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After about a month from announcing the plan to divest more than 16.9 million shares (1.47%) in CTCP Chứng khoán Vietcap (VCI), Ms. Truong Nguyen Thien Kim—wife of To Hai—has completed the transaction to exit Vietcap Securities (VCI) by selling all shares.
The sale was conducted via a negotiated deal during the period 15/04-04/05. In this window, nearly 17.5 million VCI shares were transferred, most likely reflecting Ms. Kim selling down her stake.
With a total transaction value of over VND 481 billion, the average price for the shares under the negotiated deal was about VND 27,500 per share. Based on this, Ms. Kim is estimated to have earned about VND 465 billion from the transaction.
Ms. Kim’s most recent prior sale of VCI shares took place in September 2024, when she sold 13.2 million shares. This reduced her holding from 5.17% to 2.18%, and she was no longer a major shareholder at that time. The deal size then was about VND 445 billion.
Ms. Kim currently holds multiple roles across several companies, including as a member of the Board of Directors of International Dairy Company LOF (IDP), a member of the Supervisory Board of Ben Xe Miền Tây (WCS), a member of the Board of Directors of Ben Thanh Trade and Service (BTT), and as Chairwoman of HADASA Holdings. She is also known in the food-and-beverage sector as the founder and CEO of D1 Concepts, the group behind brands such as Katinat, Phe La, San Fu Lou, Dì Mai, SORAE Sushi Sake Grill, among others.
At VCI, her husband To Hai serves as a Board member and previously held the CEO role. He currently owns over 174.3 million VCI shares (about 15.19%), valued at over VND 4,515 billion. He also chairs the Board at IDP, where Kim is a Board member.
Trading activity in VCI shares drew attention after the Vietnam-based Vietnam Capital Discovery (VCAM) fund signaled an intention to divest all 135,000 VCI shares (0.01%) from 06/05-01/06 through the order-matching channel. VCAM is led by Nguyen Thanh Phuong, who is also Chairwoman of VCI and owns more than 30.8 million VCI shares (2.68%).
In Q1 2026, VCI recorded revenue of over VND 1.4 trillion, up 65% year over year. Income was mainly from financial assets recognized through gains/losses on FVTPL, available-for-sale financial assets (AFS), brokerage, and lending activities.
Despite higher revenue, profits lagged due to losses from financial assets under FVTPL, brokerage costs, and financing costs. At the end of the quarter, pre-tax profit was VND 404 billion, up 14% and about 18% of the annual plan. Net profit was around VND 341 billion, up 16%.
On the stock market, VCI shares had been retreating since early April 2026 and failed to clear resistance at VND 29,000 per share. As of the close on 07/05, VCI traded at VND 25,900 per share.
Source: Huy Khải, FILI.
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