Trần Vũ Minh, son of Chairman Trần Đình Long, has registered to buy 50 million HPG shares of Hòa Phát Group. Currently, Minh holds 176.39 million shares, making up about 2.3% of the company’s capital. If the transaction is completed, his total shares will rise to 226.39 million, or 2.95% of capital. The purpose of the transaction is to increase share ownership through matching orders and agreements, expected to take place from March 12 to April 10. This move comes as HPG shares have significantly declined, closing at 25,350 VND/share on March 9. The estimated transaction value reaches 1.25 trillion VND.
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