Chairman of a company registers to sell 20% of shares, former Vice Chairman and daughter ready to hold nearly 50%

Mr. Bui Khac Son, Chairman of Xuân Mai Investment and Construction JSC, has registered to sell 14.27 million XMC shares, equivalent to 19.99% of the charter capital. The transaction is expected to take place from December 2 to December 31, 2025, to reduce his ownership ratio. Mr. Nguyen Duc Cu, former Vice Chairman, will purchase the shares, increasing his and his family’s ownership ratio to over 47%. XMC shares are currently trading at 8,700 VND/share, worth about 124 billion VND for the shares owned by Mr. Son. Xuân Mai Corp reported a revenue of 1,453 billion VND in the first 9 months of 2025, up 14.3% year-on-year, and profits increased fivefold. The company also updated on the status of projects, noting difficulties in renovating old apartments and launching new projects.