Major Shareholder An Phat Sells 5 Million SJS Shares, Reducing Stake to 21.33%
This Aveluro analysis covers SJS. The classified event type is stake change, with negative sentiment and a deterministic market-impact score of 7.0/10. Aveluro classifies this story as a negative catalyst and risk signal for the affected stock. Source coverage came from CafeF - Thị trường chứng khoán, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
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Overview
Major shareholder An Phat Investment sold 5 million shares of SJ Group (SJS) on May 13, reducing its ownership from 23.01% to 21.33%. The transaction, disclosed as a portfolio restructuring move, adds to a series of recent divestments by the same shareholder. SJ Group, a real estate developer, reported strong Q1 2026 results but faces a capital raise of up to VND 2,000 billion.
Key Facts
- An Phat Investment sold 5 million SJS shares on May 13, 2026.
- Stake reduced from 23.01% (68.45 million shares) to 21.33% (63.45 million shares).
- Prior sale on March 6, 2026: 11.4 million shares, reducing stake from 26.86% to 23.01%.
- SJ Group Q1 2026 net revenue: VND 317 billion (+121% YoY).
- Q1 2026 net profit: VND 176 billion (+160% YoY).
- 2026 full-year targets: revenue VND 2,450 billion, net profit VND 1,195 billion.
- Shareholders approved issuance of 230 million shares, including 30 million for dividends (10%) and 200 million rights issue at VND 10,000/share, expected to raise VND 2,000 billion for the Van La housing project.
What Happened
An Phat Investment, a major shareholder in SJ Group, sold 5 million SJS shares on May 13, 2026, according to a filing. The transaction reduced its stake from 23.01% to 21.33%, with the stated reason being portfolio restructuring. This follows a pattern of divestment: in late February and early March 2026, An Phat sold over 11.4 million shares, lowering its stake from 26.86% to 23.01%.
SJ Group reported strong Q1 2026 financial results, with net revenue of VND 317 billion (+121% YoY) and net profit of VND 176 billion (+160% YoY), driven by real estate transfers. The company targets full-year 2026 revenue of VND 2,450 billion and net profit of VND 1,195 billion, implying significant acceleration in the remaining quarters.
Market Context
SJS closed at VND 55,200 on May 18, 2026, down 1.43% on volume of 24,500 shares. The stock trades on HOSE. The repeated selling by a major shareholder may weigh on sentiment, though the company’s strong earnings and capital-raising plans for the Van La project provide a counterbalance. The broader real estate sector has been volatile amid policy changes and credit conditions.
Strategic Significance
The divestment by An Phat Investment signals a potential shift in shareholder structure, possibly reducing insider alignment. However, SJ Group’s aggressive expansion plan, including a VND 2,000 billion rights issue to fund the Van La housing project (12 hectares in Hanoi), underscores its growth ambitions. The company’s ability to execute on its 2026 targets and complete the capital raise will be key for long-term value creation.
What to Watch
- Further stake changes by An Phat Investment or other major shareholders.
- Progress of the rights issue and dividend payment timeline in 2026.
- Q2 2026 earnings release to gauge revenue and profit momentum toward full-year targets.
- Updates on the Van La project development and regulatory approvals.
- Trading volume and price action around the ex-rights date for the rights issue.