Trading of 5 million HPG shares of Hoa Phat chairman’s son – Tran Vu Minh stopped

The State Securities Commission stopped transaction of HPG shares of Mr. Tran Vu Minh in accordance with the Notice of Stock Purchase on May 18, 2021. Accordingly, Mr. Tran Vu Minh (son of Mr. Tran Dinh Long - Chairman of the Board of Directors) ) has not yet made the purchase of 5 million HPG shares. The reason was that the State Securities Commission requested to stop buying shares: the Resolution of the General Meeting of Shareholders No. 01/NQ-ĐHĐCD.2021 dated April 22, 2021 of Hoa Phat Group Joint Stock Company did not clearly identified the transferee under the provisions of Point b, Clause 2, Article 35 of the Securities Law 2019.

Therefore, to ensure compliance with the provisions of the Securities Law and the requirements of the State Securities Commission, the Board of Directors of Hoa Phat Group Joint Stock Company issued Resolution No. 13/NQHP-2021 dated June 2, 2021 approving the closing of the shareholder list of Hoa Phat Group Joint Stock Company to collect shareholders' opinions in writing. Its purpose is to clearly identify the object of transfer and receiving of shares as prescribed at Point b, Clause 2, Article 35 of the Law on Securities in 2019 in the transaction of receiving and transferring 5 million HPG shares of Mr. Tran Vu Minh (son of Mr. Tran Dinh Long - Chairman of the Board of Directors), resulting to Mr. Tran Vu Minh and related persons own from 35 per cent or more of the voting shares of Hoa Phat Group Joint Stock Company without a public tender offer.

HPG News