The stock of CTX, belonging to the Vietnam Construction Investment and Trade Corporation, has surged significantly after being allowed to trade again. In just a month, the stock price soared 140%, from 7,600 VND to 18,400 VND, with five consecutive sessions of maximum increase. On April 17, shareholder Nguyen Thi Kim Xuan sold 11.8 million shares of CTX to AMAI Investment LLC, reducing her ownership from 24.47% to 9.52%, enabling AMAI to become a major shareholder with 14.95% stake. It is estimated that AMAI temporarily profits over 126 billion VND just one month after acquiring the stock. However, CTX’s revenue for 2024 is reported at 161 billion VND, with net profit dropping 68% compared to the previous year.
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