Major companies race to dump shares.

Ms. Nguyen Thi Dieu Phuong, Vice Chairwoman of the Board of Directors of Hoang Quan Real Estate Consulting and Trading Services Joint Stock Company (stock code HQC), has registered to sell almost all of her 18.19 shares (approximately 3.82% of the charter capital) and retain only 6 odd shares. The transaction is expected to be carried out between May 17th and June 11th, through order matching on the exchange and/or negotiated transactions. The stated purpose of the transaction is to support her personal financial plan.

Ms. Dieu Phuong is the wife of Mr. Truong Anh Tuan, Chairman of the Board of Directors of HQC; the sister-in-law of two members of the Board of Directors, Mr. Truong Thai Son; and the mother of Ms. Truong Nguyen Song Van, Deputy General Director of the company. HQC shares have seen a strong recovery in recent months. However, following the announcement of Ms. Dieu Phuong's registration to sell shares, the HQC stock reversed course and fell slightly, hovering around 4,700 VND.

The stock market is trading quite low, but many company leaders and major shareholders are rushing to sell their shares.

Similarly, from today, May 17th to June 15th, GEX Investment Company Limited, a major shareholder of Gelex Group Joint Stock Company, registered to sell all 33.27 million GEX shares (3.91%) for the purpose of restructuring its investment portfolio. Gelex Investment Company is an organization related to Mr. Nguyen Van Tuan - General Director of Gelex Group. Specifically, the controlling shareholder in GEX Investment Company is Mr. Tuan's mother. Previously, GEX Investment Company also completed the sale of 80 million GEX shares for the purpose of restructuring its investment portfolio.

Meanwhile, Mr. Nguyen The Tai, Vice Chairman of the Board of Directors and General Director of Bamboo Capital Group Joint Stock Company, registered to sell 6 million BCG shares between May 15th and June 13th, through order matching on the exchange or negotiated transactions. If the transaction is successful, his holdings of BCG shares will decrease from 15.22 million units (2.85%) to 9.22 million units (1.73%). BCG's share price has been trending upwards for over a month and is currently at VND 8,750 per share, an increase of nearly 40% compared to the end of 2022.

Another entity, Nam Long Investment Corporation (stock code NLG), announced that Mr. Nguyen Xuan Quang - Chairman of the Board of Directors - has registered to sell 2 million NLG shares to restructure his personal finances. The transaction is expected to be carried out between May 19th and June 17th, through order matching on the exchange or negotiated transactions. If the transaction is successful, Mr. Quang's ownership will decrease from 46.45 million units (12.09%) to 44.45 million units (11.57%).

Over the past month, several other leaders of Nam Long have also completed the sale of hundreds of thousands of NLG shares. Specifically, Mr. Van Viet Son, CEO of Nam Long Land, sold 100,000 shares in mid-May; Mr. Cao Tan Thach, a member of the company's Board of Directors, sold 331,000 shares out of 413,400 registered shares (equivalent to 80% of the registered quantity) between April and early May...

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