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Coteccons Joint Stock Company (Coteccons, ticker: CTD) announced on May 12, 2026 that KIM Vietnam Fund Management is no longer a major shareholder of the company. The change follows the sale of CTD shares by four funds under KIM Vietnam in the May 8, 2026 trading session.
Accordingly, the four funds in the KIM Vietnam group sold a total of 950,000 CTD shares on May 8, 2026. As a result, Coteccons’ stake held by KIM Vietnam funds fell to 4.13%, equivalent to more than 4.4 million shares.
Based on the closing price on May 8, the transaction generated about VND 72.96 billion.
Among the funds, TMAM Vietnam Equity Mother Fund remained the largest holder with a 1.54% stake, corresponding to more than 1.6 million CTD shares. It was followed by KIM Vietnam Growth Equity Fund with a 1.38% stake, and KITMC Worldwide Vietnam RSP Balanced Fund with a 0.69% stake.
KIM Vietnam was established in Korea in 2006 and is part of Korea Investment Holdings, a global financial group managing more than USD 327 billion in assets. In Vietnam, the unit currently manages multiple investment funds and discretionary portfolios with a scale around USD 1.3 billion, focused mainly on the Vietnamese stock market.
In the stock market, CTD shares had fallen more than 14% over the four trading sessions prior to recovering in the morning trading on May 13, 2026. Market capitalization also declined by over VND 1.3 trillion to around VND 8.3 trillion.
Separately, Coteccons said it received a decision recognizing the settlement between parties in a commercial dispute. According to the disclosure, on May 5, 2026, Coteccons received Decision No. 1178/2026/QĐST-KDTM dated April 21, 2026 from the People’s Court of Region 5 in Ho Chi Minh City.
The decision relates to recognizing settlement in commercial case No. 1422/2024/TLST-KDTM, which had been under trial since July 2024. The parties to the dispute reached an agreement, and Coteccons did not disclose details of the case.
Coteccons has also been involved in a long-running dispute with CTCP Đầu tư Ricons (Ricons). At the end of May 2025, the Ho Chi Minh City Civil Judgment Enforcement Department issued Decision No. 319/QĐ-CTHADS to block Coteccons’ accounts for nearly VND 170 billion.
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