Not only being rich thanks to his wife’s family, Mr. Ho Nhan owns Nanogen shares worth 3,000 billion, as rich as many large business presidents.
Nanogen was established in September 1997. According to the information on the website, this enterprise is currently the first successful researcher, developer and application of advances in the biotechnology industry in Vietnam.
Accordingly, the main achievement of Nanogen comes from the production of pharmaceutical materials and finished products of special injections from the leading recombinant DNA/protein technology in the Asia-Pacific region.
In Vietnam, Nanogen is famous for making the Nanocovax vaccine and is also one of three units that are researching a Covid-19 vaccine in the country besides IVAC, Vabiotech. Before that, Nanogen was known as a pharmaceutical manufacturing enterprise with product lines of drugs and special biological products.
Its main products include NanoGenPegnano (treatment of hepatitis B and C), Ficoyte (helps to grow neutrophils, supportive treatment of cancer patients during chemotherapy), Nanokine (treatment of anemia in patients with chronic renal failure, cancer patients undergoing chemotherapy), Feronsure (treatment of hair cell leukemia, Kaposi’s sarcoma in HIV/AIDS patients, chronic myelogenous leukemia, lymphoma, carcinoma advanced stage renal cell tissue, malignant melanoma…).
Nanogen’s Pegnano treatment for hepatitis B and C
In the period of 2016 – 2018, the company has a revenue of approximately VND 180 billion/year and a profit of about VND 10 billion.
In 2019, according to the financial report of KIS Securities JSC (founded by Korea Securities and Investment Company Limited), this unit spent nearly VND 11.6 billion to buy 162,500 shares of Nanogen in the rally. capital in the same year, equivalent to a valuation of more than 71,000 VND per share.
Thanks to that, Nanogen has increased its capital from 650 billion to 715 billion through a share offering, earning 463.6 billion dong, corresponding to a company valuation of about 5,100 billion dong (220 million USD). Foreign ownership ratio in the company increased from 16.28% to 25.68%, of which all are funds and individuals from Korea.
In particular, Mr. Nhan alone holds 60%, equivalent to 3,000 billion VND. As of the end of March 2021, Mr. Nhan is still the largest shareholder of this pharmaceutical company with a 59.6% stake. Ms. Van holds only 14.6%.
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),…
As of 2020, Nanogen’s total assets reach nearly 1,370 billion VND, charter capital is 715 billion VND. This is also the time when Nanogen strongly identifies on the map of domestic pharmaceutical enterprises with successful Covid-19 vaccine testing achievements, and at the same time recorded the highest revenue within 5 years.
Nanogen’s business results for the period 2016 – 2020
Until now, Nanogen has been associated with the image of businessman Ho Nhan – Chairman of the Board of Directors and General Director. However, recently, after a series of controversies of this business leader appeared, we also noted that Mr. Ho Nhan was no longer the General Director and legal representative of Nanogen 3 months ago, ie from the end of December 2021.
According to information on registration of business changes, Mr. Nhan’s wife, Ms. Nguyen Thi Hong Van, became the General Director and legal representative of Nanogen on behalf of her husband. It is not clear whether Mr. Nhan still holds the position of Chairman of the Board of Directors of Nanogen or not.
Owning a series of super luxury apartments worth nearly 200 billion at Metropole Thu Thiem project
Notably, in July 2021, Ho Nhan and his wife mortgaged a total of 5 apartments with a total value of nearly 192 billion VND in The Galleria Residence subdivision of Metropole Thu Thiem complex to borrow money at Vietcombank. . Metropole Thu Thiem is an investor by Quoc Loc Phat Joint Stock Company, in which, Son Kim Land (belonging to Son Kim Group – the corporation of Mr. Nhan’s wife’s family) is the main shareholder of this company.
The Galleria Residence project
Founding and leading Nanogen from the early days, Mr. Ho Nhan grew up in New York and received a doctorate in biotechnology from the University of Arizona. Former CEO Nanogen once shared with Forbes that he had 20 years of studying biotechnology abroad before returning to Vietnam to set up a business.
In addition, Mr. Ho Nhan also used to work in the financial industry. During 2013 – 2016, he was a member of the Board of Directors of Vina Securities Securities Company (VNSC). At the same time, he is also involved in mergers and acquisitions in the fields of pharmaceuticals, hospitals, and medical equipment in the US and Hong Kong.
at Blogtuan.info – Source: Kenh14.Vn – Read the original article here
