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Techcombank Chairman's daughter wants to buy 80 million bank shares

VnExpressVnExpress22/08/2023


Ms. Ho Thuy Anh, daughter of the Chairman of Techcombank , registered to buy 82 million TCB shares, equivalent to a value of 2,700 billion VND.

Specifically, Ms. Anh registered to buy these shares through order matching and negotiated transactions. The expected purchase time is from August 25 to September 19.

Ms. Thuy Anh currently holds more than 22.47 million TCB shares, equivalent to nearly 0.64% ownership at Techcombank. If she successfully purchases the registered shares, Ms. Anh will hold more than 104.6 million shares, equivalent to more than 2.97% ownership.

As of the end of June this year, Techcombank Chairman Ho Hung Anh held about 39.3 million shares, equivalent to 1.1% ownership of the bank. Including shares owned by relatives and related companies, Mr. Ho Hung Anh's family holds 621 million TCB shares, equivalent to 17.7% ownership.

The market price of TCB shares is currently fluctuating around 33,000 VND. It is estimated that at this price, Ms. Ho Thuy Anh will have to spend about 2,700 billion VND to buy more than 80 million shares.

In the first half of this year, Techcombank's profit was less than VND11,300 billion, down 20% compared to the same period in 2022, mainly due to difficulties in its strong business segments of real estate credit and corporate bonds.

Techcombank's core credit revenue decreased sharply by 20%, while non-credit revenue also grew lower than the same period last year.

Techcombank, which has been the "runner-up" bank in terms of profits in the banking industry for many years, has fallen to the bottom of the top 5 in the profit rankings for the first 6 months of this year.

Quynh Trang



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