T&T Group Joint Stock Company has just announced its plan to sell 74.5 million shares of Saigon - Hanoi Commercial Joint Stock Bank (stock code SHB) from May 13 to June 10 to restructure its investment portfolio. If successful, T&T Group will reduce its ownership in SHB from nearly 362 million shares (9.99%) to more than 287 million shares (7.94%). Chairman of the Board of Directors of SHB Bank - Mr. Do Quang Hien (Mr. Hien) is currently a senior advisor to the Board of Directors and Chief Operating Officer of T&T Group. Mr. Hien personally holds 2.75% of the bank's capital, equivalent to nearly 100 million SHB shares.

In addition, the Vice Chairman of the Board of Directors and Deputy General Director of SHB - Mr. Do Quang Vinh (son of Mr. Hien), is also the Director of International Financial Investment of T&T Group. Mr. Vinh personally owns 939,722 SHB shares.

In addition, Ms. Do Thi Minh Nguyet - Mr. Do Quang Hien's sister, also registered to sell all of the more than 25.7 million SHB shares she holds, equivalent to 0.71% of capital.

The total number of SHB shares registered for sale by T&T Group and Ms. Do Thi Minh Nguyet is equal to the number of SHB shares that Mr. Do Quang Vinh registered to buy, nearly 100.2 million SHB shares. If successful, Mr. Vinh will hold the highest percentage of SHB shares in the Board of Directors of SHB Bank with 101.1 million shares (2.79%).

Thus, it is likely that this is a transaction of transferring the above SHB shares from T&T Group and Ms. Nguyet to Mr. Do Quang Vinh. It is estimated that at the current price, the "transfer" transaction is worth nearly 1,200 billion VND.

SHB Bank has just finalized the dividend payment plan for 2023 with a total rate of 16% of charter capital (equivalent to VND 5,859 billion), including 5% in cash and the remaining 11% in shares. It is expected that after completing the dividend payment in shares, SHB's charter capital will increase to nearly VND 40,658 billion. In 2024, SHB plans to make a profit of VND 11,286 billion, 22% higher than the previous year.