QNT Shareholders Correct Marital Status After 19.29% Stake Filing

Overview

Two shareholders of CTCP Tư vấn và Đầu tư Phát triển Quảng Nam (UPCoM: QNT) have filed to correct their previously declared marital relationship, stating they have no legal marriage. The correction covers a combined 19.29% stake and arrives roughly two months after more than 90% of QNT’s capital changed hands and the Chairman sold his entire 77.35% holding.

Key Facts

• Ông Trần Đức Trung holds 476,450 QNT shares, equal to 14.79% of charter capital; bà Đặng Thị Lan Anh holds 144,990 shares, or 4.5%.
• Combined, the two hold 621,440 shares, equivalent to 19.29% of QNT.
• The correction document is dated 2/10/2026 and was sent to the State Securities Commission, HNX and QNT.
• The original large-shareholder reports were filed on 11/8 and described the relationship as “vợ - chồng”.
• On 11-12/8/2026, five previously unlisted investors bought more than 90% of QNT’s charter capital; ông Đào Đình Dư emerged as the largest holder with about 1.56 million shares, over 48%.
• Chairman Nguyễn Đức Dũng sold 2,380,900 shares between 11-28/8, cutting his stake from 77.35% to 3.45%, then sold the remaining 111,200 shares on 14-15/9.
• Ông Dũng submitted his resignation as Chairman on 29/9, citing personal reasons.

What Happened

According to the filing, ông Trần Đức Trung and bà Đặng Thị Lan Anh submitted a document to the State Securities Commission, the Hà Nội Stock Exchange and QNT requesting an adjustment to the relationship information disclosed in their earlier ownership reports. In the large-shareholder reports dated 11/8, the two had declared themselves husband and wife. Nearly two months later, they stated that no legal marital relationship exists and that no marriage registration certificate has been issued, making the earlier declaration inaccurate.

Ông Trung asked that his related-person disclosure be amended to “none” while keeping his share count and ownership ratio unchanged. Because bà Lan Anh’s holding of 4.5% falls below the 5% threshold, the two also requested that she no longer be classified as a large shareholder on the basis of the previously declared relationship, and that they no longer be treated as a related group of large shareholders. The requests are pending recognition and adjustment by the regulator and the company.

Market Context

QNT trades on UPCoM and closed at 8,500 on 29/9/2026, the same day the former Chairman tendered his resignation. The stock sits in the Construction & Materials sector, a segment that has seen thin liquidity and selective restructuring flows on the unlisted public market. The ownership churn at QNT is unusually concentrated: five new investors absorbed over 90% of the company within two trading days in August, while the incumbent Chairman exited completely within roughly five weeks. The marital-status correction is the latest disclosure revision in that sequence.

Strategic Significance

For long-term investors, the central issue is not the marital status itself but the reliability of related-party disclosure during a near-total change of control. Related-person status affects how holdings are aggregated against the 5% large-shareholder threshold, which in turn shapes reporting obligations, trading restrictions and the transparency of any future group action. If the two shareholders are reclassified as unrelated, bà Lan Anh’s 4.5% position falls outside large-shareholder reporting requirements, and the 19.29% block is no longer treated as a coordinated group. That changes the visible ownership map of a company that has just been almost entirely reconstituted.

What to Watch

• Confirmation from the State Securities Commission or HNX on whether the correction is accepted and how the 19.29% block is reclassified.
• Any further filings by ông Đào Đình Dư (over 48%) or ông Nguyễn Văn Dũng (21%) that clarify the new control structure.
• Resolution of the Chairman vacancy following ông Nguyễn Đức Dũng’s 29/9 resignation, and the composition of the new board.
• QNT’s next periodic disclosure on ownership and any subsequent changes in the 4.5% positions held by ông Nguyễn Việt Hùng and bà Đặng Thị Lan Anh.
• Trading liquidity and price behavior around the 8,500 reference close as the new shareholder base settles.