According to Hoa Phat Group, Tran Vu Minh plans to acquire HPG shares from 7/10 to 5/11 through order matching or negotiated transactions. Previously, in March, Mr. Minh also registered to purchase a similar number of HPG shares.

If this transaction is completed, Mr. Minh's holdings will increase from 230,6 million to 280,6 million units, equivalent to 2,73% of the charter capital.

This significant share purchase by Chairman Tran Dinh Long's son comes as HPG's market price has fallen to a 15-month low. At the close of trading on 2/10, the stock was 20.050 dong, down nearly 15% since the start of the year and its lowest level since 6/2025.

It is estimated that Mr. Minh would spend approximately 1.000 billion dong if he acquires all the planned shares.

Tran Vu Minh, born in 1996, does not currently hold any position at Hoa Phat Group. He is the Director of Dai Phong Trading and Investment Co., Ltd., a company operating in real estate, retail, and finance. This company currently holds approximately 4 million HPG shares.

According to a report last month, MB Securities (MBS) forecasts that Vietnam's largest steel company could achieve 5.600 billion dong in Q3 profit, a 40% increase year-over-year. This result is due to Hoa Phat's projected 50% revenue increase, reaching over 55.000 billion dong.

MBS estimates the group's Q3 sales volume reached 4,1 million tons, a 38% increase year-over-year. This volume is sufficient to offset the approximately 6% decrease in steel prices compared to Q2. Consequently, the gross profit margin of Vietnam's largest steel producer is projected to reach 17%, a slight increase of 0,3% compared to Q3/2025.

Trong Hieu