•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Nam Kim Steel (ticker NKG, HoSE) reported insider trading activity involving its chairman of the board, Mr. Ho Minh Phat, who successfully purchased 5 million registered NKG shares on April 28, 2026. The transaction increased his ownership to 2.23% of the company’s capital.
Mr. Ho Minh Phat filed a report on insider trades by insiders and related parties. From April 17, 2026 to April 23, 2026, he purchased 5 million NKG shares registered for purchase.
After the transaction, his holding rose from 5 million shares to 10 million shares, increasing his ownership from 1.12% to 2.23% of Nam Kim Steel’s capital.
Mr. Ho Minh Phat is the son of Mr. Ho Minh Quang, Chairman of Nam Kim Steel. The report also indicates that Mr. Quang owns more than 71 million NKG shares, equivalent to 15.87%.
Separately, Nam Kim Steel held its 2026 annual general meeting of shareholders (AGM) on April 24, 2026. At the meeting, shareholders approved the company’s 2026 business plan with projected revenue of 22,000 billion VND, up 49% from the 2025 actual result.
The plan also targets pre-tax profit of around 400 billion VND, up 66%, and total production of 1.1 million tons in 2026.
Nam Kim Steel presented its performance after concluding 2025, reporting net revenue of 14,899 billion VND and pre-tax profit of 240 billion VND—roughly 65% and 55% of the targets set, respectively.
Shareholders approved a plan to issue nearly 44.8 million shares to pay dividends at a 100:10 ratio, meaning 100 existing shares entitle the holder to 10 new shares.
The total issuance value at par is about 447.6 billion VND, funded from undistributed after-tax profits as reflected in the company’s audited consolidated financial statements for 2025. The issuance is expected to take place in 2026 after regulatory procedures are completed.
Nam Kim Steel also received approval to issue 6 million shares under an employee stock option program (ESOP) at 10,000 VND per share. ESOP recipients include senior leaders, managers, executives, and high-performing employees of NKG and its subsidiaries, with allocation based on rank, position, and performance.
ESOP shares will be non-transferable, with 50% restricted for 1 year and the remaining 50% restricted for 2 years. Implementation is planned for 2026 and/or 2027.
In addition, the company intends to offer 125 million shares to existing shareholders at 12,000 VND per share, at a ratio of 4:1. Shareholders holding 4 shares will be entitled to buy 1 new share. The offering shares are not transfer-restricted, and the issue is planned for 2026 or early 2027 after approval by relevant authorities.
With an estimated fund-raise of nearly 1,500 billion VND, Nam Kim Steel plans to contribute capital to Nam Kim Phu My Aluminum Co., Ltd., a subsidiary implementing the Nam Kim Phu My project with a total investment of 4,500 billion VND.
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…
