Leaders of Nam Long, Hoa Sen, Mobile World sell millions of shares

The stock market has been on a continuous rise since the beginning of the year, bringing many stocks to their peak. While stock prices and liquidity have been high, many leaders and major shareholders of enterprises have continuously registered to sell. For example, Mr. Tran Thanh Phong, Permanent Vice Chairman of Nam Long Investment Joint Stock Company (stock code NLG), registered to sell 650,000 NLG shares to balance his personal finances. The transaction is expected to take place from March 7 to April 5, through negotiation and order matching on the stock exchange.

Leaders and major shareholders of Nam Long, Hoa Sen, and Mobile World companies sell millions of shares

If the sale is successful, Mr. Tran Thanh Phong will reduce his holdings from 16.33 million shares (4.25%) to 15.68 million shares (4.08%). Currently, NLG shares are priced at VND42,450, and it is estimated that Mr. Phong can earn about VND27.6 billion after selling the above shares. Previously, during the period of January 30 - February 28, Mr. Phong registered to sell this number of shares but was unsuccessful due to the inappropriate price. Currently, NLG shares have reached a peak compared to one and a half years and liquidity has also increased to a high level, even reaching nearly 13.3 million units in one session.

Previously, at the end of January, Mr. Nguyen Xuan Quang - Chairman of Nam Long - also sold 2 million shares.

Similarly, Mr. Tran Ngoc Chu, Standing Vice Chairman of the Board of Directors of Hoa Sen Group Joint Stock Company (stock code HSG), registered to sell 1.5 million HSG shares to arrange personal finances. The transaction is expected to take place from March 7 to April 5, by order matching on the stock exchange or negotiation. If the sale is successful, Mr. Chu's ownership will decrease from 1.78 million shares (0.29%) to 281,147 shares (0.04%). Currently, HSG shares are priced at VND23,500, and it is estimated that Mr. Chu can earn more than VND35.2 billion after selling almost all of his shares.

Previously, from the end of November 2023 to the beginning of March, Mr. Tran Ngoc Chu had three unsuccessful transactions when he could not sell any HSG shares out of a total of 1.5 million registered units, with the same reason being unsuitable market conditions. However, HSG shares have also more than doubled compared to the end of 2022.

Or Mr. Le Tuan Anh - son of Ms. Nguyen Thi Nga, Permanent Vice Chairman of the Board of Directors of Southeast Asia Commercial Joint Stock Bank ( SeABank ) registered to sell 2 million SSB shares of this bank to restructure his personal finances. The expected time is from March 4 to April 2, by negotiation or order matching on the stock exchange. If the sale is successful, Mr. Tuan Anh's ownership will decrease from 51.17 million shares (2.05%) to 49.17 million shares (1.97%).

Provisionally calculated at the current trading price, it is estimated that Mr. Tuan Anh can earn about 46 billion VND after selling the above shares. Previously, during the period of January 25 - February 23, Mr. Tuan Anh had an unsuccessful transaction when he only sold 39% of the registered SSB shares due to unsuitable market conditions.

A long-time member of the Board of Directors of Mobile World Investment Corporation (stock code MWG), Mr. Robert Alan Willett, also registered to sell 1.2 million shares from February 27 to March 27 due to personal financial needs. If all of these shares are sold, Mr. Robert Alan Willett will still own more than 6.8 million MWG shares. Currently on the market, MWG shares have increased by nearly 20% compared to the beginning of 2023, reaching 50,000 VND. It is estimated that this member of the Board of Directors will earn about 60 billion VND...

Source: https://thanhnien.vn/lanh-dao-nam-long-hoa-sen-the-gioi-di-dong-ban-ra-hang-trieu-co-phieu-185240305115541451.htm