Doãn Chí Thanh, Head of Business at Nam Việt Joint Stock Company (ANV), and son of CEO Doãn Tới, has had over 1.36 million ANV shares sold to cover margin calls, reducing his ownership to 29.91 million shares (11.22% of capital) on May 15. So far in May, Thanh has lost a total of 4.3 million shares due to margin calls. Meanwhile, his father, Doãn Tới, increased his stake by 3 million shares, raising his ownership to 54.98%. The sell-off follows the U.S. imposing a 46% duty on Vietnamese catfish exports, causing concern for the company. Tới reassured shareholders that while the U.S. is a potential market, they will focus on markets like China and the Middle East. ANV’s stock plummeted 25% from 16,500 VND to 12,400 VND after the tax announcement but has since rebounded to around 15,000 VND.
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