B Vietnam Securities (BVSC) has announced it will sell off 15 million BCG shares owned by Nguyen Ho Nam from March 3 to March 31, 2025. Similarly, KIS Securities will sell 5 million BCG shares during the same period. Nam, the largest shareholder of Bamboo Capital, resigned from all positions on April 27, 2024, after being prosecuted. The total shareholding of him and related parties reached nearly 158.5 million shares (18.01%). BCG shares faced massive selling pressure, plummeting to 4,990 VND per share on March 4, with a significant surplus for sale. Several securities companies, such as SHS, BSC, and KBSV, have ceased margin trading for BCG shares, indicating a downturn for this stock in the market.
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