HoSE to call off unauthorized 2.6mn-share sale by LDG chairman

August 21, 2023

The Ho Chi Minh Stock Exchange (HoSE) announced it would cancel LDG Investment JSC chairman Nguyen Khanh Hung’s unauthorized sale of over 2.6 million LDG shares on Tuesday. Hung was found to have initiated the sale without disclosing its details to the southern bourse, as per the prevailing regulations, the HoSE said, explaining its reasoning for scrapping the transaction. Between 2022 and May this year, Hung was forced to sell some 18.2 million shares of LDG, equivalent to a 7.11 percent stake in the firm, thereby removing his status as a major shareholder. Closing the session on Wednesday, LDG ended in positive territory, up 0.94 percent against the previous session at VND6,420 ($0.26), with more than 5.7 million shares changing hands. Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

The source of this news is from Tuoi Tre News