According to an announcement from Hoa Phat, Tran Vu Minh plans to execute the transaction between 12/3 and 10/4 through either order matching or negotiated deals. This move aims to increase his ownership stake in the company. Following the transaction, Minh is expected to raise his holdings in Hoa Phat from 176.4 million units to 226.3 million units, representing 2.95% of the group's capital.

The HPG stock also hit its floor price on 9/3, closing at 25,350 dong per share. This occurred during a trading session where the market experienced a record loss of 115 points, marking HPG's lowest price since early 8/2025. Consequently, Tran Dinh Long's son is expected to spend nearly 1,300 billion dong to complete the transaction.

Born in 1996, Tran Vu Minh currently serves as the director of Dai Phong Trading and Investment Company Limited. However, he does not hold any official position within his father's enterprise, Hoa Phat Group.

Hoa Phat is currently Southeast Asia's largest steel producer, boasting an annual capacity of 16 million tons. Last year, the company recorded total revenue of 158,332 billion dong, a 13% increase compared to 2024. Steel sales accounted for 94% of this revenue.

After deducting expenses, the enterprise reported a pre-tax profit exceeding 15,500 billion dong, marking a 29% increase and surpassing its set plan by 3%. Hoa Phat's total assets reached nearly 258,000 billion dong, with equity comprising over half of this amount.

Trong Hieu