“Checking” the assets of Nanogen and CEO Ho Nhan before “abdicating”

Nanogen Pharmaceutical Biotechnology Joint Stock Company was established on September 3, 1997. As of April 17, 2017, the charter capital of Nanogen reached VND 200 billion, the shareholder structure includes Mr. Ho Nhan owning 70% of the shares, Mr. Nhan’s wife Nguyen Thi Hong Van owning 25% and Mr. Ho Thanh. Vu holds the remaining 5%.

Nanogen’s valuation is about 5,100 billion VND, higher than some large pharmaceutical companies on the stock exchange (photo: Nanogen)

After many fluctuations in the shareholder structure of Nanogen, on May 22, 2019, Nanogen’s charter capital reached VND 715 billion. At the same time, the proportion of foreign capital in Nanogen increased from 16.28% to 25.68% with the main participation of funds and individuals from Korea. The only Vietnamese partner participating in this deal is KIS Vietnam Securities Company, which is also an enterprise with Korean capital.

KIS’s financial report said that this company spent nearly VND 11.6 billion for 162,500 shares of Nanogen, equivalent to a valuation of more than VND 71,000 per share. Based on this price, Nanogen’s valuation is about 5,100 billion VND, higher than Imexpharm or Traphaco – big pharmaceutical companies on the stock exchange.

Updated at the last change on March 26, 2021, Nanogen has a charter capital of VND 806.25 billion, of which Mr. Ho Nhan personally holds nearly 60% of the shares, and Ms. Nguyen Thi Hong Van owns nearly 15% shares. The remaining shares are held by foreign partners.

Thus, if calculated at the valuation of more than 71,000 VND/share that KIS spent to participate in Nanogen before, Mr. Ho Nhan’s assets owned at this business is estimated at more than 3,400 billion VND. With the assets held at Nanogen, Mr. Ho Nhan is currently on par with other faces on the Vietnamese stock exchange as of March 22, 2022, including Hoa Sen Chairman Le Phuoc Vu (owning VND 3,124 billion). – ranked 56th), ACB Chairman Tran Hung Huy (owns 3,051 billion VND – ranked 58th),…

In addition to Nanogen, in October 2016, Mr. Ho Nhan also established Lam Dong Nanogen Pharmaceutical Production Co., Ltd. (abbreviated as Nanogen Pharma) with charter capital of 300 billion VND, registered to operate in the field of drug production. , chemical and medicinal herbs.

Known as an entrepreneur with in-depth knowledge in the field of biotechnology, Mr. Ho Nhan used to work in the financial sector. He served on the Board of Directors of Vina Securities Company (VNSC) in the period 2013-2016. According to Forbes, this biotechnologist has experience in the financial sector, through mergers and acquisitions in the fields of pharmaceuticals, hospitals, and medical equipment in the US and Hong Kong.

It is known that Mr. Ho Nhan is the son-in-law of the founder of Son Kim Group, this is a wealthy family that she and her late husband built with the succession of succession, developed from a garment company. Up to now, there are many different business lines such as real estate, joint venture-franchisement, retail, fashion, film studio exploitation…

From December 29, 2021, Mr. Ho Nhan no longer holds the position of General Director, the legal representative of Nanogen Pharmaceutical Biotechnology Joint Stock Company (photo: Forbes)

Son Kim Group today has about 11 subsidiaries, affiliates and grandchildren with a series of famous projects such as Gateway, Nassim, Metropolitan, GS25 retail chain, Jardin Des Sens, VERA fashion brands, JOCKEY… Particularly for Nanogen company, which has been known by many people when researching Nanocovax, a vaccine against COVID-19 is still being tested in Vietnam.

However, at Nanogen, from December 29, 2021, Mr. Ho Nhan no longer holds the position of General Director, the legal representative of Nanogen Pharmaceutical Biotechnology Joint Stock Company according to the notice of change of business registration. Karma. Instead, Mrs. Nguyen Thi Hong Van, wife of Mr. Ho Nhan became the person to take this position.

Besides, Mr. Ho Nhan and his wife are known to own many valuable real estate properties. According to information from the National Register of Secured Transactions, Mr. and Mrs. Ho Nhan – Mrs. Nguyen Thi Hong Van mortgaged 5 luxury apartments to borrow money from Joint Stock Commercial Bank for Foreign Trade of Vietnam – Gia Lai Branch. Fixed, the time to register for guaranteed transactions is July 12, 2021.

Those are apartments at The Galleria Residence Building, Lot 116, Functional Area 1, An Khanh Ward, District 2 (now Thu Duc City), City. Ho Chi Minh City belongs to the project of high-class multi-function apartment buildings with the trade name The Metropole Thu Thiem. This is one of the luxury real estate projects in the city. Ho Chi Minh. On the websites for sale, Metropole Thu Thiem is introduced as the new capital of the city, located in a prime location in District 2 adjacent to the center.

Mr. Nhan – Mrs. Van’s mortgaged apartments include digital apartments with construction floor area from 153.6 m2 to 379.98 m2, the price of 1 m2 floor ranges from 109 million VND/m2 to 209 million VND/ m2. The total value of mortgaged apartments is 193.8 billion VND. The project investor is Quoc Loc Phat Joint Stock Company.

It is known that the Metropole Thu Thiem project is also indirectly owned by Son Kim Land – a company owned by Son Kim Group. The reason is that Son Kim Land and related company – Phuc Dat Real Estate JSC owns the majority of shares in Gateway Berkeley Co., Ltd. Meanwhile, Gateway Berkeley currently indirectly owns a large stake in Quoc Loc Phat – the investor of the Song Viet Complex project (Metropole Thu Thiem) through TTSV Investment Co., Ltd.

According to DDDN