Two daughters of OCB president want to sell nearly 100 million shares, expected to earn thousands of billions

Trinh Mai Linh and Trinh Mai Van, two daughters of Mr. Trinh Van Tuan - Chairman of OCB, both registered to sell a large amount of shares between the end of March and April.

Mr. Trinh Van Tuan - Chairman ofOCB - and his family own a large number of shares in this bank - Photo: OCB

Reporting to the Securities Commission, Trinh Mai Linh registered to sell 50 million OCB shares of Orient Commercial Joint Stock Bank.

Trinh Mai Linh currently holds 105.3 million shares, equivalent to 4.27% of OCB's capital. If the transaction is successful, Linh will reduce her ownership ratio at the bank to 2.24%.

Linh explained that the sale of shares at her father's bank was due to "personal needs". The transaction can be done by negotiation or order matching through the stock exchange. The expected time is from March 21 to April 19.

At the same time, Trinh Mai Van, another daughter of OCB's chairman, also registered with the Securities Commission to sell 45 million shares out of more than 92.3 million shares, citing personal needs.

After the transaction, Trinh Mai Van will reduce the ratio from 3.75% to 1.92% of OCB's capital.

At the end of today's session, March 19, OCB's market price was adjusted to 11,250 VND/share. It is estimated that with this price, the two daughters of Chairman Trinh Van Tuan can earn more than 1,068 billion VND.

According to the 2024 management report, Mr. Trinh Van Tuan - Chairman of the Board of Directors of OCB - is holding more than 109.3 million shares, equivalent to 4.43% of the bank's capital. Ms. Cao Thi Que Anh, Mr. Tuan's wife, holds more than 79.2 million OCB shares, equivalent to 3.21% of the capital.

According to the updated report of shareholders holding more than 1% of OCB's capital, Mr. Tuan and related people hold a total of nearly 20% of this bank's capital.

On the institutional side, Aozora Bank holds 15% of OCB's capital. Pyn Elite Fund - a large foreign fund in the stock market - also holds more than 2.4% of this bank's capital.

In addition, the list of shareholders with over 1% of capital also includes Binh An House Investment Joint Stock Company (4.73%), Greenwave Capital (4.43%), Hve Renewable Energy Joint Stock Company (3.14%), HVR Investment (3.83%)...

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Source: https://tuoitre.vn/hai-ai-nu-chu-tich-ocb-muon-ban-gan-100-trieu-co-phieu-du-thu-nghin-ti-20250319210633485.htm