CEO of a major seafood company “steps in” to rescue stock prices, while son faces “margin call” from securities company

On April 10, Mirae Asset announced the liquidation of 2.9 million ANV shares owned by Doãn Chí Thanh, son of Nam Việt’s CEO, Doãn Tới. Despite the announcement, no shares were sold on April 10. Doãn Tới plans to buy an additional 3 million ANV shares to increase his stake, claiming he will continue purchasing if stock prices drop. He emphasized that ANV stocks are highly promising and encouraged shareholders to hold onto their stocks. Nam Việt reported a Q1 profit of 140 billion VND, significantly up from the previous year, with an expected annual profit of around 500 billion VND and a 10% dividend. ANV shares have begun to recover after consecutive drops, increasing nearly 6% from the previous session.