A Stock Soars Nearly 80%, Chairman Wants to Sell Almost All Shares, Expected to Earn Tens of Billions

The Chairman of the Board of the APG Securities Joint Stock Company, Mr. Nguyễn Hồ Hưng, has registered to sell 6 million shares of APG from May 20 to June 19, 2025. After the transaction, he will hold only 784 thousand shares, equivalent to 0.35%. APG stock has surged 78%, currently at 11,900 VND/share, since the beginning of the year. If successful, Mr. Hưng could earn over 71 billion VND. APG aims for a revenue of 300 billion VND and a profit of 120 billion VND for 2025, three to four times the previous plan, reflecting positive expectations for market upgrades and restructuring results. However, the company’s revenue in Q1 recently dropped by 18% compared to the same period last year. In 2025, APG plans to issue 100 million shares and bonds worth trillions of VND with a maximum interest rate of 9% to raise funds for business activities.