CEO Group Insider Sells 9M Shares, Raising Over 155 Billion VND

Overview

Truong Thuan Trading and Investment Co., Ltd., a company owned by CEO Group Deputy General Director Do Phuong Anh, sold 9 million shares of CEO Group (HNX: CEO) over two trading sessions on April 7-8, 2026. The transaction reduced Truong Thuan’s stake from 8.26% to 6.67% and generated proceeds of over 155 billion VND. The sale is notable due to the insider connection and the significant reduction in holdings, though the entity remains a major shareholder.

Key Facts

• Truong Thuan Trading and Investment Co., Ltd. sold 9 million CEO shares on April 7-8, 2026.
• The sale reduced its ownership from 8.26% to 6.67% of CEO Group’s charter capital.
• Total proceeds from the sale were approximately 155.3 billion VND.
• On April 7, 2 million shares were sold at an estimated price of 16,400 VND/share, raising 32.8 billion VND.
• On April 8, 7 million shares were sold at an estimated price of 17,500 VND/share, raising 122.5 billion VND.
• The reason cited for the sale was “financial needs.”
• Truong Thuan remains a major shareholder with a stake above 5%.
• Do Phuong Anh is the wife of CEO Group Chairman Doan Van Binh and holds 0.44% of CEO personally.

What Happened

According to a filing on the Hanoi Stock Exchange (HNX), Truong Thuan Trading and Investment Co., Ltd. completed the sale of 9 million shares of CEO Group over two consecutive trading sessions. The company began selling on April 7, 2026, offloading 2 million shares at an estimated price of 16,400 VND per share, followed by 7 million shares on April 8 at an estimated 17,500 VND per share. The transactions were executed via direct order matching on the exchange.

Truong Thuan is a financial investment company established in August 2023 with initial capital of 200 billion VND. Do Phuong Anh, Deputy General Director of CEO Group, is the founder and majority owner. The company first became a major shareholder of CEO Group in September 2023 after acquiring 42.5 million shares in a rights issue. The sale reduces Truong Thuan’s holdings from nearly 47 million shares to about 38 million shares.

Market Context

CEO Group (HNX: CEO) is a real estate and construction company listed on the Hanoi Stock Exchange. The stock has experienced volatility in recent months. The insider sale comes at a time when the broader Vietnamese real estate sector is facing headwinds from tightening credit and regulatory changes. The sale by a key insider may raise concerns about near-term sentiment, though the entity remains a major shareholder.

Strategic Significance

The transaction highlights the use of a related-party investment vehicle for managing insider holdings. Truong Thuan’s initial investment in 2023 was part of a capital raising effort by CEO Group. The recent sale, while reducing the entity’s stake, still leaves it with a significant position. The move may reflect a need for liquidity at the investment company level rather than a change in outlook for CEO Group. Investors should monitor whether further sales occur or if the proceeds are redeployed into other assets.

What to Watch

• Any additional filings by Truong Thuan or other major shareholders regarding further stake changes.
• CEO Group’s upcoming quarterly earnings report for Q1 2026, due by end of April, for operational performance.
• Share price reaction of CEO in the coming weeks to gauge market sentiment post-sale.
• Any corporate actions or announcements from CEO Group that might influence shareholder decisions.
• Regulatory filings regarding changes in ownership by Do Phuong Anh or Chairman Doan Van Binh.