Accordingly, T&T Group did not complete the transaction to sell 74.5 million shares of Saigon - Hanoi Commercial Joint Stock Bank (HoSE: SHB) for the reason given that it did not meet expectations.

On May 9, T&T Group registered to sell 74.5 million shares of Saigon - Hanoi Commercial Joint Stock Bank (HoSE: SHB) for the purpose of restructuring its investment portfolio. The implementation method is order matching and/or negotiation during the period from May 13 to June 10.

Before the transaction, T&T was holding 361.9 million SHB shares, accounting for 9.99% of the total listed shares. After the successful transaction, the number of SHB shares owned by T&T Group will be only nearly 287.4 million shares, equivalent to 7.94% of the total listed shares. However, due to the failed transaction, the number of SHB shares held by T&T Group remains unchanged.

SHB stock price movements during the period T&T Group registered to sell shares.

Previously, Mr. Do Quang Vinh - Vice Chairman of the Board of Directors and General Director of SHB, son of Mr. Do Quang Hien - Chairman of the Board of Directors of SHB, reported that he had only successfully purchased 25.73 million SHB shares by negotiation in 2 days, May 8 and May 9, 2024.

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

Before the transaction, Mr. Hien's son was holding 939,722 SHB shares, equivalent to 0.026%. After the transaction, Mr. Do Quang Vinh increased his ownership to nearly 26.7 million shares, equivalent to 0.74% of capital.

On May 8 and 9, Ms. Do Thi Minh Nguyet, Mr. Hien's sister, also successfully sold all of the more than 25.73 million SHB shares she was holding, equivalent to 0.711% of the bank's charter capital, by negotiation and transaction from May 8 to May 9, 2024.

After the transaction, Ms. Nguyet no longer holds any SHB shares, equivalent to divesting all capital from the bank. It is estimated that based on the market price of SHB shares at the closing time of May 9, which was 11,750 VND/share, Mr. Hien's sister has closed a profit of nearly 302.4 billion VND .