After a year of divesting, the Vice Chairman of a company plans to spend nearly 250 billion VND to buy shares when the price has increased by 50%

On August 18, Mr. Phan Ngoc Hieu, Vice Chairman of the Board of Directors of PC1 Group, announced plans to buy 8 million shares of PC1 from August 22 to September 21, 2025. Prior to this transaction, he did not hold any shares. If successful, he will own 2.24% of the charter capital. At this time, PC1’s shares have increased nearly 50% since early July. The share price is at 30,550 VND, estimated Mr. Hieu will need approximately 244 billion VND to complete the deal. He previously sold all 15.5 million PC1 shares in September 2024 at just 25,000 VND per share to restructure his investment portfolio. PC1’s revenue for the first half of 2025 was 4,795 billion VND, down 9.6% year-on-year, with a profit after tax of 306 billion VND. The company is a main contractor for the 500kV Lao Cai – Vinh Yen power line project worth 7,410 billion VND, currently in the wire-pulling phase.