Daughter of Mr. Duc, Chairman of Nam Viet Seafood, spends billions to buy stocks

Nam Viet Joint Stock Company (stock code ANV) announced that Mr. Doan Toi, Chairman of the Board of Directors and General Director of the company, registered to buy 3 million ANV shares to increase ownership from 53.85% to 54.98% of capital. The transaction is expected to take place from April 11 to May 10. With the market price currently hovering around VND12,500, it is estimated that the General Director of Nam Viet will have to spend nearly VND38 billion to buy the registered number of shares.

Hoang Anh Gia Lai exports bananas mainly to China, South Korea and Japan. PHOTO: HAG

Sharing the same downward trend of the stock market, ANV shares have hit the floor for 3 consecutive sessions before and are still going down, reaching the lowest price since November 2023. The Chairman of the Board of Directors of Nam Viet has just sent a letter to shareholders in response to the US imposing a 46% reciprocal tax on Vietnam. Accordingly, the Board of Directors of Nam Viet held an emergency meeting to propose response plans, specifically, the enterprise will promote the expansion of existing markets that Nam Viet is exporting to; cut unnecessary costs to reduce production costs to the lowest level, and automate production stages. The letter also said that the US is actually not Nam Viet's key market, the main markets are still China, the Middle East, Brazil, Asia, Mexico, etc.

Also making a move to buy shares, Ms. Doan Hoang Anh, daughter of Mr. Doan Nguyen Duc (Bau Duc), Chairman of the Board of Directors of Hoang Anh Gia Lai Joint Stock Company (stock code HAG) registered to buy 4 million HAG shares. The transaction is expected to be carried out between April 14 and May 13 by order matching method. If the deal is completed, the total number of HAG shares that Ms. Hoang Anh is holding will increase from 14 million to 18 million units, equivalent to an increase in ownership ratio from 1.32% to 1.7% of charter capital.

Currently, HAG shares are trading at 10,150 VND, and it is estimated that Ms. Doan Hoang Anh will spend more than 40.5 billion VND to buy this amount of shares. In another development, Mr. Duc recently sent a letter to shareholders to clarify the impact of the US's reciprocal tax policy. In the letter, he affirmed that this policy does not affect core production and export activities. Currently, the company's main export item is bananas - a product mainly consumed in the markets of China, Korea and Japan. The company does not export products to the US market at all, so it is not affected by the above tax policy.

For goods exported to Korea and Japan, the export price is fixed annually. For goods exported to China, the export price is fixed weekly. In particular, this week's export price was fixed at more than 12 USD/barrel, 10% higher than last week. This proves that the tax policy on the US market has absolutely no impact on HAG's export price.

In addition, the continuous increase in the USD exchange rate in recent times has also brought positive results to export revenue when most of the company's input costs are in VND. Mr. Duc said that he is still closely monitoring international policy developments and will proactively adjust business strategies when necessary to protect the common interests of the company as well as shareholders. At the same time, the company's production and export activities are still taking place stably and according to plan.

Or, TNH Hospital Group Joint Stock Company (stock code TNH) also announced a notice on stock transactions of insiders and related persons of insiders of the company. Specifically, Access SA, SICAV-SIF - Asia Top Picks (foreign fund from Luxembourg) registered to buy nearly 3 million TNH shares to restructure the investment portfolio. The transaction is expected to take place from April 11 to May 10 by order matching or negotiation. Before the transaction, the Luxembourg foreign fund was holding more than 11.6 million TNH shares, equivalent to 8.05% of TNH's charter capital. If the transaction is successful, the number of shares will be increased to nearly 14.6 million shares, equivalent to 10.1% of capital. With the current TNH share price estimated at 14,200 VND/share, it is estimated that this foreign fund will have to spend nearly 42 billion VND to be able to buy the above registered number of shares...

According to Mai Phuong (TNO)

Source: https://baogialai.com.vn/con-gai-bau-duc-chu-tich-thuy-san-nam-viet-chi-tien-ti-mua-co-phieu-post318267.html