Stanley Brothers Securities Quietly Changes Ownership

Specifically, on August 18, 2025, Thanh Vinh Real Estate Investment and Development JSC reported that it had received the transfer of more than 6.5 million VUA shares, thereby owning 19.366% of the capital of this securities company. The transaction was conducted on August 12.

On the same day, Nam Quang Infrastructure Investment and Development JSC also bought more than 8.3 million shares, thereby owning 24.627% of Stanley Brothers' capital; VIPICO LLC bought more than 6.2 million VUA shares and held 18.342% of capital and Gen Cons Vietnam Construction Investment JSC bought more than 8.3 million shares to own 24.64%.

Prior to the transaction, none of the four entities held any shares of Stanley Brothers Securities.  

In just one day, 87% of the capital of this securities company had a new owner. Previously, according to the annual report of Stanley Brothers Securities, the company had no major shareholders and all 33.9 million outstanding shares were scattered in the hands of small domestic shareholders.  

Data shows that on August 12, more than 32.8 million VUA shares were negotiated and transferred with a total value of VND 460.89 billion, equivalent to 97% of the capital of this securities company, traded in just one session with an average price of VND 14,024/share. At that time, the market price of VUA stood at VND 14,900/share and there were very few matching transactions on the floor.  

Previously, the withdrawal signals of the board of directors were also clearly shown at this securities company.  

While Mr. Luyen Quang Thang registered to sell all 300,000 shares he held between August 12 and September 9 and resigned, other members of the Board of Directors including Mr. Nguyen Quang Anh, Mr. Pham Hoang Hai and members of the Supervisory Board also simultaneously resigned on August 12.  

The above information shows that Stanley Brothers Securities JSC has quickly completed the change of ownership. It is known that the new major shareholders of Stanley Brothers are all related to a large real estate - financial ecosystem, namely ROX Group and Vietnam Maritime Commercial Joint Stock Bank (MSB).  

Previously, sharing at the 2025 Annual General Meeting of Shareholders, MSB leaders also revealed a plan to contribute capital to buy shares of a securities company with a capital scale of 300 - 500 billion VND to complete the ecosystem.  

Stanley Brothers Securities JSC has a charter capital of VND339 billion. However, after continuous losses in the period of 2023 - 2024 and continuing to extend the loss streak in the first two quarters of this year, by the end of the second quarter of 2025, Stanley Brothers Securities had an accumulated loss of more than VND81.1 billion. The company's total assets are only more than VND261.7 billion.  

Of which, the majority of assets are cash and cash equivalents, deposited in banks by Stanley Brothers Securities with a value of VND 152.7 billion.  

Source: https://baodautu.vn/chung-khoan-stanley-brothers-am-tham-doi-chu-d365636.html