Recently, Tracodi Construction Group Joint Stock Company (TCD) announced that Mr. Nguyen Van Bac, Member of the Board of Directors and Deputy General Director in charge of finance, registered to sell 300,000 TCD shares from March 13 to April 10, 2025, reducing ownership from 0.21% to 0.12%. Mr. Bac had also sold 200,000 shares on March 6. This move comes after Mrs. Huynh Thi Kim Tuyen, Vice Chairwoman of the Board of Directors of TCD, was prosecuted alongside former Chairman of Bamboo Capital, Mr. Nguyen Ho Nam. This news has led to continuous declines in ‘Bamboo’ stocks, with TCD dropping 3.5% to 3,010 VND/share. Mr. Bac could earn about 900 million VND if the transaction is successful. Additionally, several securities companies have withdrawn margin support for BCG and TCD shares, including SHS, BSC, and KBSV, which resulted in these stocks being excluded from the margin lending list. Yuanta Vietnam Securities also removed BCG and TCD from the margin trading list.
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