DST

DST sees Thien Hoang Holdings acquire 6.5 million shares on June 4, 2026, lifting its ownership to 20.17% and becoming a major shareholder. The stake change follows a 5-session price surge, prompting a company clarification that business operations remain normal.

DST (HNX) has seen its stock price surge 8 consecutive sessions to VND 11,800 after Thien Hoang Holdings, a newly formed real estate firm linked to Do Thanh Nhan (previously prosecuted for market manipulation), acquired over 20% of DST's charter capital, becoming a major shareholder. DST's core business generates negligible revenue, relying on financial income, raising questions about the sustainability of the rally.

DST sees Thien Hoang Holdings, a company founded just 15 days prior, acquire 6.5 million shares (over 20%) to become a major shareholder. The stock had already rallied 10 consecutive limit-up sessions, raising questions about pre-announcement price action and the strategic intent behind the stake.