Techcombank chairman’s daughter to buy 82 million shares
In this article (5)
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.
Questions & Answers
Q.How much of Techcombank did the chairman and his family own before this current transaction?
How much of Techcombank did the chairman and his family own before this current transaction?
At the end of June, prior to this specific transaction, the chairman Ho Hung Anh and his family held approximately 17.7% of the bank's shares. This figure represents their collective ownership.
Q.What was Techcombank's financial performance in the first half of the year?
What was Techcombank's financial performance in the first half of the year?
In the first half of the year, Techcombank experienced a significant drop in its profits. The bank's profits plunged by 20% year-on-year, reaching a total of VND11.3 trillion.
Reader pulse
What does this major share purchase signal?
21,121 votes so far