Bau Thuy registered to sell all shares worth 4,800 billion VND at Thaiholdings

Thaiholdings Joint Stock Company (THD) has just announced that Mr. Nguyen Duc Thuy (Bau Thuy) has registered all of more than 87 million THD shares of Thaiholdings JSC (equivalent to 24.97% shares) worth about 4,800 billion VND. for the period June 1-30, 2022.

He Nguyen Duc Thuy Formerly Chairman of ThaiGroup, Chairman of Thaiholdings Joint Stock Company and Kim Lien Tourism Joint Stock Company (owning Kim Lien Hotel in the golden land of Hanoi).

Mr. Thuy currently does not hold any position at Thaiholdings but is the founder of this company and is the largest shareholder. Mr. Thuy’s younger brother, Nguyen Van Thuyet, is currently the Chairman of the Board of Directors of Thaiholdings.

Bau Thuy registered to divest from Thaiholdings right after this business returned VND840 billion to Tan Hoang Minh at the request of the Ministry of Public Security under the plan to adjust the audited financial statements for 2021.

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.

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, Thaiholdings’ THD stock has dropped sharply from the current peak of nearly 280,000 VND/share to the current threshold of 55,000 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).

The Bau Thuy brothers currently have large investments in the banking sector. At the end of 2021, Mr. Nguyen Duc Thuy’s younger brother (Vice Chairman of the Board of Directors of LienVietPostBank) did not sell more than 1.8 million LPB shares as registered. The cause of the failure to complete the transaction as registered is due to “not scheduled enough time for the transaction”.

Recently, a group of people related to Xuan Thanh Group boss Nguyen Duc Thuy – the most powerful force in Ninh Binh showed signs of withdrawing from LienVietPostBank.

Before that, another brother of Bau Thuy, Mr. Nguyen Van Thuyet, sold 330,300 LPB shares to restructure his investment portfolio. In early December, Thaiholdings JSC of Bau Thuy successfully sold nearly 22.4 million LPB shares when the market price was at 24,000-25,000 VND/share.

Previously, Thaiholdings held LPB shares at the time when the price was over 28,000 VND. According to the newly released financial report for the third quarter of 2021, 22.4 million LPB shares owned by Thaiholdings JSC have an original price of 563 billion dong.

In May, LienVietPostBank’s share price peaked at more than 30,000 VND/share. Currently, LPB is priced at about 15,000 VND/share. Bau Thuy personally owns nearly 41.6 million LPB shares, equivalent to 3.45% of LienVietPostBank’s share capital.

M. Ha

Continuously selling capital to collect money, Bau Thuy set a rare record

Thaiholdings Joint Stock Company (THD) announced the Resolution on the transfer of all contributed capital at Ton Dan Hanoi Joint Stock Company.