Son of Nam Kim Steel chairman to acquire a further 5 million NKG shares

Nam Kim Steel chairman Ho Minh Quang’s son, Ho Minh Phat, has registered to buy 5 million NKG shares for personal investment. The transaction is expected to be carried out via private agreement and/or order matching from April 17, 2026 to May 15, 2026.

If the purchase is successful, Phat’s holding would rise from 5 million shares to 10 million shares, equivalent to a 2.23% stake in Nam Kim Steel.

Insider trading disclosure and current chairman stake

In the same notification, Phat is listed as an internal trader and a related party of the internal trader, reflecting the personal investment in NKG. The filing also states that Ho Minh Quang, the company chairman, currently holds more than 71 million NKG shares, or about 15.87%.

Senior management changes for 2025–2030 term

Separately, Nam Kim Steel announced changes in senior management. Võ Hoàng Vũ will no longer serve as CEO and has been appointed Vice Chairman of the Board and head of governance for the 2025–2030 term. Nguyễn Vinh An will no longer be Deputy CEO and has been appointed CEO and a member of the Board for the 2025–2030 term. An is also Nam Kim Steel’s legal representative as of April 15, 2026.

2026 annual general meeting

Nam Kim Steel is scheduled to hold its 2026 annual general meeting on April 24, 2026 in Ho Chi Minh City.

2026 business targets and production plan

For 2026, Nam Kim Steel targets revenue of 22,000 billion VND and pretax profit of 400 billion VND, representing increases of 49% and 66%, respectively, compared with 2025. The company also plans total production of 1.1 million tons in 2026.

Nam Kim Steel reported that it ended 2025 with net revenue of about 14,800 billion VND and pretax profit of about 241 billion VND, down 28% and 56.8%, respectively, from the prior year.

ESOP issuance and vesting schedule

Nam Kim Steel plans to issue 6 million ESOP shares at 10,000 VND per share to officers, governance personnel, and employees with exemplary performance. ESOP shares will be non-transferable for 50% after one year and for the remaining 50% after two years. Implementation is slated for 2026 and/or 2027.

Proposed rights issue to existing shareholders

The company also proposed a rights issue of 125 million shares to existing shareholders at 12,000 VND per share, on a 4-for-1 basis. Shareholders holding 4 shares would be entitled to buy 1 new share. The rights issue would be freely transferable.

The rights issue is expected to be completed in 2026 or early 2027, subject to approval by the State Securities Commission (UBCKNN). With anticipated mobilization of nearly 1.5 trillion VND, Nam Kim Steel plans to contribute to Nam Kim Phu My Roofing Co., Ltd., a Nam Kim subsidiary implementing a 4,500 billion VND project.