Stock of a company ‘hitting historical lows’: Chairman repeatedly subjected to forced selling, ‘carrying’ accumulated losses of over 500 billion VND

The Joint Stock Company Fat Race Group (ticker: DFF) recently announced the large-scale forced selling of shares by its Chairman of the Board, Mr. Le Duy Hung, with over 4 million shares sold in the two trading sessions of February 18-19, 2025, reducing his ownership from 47.18% to 42.15%. DFF shares are currently trading at 1,800 VND, a drop of 94% from three years ago. Le Van Thinh, Mr. Hung’s brother, also faced forced selling of nearly 800,000 shares, losing all ownership. DFF’s financial situation is dire, having reported back-to-back net losses for 2023 and 2024, with revenues of 292 billion VND, down 61% year-on-year, and gross losses. The company recorded a net loss of 402 billion VND in 2024, with accumulated losses nearing 502 billion VND, all while the stock price continues to hit historical lows.