Acquiring 6.3 million GMD shares at 10,000 VND while market price is nearly 67,000 VND, Gemadept’s leaders “pocket” dozens of billions

Gemadept successfully issued 6,302,800 GMD shares to 101 employees, raising over 63 billion VND. Leaders, including Chairman Do Van Nhan and CEO Nguyen Thanh Binh, purchased a total of 918,000 shares, spending 9.39 billion VND. Amid GMD shares trading around 66,700-68,300 VND, six times the issuance price of 10,000 VND/share, the ESOP program comes as Gemadept reported revenue of 2,774 billion VND, up 28.6% year-on-year, with pre-tax profit reaching 1,268.5 billion VND, completing 60% of the annual target. The company also acquired 8 million shares of ICD Nam Hai, bringing ownership to 79%, marking consolidation in investment activities.