Vinasun General Director registered to buy 2 million shares

VHO - Mr. Dang Thanh Duy, General Director of Vietnam Sun Joint Stock Company (Vinasun, code VNS - HOSE), registered to buy 2 million VNS shares to increase ownership from 4.99% to 7.94% of charter capital, the transaction is expected to take place from July 21 to August 18. In which, the purpose of the transaction is for investment and the method is order matching through the floor and negotiation.

Vinasun's General Director registered to buy 2 million shares to increase ownership from 4.99% to 7.94% of charter capital. Illustrative photo

Provisionally calculating the VNS stock price according to the trading session on July 17, 2025 at VND 9,880/share, it is estimated that Mr. Duy will have to spend about more than VND 19.7 billion to be able to buy the above registered number of shares.

Previously, Mr. Le Hai Doan, member of the Board of Directors, sold 5,003,500 VNS shares out of the total registered sale of 9,259,100 VNS shares, equivalent to selling 54% of the total registered amount to reduce ownership from 13.65% to 6.27% of charter capital, the transaction was carried out from May 7 to May 13.

In the opposite direction, VBP Joint Stock Company, a unit related to Mr. Le Hai Doan, purchased 5 VNS shares to increase ownership from 0.4% to 7.77% of charter capital, the transaction was conducted from May 7 to May 13.

Regarding the business situation, according to the consolidated financial report for the first quarter of 2025, Vinasun recorded net revenue of nearly VND 234.4 billion, down 15.9% over the same period last year. Gross profit reached nearly VND 52.2 billion, down 4.6%.

After deducting taxes and fees, the company reported a net profit of nearly VND14.2 billion, down 35.7% over the same period last year.

In 2025, Vinasun plans to have total revenue of VND 976.94 billion, down 2.5% over the same period, and expected after-tax profit of VND 53.63 billion, down 36.2% compared to the actual performance in 2024. Thus, ending the first quarter of 2025 with after-tax profit reaching VND 14.16 billion, Vinasun has only completed 26.4% of the yearly plan.

Vinasun will continue to invest and restructure its fleet in 2025. The company plans to put into operation about 400 Toyota hybrid vehicles, gradually replacing gasoline vehicles. In addition, about 500 vehicles will be liquidated or transferred in the form of deferred payment to drivers to operate under the franchise model.

As of March 31, 2025, the total assets of the enterprise decreased by VND 34.7 billion compared to the beginning of the year, down to VND 1,820.5 billion. Of which, 74.5% of total assets were fixed assets, at VND 1,346.9 billion; cash and cash equivalents recorded VND 199.8 billion; short-term financial investments were nearly VND 105.3 billion.

On the other side of the balance sheet, total liabilities are at nearly VND656.9 billion, down 6.9% compared to the beginning of the year. Of which, long-term loans and financial leasing debts are over VND312.5 billion, accounting for 47.6% of total debt; short-term loans are over VND195.9 billion, accounting for 29.8% of total debt.

Source: https://baovanhoa.vn/kinh-te/tong-giam-doc-vinasun-dang-ky-mua-2-trieu-co-phieu-153363.html