Development Investment Construction Corporation (DIC Corp) announced that its chairman of the Board of Directors, Nguyen Hung Cuong, had 1,7 million DIG shares forcibly sold. These transactions took place on 9/2 and 11/2. Following these sales, Mr. Cuong's stake in the company now stands at 63,18 million units, representing 7,93% of the capital.

In the past two months, Mr. Hung Cuong has faced four forced stock sales, totaling over 5 million shares.

Mr. Cuong's family members also experienced similar situations. Ms. Nguyen Thi Thanh Huyen, his sister and current vice chairman, had 252,000 shares forcibly sold on 9/2. Two days later, his mother also had approximately 346,000 units sold.

Nguyen Hung Cuong, chairman of DIC Corp. Photo: DIH.

Since early December, DIG shares have dropped by 21,5% to 15.850 dong per unit. Over the past month, the stock's market price has fallen by more than 5%.

Forced stock sales occur when investors use margin and fail to deposit additional funds after a stock's price drops below a brokerage firm's allowed threshold. Firms typically notify clients one to two days before executing such transactions. To prevent a forced sale, investors must deposit more money into their margin accounts to meet the minimum safety threshold set by the brokerage firm.

Established in 1990, DIC Corp was initially a Ministry of Construction enterprise before its equitization and listing on the stock exchange between 2007 and 2009. The company is a major real estate developer, owning hundreds of hectares of land in locations such as TP HCM, Dong Nai, and Ninh Binh.

In 2025, DIC Corp reported revenues exceeding 5.000 ty dong, more than three times the previous year's performance. After expenses, the company recorded a post-tax profit of 624 ty dong, a 500% increase compared to 2024.

Trong Hieu