VIB Bank leaders spend over 500 billion VND to buy shares.

Vietnam International Commercial Bank (VIB ) has just announced that Ms. Nguyen Thi Bich Hanh, an independent member of the Board of Directors, has successfully purchased 25 million VIB shares, equivalent to 0.99% of the charter capital.

The transaction was conducted through an agreement between July 25th and August 16th.

According to VIB, prior to the transaction, Ms. Hanh did not hold any VIB shares. Ms. Hanh purchased the shares for personal investment purposes.

Based on the trading price on August 16th, VIB shares reached 20,650 VND/share, meaning Ms. Hanh would have to spend approximately 516 billion VND to complete the transaction.

VIB leaders spent over 500 billion VND to buy VIB shares.

Previously, on the other hand, Mr. Dang Quang Tuan, son of Mr. Dang Khac Vy, Chairman of the Board of Directors of VIB, completed the sale of nearly 125 million VIB shares (equivalent to 4.91%) through an agreement between July 21 and August 9. The estimated value of Mr. Dang Quang Tuan's transaction is 2,630 billion VND.

At the same time as Mr. Tuan's transaction, Funderra Joint Stock Company, an organization related to Mr. Dang Khac Vy, registered to purchase 124.7 million VIB shares (equivalent to 4.9% of VIB's charter capital).

Therefore, it is highly likely that the transaction will take place between Mr. Dang Quang Tuan and Funderra.

On the stock market, VIB's share price has been trending upwards for nearly four months, reaching a one-year high.

At the close of trading on August 18, VIB shares were priced at 19,550 VND/share, with a trading volume of over 8.8 million units.

Chairman transfers 42.5 million shares to wife's newly opened company (7 days old) . The Chairman of the CEO Group has just transferred over 40 million additional shares he purchased to his wife's newly established business, which is only one week old.

Source: https://vietnamnet.vn/lanh-dao-ngan-hang-vib-chi-hon-500-ty-dong-mua-co-phieu-2179639.html