•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•

In Nagakawa’s capital-raising stock issuance (HNX: NAG), CEO Nguyễn Thị Huyền Thương has registered to buy 13.5 million stock purchase rights, in addition to the rights portion proportional to her existing ownership. The purchase rights are expected to be transferred from founder shareholder Nguyễn Đức Khả, along with other shareholders who do not exercise their rights (if any).
The CEO’s registration to acquire additional purchase rights is seen as a strategic move that increases her ownership in the issuance. This also reflects a broader trend of greater ownership by the person directly running the company, aligned with Nagakawa’s development strategy for 2026–2030.
This increase in the CEO’s ownership is viewed as shifting equity toward the operator, thereby strengthening the linkage between governance rights and financial interests. It is also interpreted as a signal of long-term commitment and leadership stability at Nagakawa.
The transition to second-generation leadership at Nagakawa is described as being based on demonstrated capabilities rather than being purely ceremonial. Over the past five years, Ms. Nguyễn Thị Huyền Thương has held several key positions before assuming the role of CEO.
During this period, Nagakawa has been consistently recognized among the Top 50 Fastest-Growing Vietnamese Enterprises. The company has also improved its ranking among Vietnam’s 500 largest enterprises, reflecting planning and execution capabilities and the growing role of second-generation leadership in driving growth.
In the context of Nagakawa’s growth phase, the capital-raising is presented not only as a financing step but also as a milestone in the leadership transition. The second-generation leadership is expected to steer Nagakawa into a new growth cycle, with an aim to build a responsible, sustainable enterprise and contribute positive value to the community and society.

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…