcement, this factory only has one line producing fabric shoes, with an output of 50,000 to 60,000 pairs/month, has 150 employees and mainly serves the domestic market.

Ngoc Vy

Source: https://vtcnews.vn/co-phieu-tang-tran-12-phien-lien-tiep-giay-thuong-dinh-len-tieng-giai-trinh-ar991019.html