Techcombank chairman’s son raises stake to 3.95%

Monday, Dec 24, 2018 08:42

A customer completes a transaction at Techcombank’s head office in Ha Noi. — VNA/VNS Photo Tran Viet

The private-equity financial institution Techcombank has announced shareholder Ho Anh Minh has bought 44.7 million shares to increase his ownership to 3.95 per cent from 2.66 per cent.

Minh, son of the bank’s chairman Ho Hung Anh, carrying out transactions from December 14 to December 19, 2018, now owns 138 million Techcombank shares.

During the same period, Nguyen Huong Lien, sister-in-law of chairman Anh, sold 45 million Techcombank shares via put-through transactions to cut her stake to 1.99 per cent from nearly 3.28 per cent.

Lien now holds more than 69.6 million shares in the bank’s capital.

The bank’s chairman Anh holds 39.3 million Techcombank shares. The ownership of Anh and his relatives is more than 595 million shares, equal to 17 per cent of the bank’s charter capital.

Techcombank is listing nearly 3.5 billion shares on the Ho Chi Minh Stock Exchange with code TCB. The bank shares inched up 0.2 per cent to end last week at VND27,300 (nearly US$1.2) per share. — VNS

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