VNG founder and CEO Le Hong Minh has just registered to sell nearly 1 million VNZ shares - the code with the highest market price on the stock exchange.
Mr. Le Hong Minh wants to sell more than 983,000 shares of VNG Corporation by order matching method from August 22 to August 31. Currently, VNZ is the most expensive stock on the stock market with the closing price on August 18 of approximately 1.1 million VND per unit.
If all registered shares are sold, VNG founder can earn more than 1,000 billion VND. Mr. Le Hong Minh's ownership ratio will also decrease to 8.8%, equivalent to about 2.5 million VNZ shares.
This code started with a reference price of VND240,000 in the first trading session in early January. After that, VNZ quickly became the stock with the highest market price on the stock market with a series of consecutive ceiling price sessions, with only 100 shares matched. At one point, VNG's stock price exceeded VND1.2 million. However, profit-taking pressure later caused VNZ to fall below the VND1 million threshold.
In the past month, this code has increased in price by more than 50%. However, the average trading volume is still only about 2,500 shares per session.
In the first half of the year, VNG achieved revenue of more than VND4,000 billion and pre-tax profit of nearly VND50 billion. VNG's main business activities include online games, connection platforms, payment and finance, and cloud services. The company also operates in Hong Kong, Thailand, Singapore, the Philippines, Myanmar, Taiwan, and Indonesia.
The business segment that brings in the most revenue for VNG is online game services, accounting for about 70-80% of total revenue in recent years.
Mr. Tu
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