HCMC – Nguyen Yen Linh, daughter of Masan Group Corporation Chairman Nguyen Dang Quang, has acquired nearly 8.5 million shares of the company, raising her stake to 0.59%.
The share purchases were conducted from October 29 to November 18 through order-matching and block deals, according to the State Securities Commission.
Linh initially registered to purchase 10 million MSN shares but only completed 85% of the target, citing unsuccessful negotiations for the remaining shares.
Chairman Nguyen Dang Quang barely owns any MSN shares directly, but his wife, Nguyen Hoang Yen, holds nearly 50.9 million MSN shares, or 3.54% of the company. However, Quang indirectly holds a 31.19% stake in the company through Masan JSC, the largest shareholder of Masan Group Corporation.
Masan JSC owns nearly 446.3 million MSN shares, according to a July 2024 corporate governance report.
The purchases coincided with SK Group’s divestment of 76 million MSN shares. The South Korean conglomerate is no longer a major shareholder of the company. The buyer of these shares has not been disclosed.
Closing the trading session today, November 21, MSN inched up by 1.42% to VND71,300 per share, with a matching volume of around 3.8 million shares.
The VN-Index rose 11.79 points, or 0.97%, to close at 1,228.33 points on Thursday, with 278 winners and 94 losers.
Trading volume dropped by 37% and value edged down by 32% over the previous session, with 482.1 million shares worth nearly VND12.2 trillion changing hands. Block deals accounted for 54.7 million shares valued at VND1.64 trillion.
Blue-chip stocks saw broad gains, except SAB, BCM, and VJC, which closed lower, while SSB, VHM, and VIC ended flat.
Bank stocks provided the largest support. STB increased by 2% to VND33,050, VPB improved by 2.7% to VND19,200, and CTG climbed by 2.9% to VND35,000. Other banking stocks gained between 1% and 1.9%.
MWG led the mid-cap performers, rising 3.4% to VND58,700 per share, with 8.1 million shares traded. Liquidity was high for HPG, SSI, and VPB, which saw volumes from 12.7 million to 34.4 million shares.
Developer VHM was the most actively traded stock, with a matching volume of over 34.4 million shares.
The HNX-Index ended 0.21% higher, gaining 0.47 points to 221.76 points, with 86 advancers and 54 decliners. Trading volume on the northern bourse reached 25.5 million shares worth VND440.2 billion.
