Ms. Mai Huyen Trang has recently become a major shareholder of Giay Thuong Dinh Joint Stock Company (GTD) after purchasing 6,385,800 shares, equivalent to 68.67% of the charter capital, for approximately 1.379 trillion VND from the Ha Noi People’s Committee. Currently, GTD shares are trading at around 87,000 VND/share, which means Ms. Trang has a temporary loss of over 824 billion VND, as the market value of her shares is only about 555 billion VND now. Giay Thuong Dinh has a history of more than 60 years, originally as a military footwear factory, but has faced recent challenges from international brands like Adidas and Nike. In 2024, the company reported revenue of just 78.8 billion VND, with a net loss of nearly 13 billion VND and cumulative losses exceeding 67 billion VND. The company owns a 36,105 m2 land plot in Hanoi, which is also on the list of industrial sites to be relocated from the inner city.
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