Thang Thang Shoes Stock Hits the Upper Limit for 11 Consecutive Sessions, What Does the Leadership Say?

Thang Thang Shoes Joint Stock Company (stock code: GTD) has seen its stock price hit the upper limit for 11 consecutive sessions, reaching 52,200 VND/share, a 342% increase compared to early November. The leadership confirmed that business operations are proceeding normally and attributed the price increase to market supply-demand dynamics. This surge followed the announcement of an auction for over 6.3 million shares owned by the Hanoi People’s Committee, representing nearly 69% of the company’s equity, planned for December 16, 2025, starting price at 20,500 VND/share. If successful, the Hanoi People’s Committee could generate at least 131 billion VND. With over 60 years in operation, Thang Thang Shoes faces fierce competition from major foreign brands in the domestic market. The company also owns a 36,105 m2 land parcel in Nguyen Trai, Hanoi, set to be developed into a residential and service complex, with a projected investment of 1.6 trillion VND, aiming for completion after 2030.