Vinaconex (VCG) Plans to Sell 35.4M VIW Shares, Related Entity to Buy 13.34M
This Aveluro analysis covers VCG (Cổ phần Xuất nhập khẩu và Xây dựng Việt Nam) in the Construction & Materials sector. The classified event type is stake change, with neutral sentiment and a deterministic market-impact score of 4.9/10. 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
Vinaconex (VCG) has reported the sale of 6.667 million shares of Viwaseen (VIW) and registered to sell an additional 35.4 million shares, reducing its ownership from 86.01% to a targeted 25%. Concurrently, related entity An Quy Hung Holding, whose controlling shareholder is VCG’s chairman, registered to buy 13.34 million VIW shares. The transactions are scheduled between May 28 and June 26, 2026.
Key Facts
- Vinaconex sold 6.667 million VIW shares between April 23 and May 22, 2026, out of a planned 42.1 million, citing unfavorable market conditions.
- After the sale, VCG holds 49.9 million VIW shares, equivalent to 86.01% of Viwaseen’s charter capital.
- VCG registered to sell another 35.4 million VIW shares from May 28 to June 26, 2026, via order matching and/or negotiated deals.
- If successful, VCG’s stake in Viwaseen would drop to 14.5 million shares, or 25%.
- An Quy Hung Holding registered to buy 13.34 million VIW shares in the same period, aiming to increase its ownership to 23% of Viwaseen.
- An Quy Hung Holding was established in October 2025 with charter capital of VND 500 billion, primarily engaged in real estate brokerage and consulting.
- The controlling shareholder of An Quy Hung Holding is Nguyen Xuan Dong, who is also the Chairman of Vinaconex.
What Happened
Vinaconex (VCG) disclosed the partial sale of its stake in Viwaseen (VIW) through a regulatory filing. From April 23 to May 22, 2026, VCG sold 6.667 million VIW shares, falling short of its registered target of 42.1 million shares due to unfavorable market conditions. Following this, VCG now holds 49.9 million shares, representing 86.01% of Viwaseen’s equity.
Immediately after, VCG registered to sell an additional 35.4 million VIW shares between May 28 and June 26, 2026, with the aim of restructuring its investment. If completed, VCG’s stake would fall to 25%. In a related move, An Quy Hung Holding, a company controlled by VCG Chairman Nguyen Xuan Dong, registered to buy 13.34 million VIW shares during the same period, which would raise its holding to 23% of Viwaseen.
Market Context
VCG shares closed at VND 21,000 on May 24, 2026, up 0.96% with volume of 3.19 million shares on HOSE. VIW shares surged 13.19% to VND 26,600 on volume of 3.09 million shares on HNX, reflecting market reaction to the ownership changes. The transactions come just months after VCG acquired a 98.16% stake in Viwaseen from SCIC in late 2025, making VIW a subsidiary.
Strategic Significance
The coordinated sale by VCG and purchase by An Quy Hung Holding suggests a transfer of control within related parties rather than a true exit. By reducing its direct stake to 25%, VCG may deconsolidate Viwaseen from its financial statements, potentially improving its balance sheet metrics. Meanwhile, An Quy Hung Holding’s increasing stake aligns with the chairman’s personal investment strategy. The move could also facilitate future capital raising or restructuring at Viwaseen without VCG’s direct involvement.
What to Watch
- Completion of the registered sale and purchase by June 26, 2026, and the final stake percentages.
- Any subsequent filings regarding changes in Viwaseen’s board composition or management.
- VCG’s Q2 2026 earnings report for potential deconsolidation impact.
- Market reaction in VIW and VCG share prices as the transactions progress.
- Regulatory approvals or disclosures related to the related-party transactions.