HDBank Records Major Transaction of Nearly 9 Trillion – Who is Behind?

On January 19th, HDBank’s stock saw a significant block trade with a total volume of 291.6 million shares, valued at around 8.8 trillion VND. More than 97% of transactions were executed at the ceiling price of 30,400 VND/share, suggesting these trades were likely mostly between foreign investors. This spike occurred when HDB’s shares had risen over 65% in the past year, nearing historical highs. Additionally, about 1.15 billion shares from a recent issuance will be listed starting January 28, supporting the trading volume. HDBank recently adjusted its charter capital from 38.594 trillion VND to nearly 50.053 trillion VND after the issuance. The bank is also planning to raise capital in international markets by issuing 50 million USD in bonds aimed at green projects. Furthermore, HDBank proposed changing the legal status of HD SAISON Financial Company to enhance its financial capabilities and attract investors.