What are the owners whose stocks have skyrocketed in price?

“Elect” Thuy has lost nearly 1 billion USD since the beginning of the year

THD stock of Thaiholdings Joint Stock Company, an enterprise founded by Mr. Nguyen Duc Thuy as a founding member, was once the hottest stock in the market and is sought after by many investors. However, this share price is plunging without stopping, especially after Mr. Thuy registered to sell all the shares he owns.

With the stock price of THD running out of steam, Mr. Nguyen Duc Thuy could no longer hold his position in the Top 10 richest people on the stock exchange. Before that, Mr. Thuy used to hold the 8th position in the Top 10 richest people for many months. Currently, the businessman from Ninh Binh has a fortune of 4,200 billion VND.

This fortune comes from the fact that Mr. Thuy owns 87.40 million THD shares, equivalent to 24.97% shares in Thaiholdings, and 41.57 million shares of LPB, equivalent to 2.76% share capital in LienVietPostBank. .

THD’s stock price movement is typical of the phenomenon of stocks rising hot after listing on the floor, then falling into a cold state. At one time, THD set a peak of 277,000 VND/share (December 31, 2021), 13 times higher than the June 2020 offering price.

At the close of the latest trading session, THD was only 41,200 dong/share, so this stock price has lost 85% of its value since the beginning of 2022, which means that Mr. Thuy’s asset at THD has plummeted by 20,600 billion dong. dong since the beginning of the year.

In general, from the beginning of 2022, Mr. Thuy’s total assets at THD and LPB decreased by VND 20,900 billion compared to when the stock price was at its peak, to VND 4,200 billion.

Recently, Mr. Nguyen Duc Thuy decided to “end his love” with Thaiholdings with the move to register to sell all 87.40 million THD shares that he personally owns. The transaction is expected to take place in June this year. If the transaction is successful at the current price, “vote” Thuy is expected to earn about VND 3,600 billion from this divestment.

Mr. Thuy was born in 1976, the second son of giant Nguyen Xuan Thanh, founder of Xuan Thanh Economic Group, now known as Thaiholdings. At present, Mr. Thuy does not hold any position at Thaiholdings. The chairman of Thaiholdings is Mr. Nguyen Van Thuyet, Mr. Thuy’s younger brother.

Mr. Nguyen Duc Thuy is currently holding the position of Vice Chairman of the Board of Directors of LienVietPostBank.

Louis “family” stock: The mallard turned into a swan and broke its wings

Mr. Do Thanh Nhan’s assets, including real estate and supercars, were seized by SHB to ensure early debt recovery.

Starting from the food sector with rice exports, Mr. Do Thanh Nhan’s Louis Holdings orients to develop into a multi-industry corporation with 4 core areas: agriculture, investment – M&A, real estate, industry .

That is the statement of Mr. Nguyen Thanh Nhan when this giant poured money to invest in businesses such as: Louis Land Joint Stock Company (BII), Louis Capital JSC (TGG), An Giang Import Export Joint Stock Company (AGM), Plastic Cable Joint Stock Company Vinh Khanh (VKC), Smetel Joint Stock Company (SMT)… and many other projects.

However, up to now, members of this ecosystem are still stuck with the old business or financial investment. That shows that Mr. Do Thanh Nhan’s biggest ambition is financial investment, in which the wrong move of Mr. Nhan is stock price manipulation activities. This activity causes this Western giant to pay the price by being prosecuted and detained since April 20, 2022.

In parallel with sharing a house with Louis Holdings, the shares of the above business group also waved under Mr. Do Thanh Nhan, the word “duck” suddenly turned into “swan”. Stocks that are mostly worth just “ice of iced tea” have taken turns to peak, increasing many times in a short time, especially in the period from August to mid-September 2021. In which, BII and TGG continuously recorded a series of ceiling gain sessions.

After many speculations about the suspicion of stock price manipulation, the prices of the above stocks quickly turned down since September 2021, and especially fell sharply since the time Mr. Do Thanh Nhan was prosecuted. A series of stocks from “duck” suddenly turned into “swan”, now the swan has broken its wings.

Only in the first 6 months of this year, the price movements of these stocks are as follows: BII shares of Louis Land JSC decreased by 60% in price, to 5,400 VND/share; TGG of Louis Capital JSC decreased by 57.35% to 7,890 VND/share; VKC of Vinh Khanh Plastic Cable Joint Stock Company decreased by 60.46% to 5,100 VND/share; LDP of Lam Dong Pharmaceutical JSC decreased by 52% to 17,900 VND/share; SMT of Smetel JSC decreased 11% to 13,800 VND/share; AGM of An Giang Import-Export JSC decreased 16% to VND 30,400/share;…

Recently, a series of assets of Mr. Do Thanh Nhan including real estate and super cars were seized by SHB Bank to ensure early debt recovery. This move took place right after Mr. Do Thanh Nhan was arrested. SHB said that the bank recovered these assets before May 19, 2022.

According to Hien Anh