Ho Chi Minh City Stock Exchange (HoSE) has just announced regarding stock transactions of insiders and related persons of insiders of Saigon Hanoi Commercial Joint Stock Bank (SHB).

Accordingly, Mr. Do Quang Vinh, Vice Chairman of the Board of Directors and Deputy General Director of SHB, registered to buy 74.5 million SHB shares by order matching and/or negotiation from June 26 to June 28, 2024 for the purpose of restructuring the investment portfolio.

Before the transaction, Mr. Vinh owned nearly 26.7 million SHB shares, equivalent to 0.74%. After completing the transaction, Mr. Vinh plans to increase the number of shares he holds to nearly 101.2 million shares, equivalent to 2.8%.

On the same day, T&T Group Corporation also registered to sell 74.5 million SHB shares for the purpose of restructuring its investment portfolio. The transaction method is negotiation and/or order matching in the period from June 26 to June 30, 2024.

Before the transaction, T&T Group owned nearly 362 million SHB shares, accounting for nearly 10% of the total listed shares. If the transaction is successful, the company will reduce its ownership ratio at SHB to nearly 287.4 million shares, accounting for 7.94% of the total listed shares.

Previously, on June 13, T&T Group also announced that it did not complete the transaction to sell 74.5 million shares of Saigon - Hanoi Commercial Joint Stock Bank (HoSE: SHB) with the reason given being that it did not meet expectations.

In May 2024, Mr. Do Quang Vinh also successfully bought 25.73 million SHB shares by negotiation in 2 days, May 8 and May 9, 2024.

Previously, Mr. Vinh registered to buy 100.2 million SHB shares from April 19 to May 17, with the intention of increasing his ownership to 101.1 million shares, equivalent to 2.79% of capital. However, due to unfavorable market developments, the transaction was not completed.

On the stock market, in the morning trading session on June 25, SHB shares were being traded around VND 11,400/share with a trading volume of more than 3.2 million units .