Techcombank chairman’s daughter to buy 82 million shares
By Mei Ling Tan
1 min read
Ho Thuy Anh, daughter of Techcombank’s chairman Ho Hung Anh, has registered to buy 82 million shares of the bank on the market.
The transaction, to be completed between Aug. 25 and Sept. 19, will increase her stakes in Vietnam’s largest private bank from 0.64% to 2.97%.
With the TCB share trading at around VND33,000, the deal is estimated to be worth around VND2.7 trillion (US$113.35 million).
At the end of June, the senior Anh and his family owned around 17.7% of the bank.
Techcombank saw its profits plunge 20% year-on-year in the first half to VND11.3 trillion.