Vingroup announced this information on 26/11. The transaction is expected to take place from 2/12 to 30/12.

Following the transaction, VinSpeed High-Speed Railway Investment and Development Joint Stock Company will increase its ownership in Vingroup to 423.1 million shares, representing 19.9% of the capital. Conversely, Pham Vuong's ownership in Vingroup will decrease to 8.9%. However, he will retain controlling power over the group, with his family and private companies collectively holding over 65% of the capital.

On the market, VIC shares trade around their peak of 245,000 dong per unit, six times higher than at the beginning of the year. Based on this price, the block of shares Vuong is transferring to VinSpeed is valued at approximately 10,800 billion dong.

Pham Nhat Vuong founded VinSpeed in May. The company primarily operates in the construction, locomotive, and railway carriage manufacturing sectors. Since its launch, the company has received a total of 379 million shares through capital contributions from Vietnam's wealthiest individual. In November, it increased its capital two times, from 15,000 billion to 33,000 billion dong.

Earlier this month, VinSpeed announced the environmental impact assessment (EIA) reports for two high-speed railway projects: Ha Noi - Ha Long and Ben Thanh - Can Gio (TP HCM). The total investment for these projects exceeds 225,500 billion dong. The company aims to commence commercial operations for these two lines by 2028.

Additionally, VinSpeed has proposed investing in the North-South high-speed railway line, with a total capital exceeding 61.3 billion USD. VinSpeed stated it would self-arrange approximately 12.27 billion USD (20% of the total capital). For the remaining amount, the company proposed borrowing interest-free capital from the State for 30 years.

Trong Hieu