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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Former AAV Group chairman Pham Quang Khanh registered to sell 15 million AAV shares in the period 9 April to 8 May to reduce his stake. If the sale completes, his holding would fall from more than 23.5% to about 1.8%. The move comes as AAV's stock had surged then reversed; in the early afternoon session of 9 April, the stock hit the floor, down about 9.3% to 7,800 dong per share, after previously trading above 9,000 dong, up more than 60% from the end of February. The sharp decline partly reflects market reaction to news of the large stake sale. Based on the 7,800 dong price, the deal could net Khanh about 117 billion dong if completed. On the other hand, Hanoi Stock Exchange said AAV faces possible mandatory delisting due to consecutive losses in 2023-2025 per the audited financial statements, and asked the company to respond within five business days before considering next steps. This is not Khanh's first large-sale plan; early 2025 he registered to sell 6 million shares but did not execute as market conditions were not favorable. At that time, Chairman Pham Thanh Tung registered to buy exactly 6 million shares, which would lift his ownership to over 14% if completed. Looking back, Khanh has been closely associated with AAV since 2021, when the company was still named Viet Tien Son Dia Oc. At the end of 2021, he paid 183 billion dong to buy 15 million shares in a private placement at 12,200 dong per share. That price remains well above the level at which he now seeks to divest. In early 2024, Khanh submitted his resignation from all positions, then withdrew the move but remained as chairman and legal representative. Currently, besides Khanh, Chairman Pham Thanh Tung holds about 5.6% of AAV's capital.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…