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ThaiHoldings refunded Tan Hoang Minh VND 840 billion

ThaiHoldings Joint Stock Company of Mr. Nguyen Duc Thuy (Bau Thuy) has just announced a resolution on approving the plan to revise the audited financial statements for 2021. In which, the important content is that ThaiHoldings must refund VND 840 billion to Tan Hoang Minh at the request of the Ministry of Industry and Trade. security.

Specifically, ThaiHoldings must return VND840 billion to Tan Hoang Minh and receive back shares of Binh Minh Group JSC, the owner of 11A Cat Linh project, along with legal documents of the project’s land use right certificate. ..

The resolution states that, in compliance with Official Letter No. 1428 of the Police Department to investigate crimes on corruption, economy and smuggling of the Ministry of Public Security (C03), the Board of Directors of ThaiHoldings approved the plan of JSC – Thaigroup Group ( a subsidiary of ThaiHoldings) to refund the transaction amount from Tan Hoang Minh Hotel Trading Service Co., Ltd. in accordance with the law.

Lot 11A Cat Linh (in Hanoi) was previously used by the Grocery and Labor Protection Company (Sunprotexim) to implement the project of a commercial center, offices for rent and apartments, according to the plan from 2010 but later that doesn’t see the implementation.

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Bau Thuy, founder of Thaiholdings.

Project 11A Cat Linh is evaluated as a golden lot with the location of Cat Linh – Dang Tran Con intersection, with an area of ​​​​more than 2.5 thousand square meters, far from Cat Linh – Ha Dong metro station and Nhon – Hanoi metro station. only a few hundred meters and near famous places such as Hang Day Stadium, Temple of Literature.

With the payment and return of land, Thaiholdings plans to adjust its profit after tax target of 1,156 billion VND to 424 billion VND.

From the beginning of 2022 until now, THD shares of Thaiholdings have plummeted from the peak of nearly 280,000 VND/share to the current threshold of 73,000 VND/share. Mr. Nguyen Duc Thuy (founder of Thaiholdings) who currently owns more than 87.4 million THD shares also recorded a decrease of tens of trillions of dong to more than 11 trillion dong.

Mr. Nguyen Duc Thuy has not been officially recognized as a USD billionaire and after the recent sharp drop in THD shares, the Ninh Binh-born giant has moved away from this title.

Nguyen Duc Thuy is known as the most famous businessman in Ninh Binh. Born in 1976, Bau Thuy emerged in the field of football and as the boss of Xuan Thanh Group with a huge deal worth trillions, surpassing all the big giants in the North to acquire Kim Lien Hotel. has a huge area of ​​golden land in belt 1, Hanoi.

At one time, Bau Thuy was evaluated only after 6 USD billionaires ranked by Forbes: Mr. Pham Nhat Vuong, Mr. Tran Dinh Long, Ms. Nguyen Thi Phuong Thao, Mr. Ho Hung Anh (President of Techcombank), Mr. Nguyen Dang Quang (Masan).

Facing profit taking pressure

According to BSC, the session on 17/5 increased strongly, but the trading volume was still modest; Therefore, in the coming sessions, the market may face profit-taking pressure, investors should trade cautiously in the coming sessions, waiting for clearer confirmation signals.

VDSC believes that supply pressure may increase. The market successfully recovered from near the support area of ​​1,150 points of the VN-Index and closed at the highest price of the session, with strong gains in many large stocks. After 2 sessions of trying to catch the low price of the cash flow, the selling pressure temporarily weakened so the cash flow easily helped the market gain strongly, as shown by the low liquidity. With the current support signal, it is likely that the market has entered a short-term recovery span. However, the uptrend happened quickly, so investors may take advantage of selling, leading to an increase in supply and making it difficult for the recovery in the next session.

According to SHS, after the session of May 17, investor sentiment has been somewhat relieved, but with the liquidity still low, it shows that investors are still quite hesitant in returning to the market after this session. a sharp drop of 24% (from 1,530 points to 1,160 points) before.

Market valuation is still attractive for long-term investors with P/E of VN-Index and VN30 about 13 times, lower than the average of the last 5 years.

Closing the session on the afternoon of May 17, the VN-Index increased by 56.42 points to 1,228.37 points. HNX-Index of HNX-Index increased 8.38 points to 315.44 points. Upcom-Index increased 2.69 points to 95.89 points. Liquidity reached a total of 16.5 trillion dong, of which 14.3 trillion dong was on HOSE.

V. Ha

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