Truong Thuan Trading Sells 9 Million CEO Shares, Collects Over VND 155 Billion

Overview

Truong Thuan Trading and Investment Co., Ltd. has completed the sale of 9 million shares of CEO Group (HNX: CEO) over two trading sessions, collecting over VND 155 billion. The transaction reduced its ownership from 8.26% to 6.67%, though it remains a major shareholder. The sale was conducted via direct matching on the exchange.

Key Facts

• Truong Thuan sold 2 million CEO shares on April 7, 2026, at an estimated price of VND 16,400/share, collecting about VND 32.8 billion.
• On April 8, 2026, it sold another 7 million shares at an estimated VND 17,500/share, raising approximately VND 122.5 billion.
• Total proceeds from the two-day sale: over VND 155.3 billion.
• Stake reduced from 8.26% (nearly 47 million shares) to 6.67% (nearly 38 million shares).
• The company cited “financial needs” as the reason for the sale.
• Truong Thuận first became a major shareholder in CEO Group in late September 2023, acquiring 42.5 million shares in a rights issue for VND 425 billion.
• Truong Thuận is headquartered at the CEO Tower on Pham Hung Street, Hanoi.

What Happened

Truong Thuan Trading and Investment Co., Ltd. executed the sale of 9 million CEO shares on April 7 and 8, 2026, through direct order matching on the HNX exchange. On the first day, it sold 2 million shares at an estimated VND 16,400 each, and on the second day, it sold 7 million shares at an estimated VND 17,500 each, capitalizing on the stock’s upward momentum. The total proceeds exceeded VND 155 billion.

The company stated that the sale was driven by “financial needs.” Despite the reduction, Truong Thuan remains a major shareholder with a 6.67% stake, holding nearly 38 million shares. The company first appeared as a major shareholder in CEO Group in September 2023 after acquiring 42.5 million shares in a rights issue for VND 425 billion.

Market Context

CEO Group shares (HNX: CEO) traded around VND 16,400-17,500 during the sale period, reflecting some volatility. The stock has been under pressure from the large block sale, though the exact price impact is not detailed. CEO Group operates in the real estate sector, which has faced headwinds from tight credit conditions and slow project approvals in Vietnam. The sale by a major shareholder may signal reduced confidence or a need for liquidity, but Truong Thuan’s continued stake above 5% suggests ongoing interest.

Strategic Significance

The sale by Truong Thuan, a related-party investor headquartered at CEO Tower, indicates a partial exit by a key financial backer. While the company remains a major shareholder, the reduction in stake could be interpreted as a portfolio rebalancing or a response to financial needs. For CEO Group, the sale does not directly affect operations but may influence market sentiment. The fact that Truong Thuan acquired its stake at VND 10,000 per share in the 2023 rights issue and sold at higher prices suggests a profitable exit on part of its position.

What to Watch

• Further stake changes by Truong Thuan or other major shareholders in CEO Group.
• CEO Group’s upcoming quarterly earnings and any updates on project pipeline.
• HNX trading volumes and price action for CEO shares in the coming weeks.
• Any regulatory filings or announcements from CEO Group regarding capital raising or business developments.
• Broader real estate sector policy changes that could affect CEO Group’s outlook.