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Ho Chi Minh City Securities (HSC) has announced a margin sale of a client’s securities, involving 300,000 shares of TCM — Thanh Cong Textile - Investment - Trade Joint Stock Company — owned by Nguyen Van Nghia, a member of the Board of Directors.
HSC plans to execute the margin sale from the session on March 25, 2026, to April 25, 2026.
HSC also noted that the margin sale may not be carried out in full at the brokerage’s discretion without public disclosure if market prices of the collateral assets change or if the account holder adds collateral to meet the required margin ratio. The announced number of shares is an estimate at the time of disclosure; the actual number of shares sold may be higher or lower depending on movements in market prices that affect the collateral value.
The margin sale is taking place amid TCM’s long-term downtrend. At the close on March 24, TCM traded at 22,200 VND per share, down 20% year-to-date.
Based on current pricing, the value of the margin-call shares is roughly around 7 billion VND.
For full-year 2025, TCM reported revenue of over 3,644 billion VND, down more than 4% from 2024 and reaching about 81% of its annual plan.
Net profit reached over 269 billion VND, down nearly 3% and completing over 96% of the target profit set.
Nguyen Van Nghia previously served as a member of the Board of Directors and Deputy General Director of Prime Group, a ceramic tile manufacturer in Vietnam, about a decade ago, when the company held the country’s largest tile market share.
After Prime Group was acquired by SCG (Thailand), Nghia continued investing in the building materials sector and held senior positions at several companies. He is also described as a prominent individual investor on the market, holding a number of stocks with total value reaching trillions of VND.
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