Dinh Quang Chien, Vice Chairman of Tu Lien Urban Development Joint Stock Company (Lideco), has significantly expanded his stock portfolio, becoming a major shareholder in several companies with total holdings valued at over 1,200 billion VND. His recent activities include increasing his stake in Truong Thanh Investment Construction and Development Joint Stock Company (Truong Thanh Group) and acquiring shares in other listed firms.

On 25/6, Truong Thanh Group announced Chien's acquisition of an additional 645,500 TTA shares. This transaction boosted his ownership to 23,7 million units, representing 13,3% of the company's capital, with a value of approximately 275 billion VND. Chien, his daughter, and related entities collectively hold 15,5% of Truong Thanh Group's shares, having consistently bought TTA stock throughout May and June. During this period, Chien also invested tens of billions of VND to accumulate more shares in LIG, HHS, and HCD.

Shares directly held by Dinh Quang Chien. Photo: Trong Hieu

Beyond these recent acquisitions, Dinh Quang Chien directly owns shares in 7 other enterprises, with volumes ranging from several million to tens of millions of units. His largest holding is in Central Power Investment and Development Joint Stock Company, where he owns nearly 25% of the company's capital, estimated at 327 billion VND, and serves as Chairman of the Board of Directors.

Born in 1967 in the former Nam Dinh province, Chien holds a Bachelor's degree in Finance and Accounting. He began his career at the Hai Hau Tax Department in the former Nam Dinh province from 1991 to 1995. Chien joined Lideco in 2005 as a Board Member, and since 4/2019, he has held the position of Vice Chairman. He currently holds nearly 18 million NTL shares, equivalent to 14,76% of Lideco's capital.

Dinh Quang Chien, Vice Chairman of Lideco. Photo: NTL

Lideco, the real estate company where Chien is Vice Chairman, has also significantly invested in securities in recent years, despite its core business. According to its Q1 financial report, Lideco allocated approximately 576 billion VND to this investment channel, accounting for 30% of its total assets. This strategy generated over 13 billion VND in profit for the company.

In Q1, Lideco reported a post-tax profit of over 14,5 billion VND, more than double the profit from the same period last year. However, the company's profit primarily derived from its securities investments, as revenue from core business operations reached just over 4 billion VND.

Trong Hieu