In the morning trading session on March 6, Bamboo Capital's stock was unexpectedly "rescued". As of the end of this morning's session, this stock matched the order with a trading volume of more than 76 million units, equivalent to more than 8% of the total outstanding shares of this company.
The current price of this stock is VND 4,410/share, down 5.16% compared to yesterday's closing price on March 5.
Similarly, another stock in the Bamboo Capital ecosystem, Tracodi (code TCD), also exit the exchange with skyrocketing liquidity of more than 8 million traded stocks. The current price of this stock is VND 3,280/share, down 5.2% compared to yesterday's closing price.
Both BCG and TCD stocks are still falling sharply and are trading around the lowest price range in history. Meanwhile, two other stocks in this ecosystem, BCG Land (BCR) and BCG Energy (code BGE), have recovered quite positively.
This group purchase move appeared after a series of securities companies announced the sale of a large number of BCG shares. Previously, Bao Viet Securities Company (BVSC) had just announced information about the sale of 15 million BCG shares - Bamboo Capital Joint Stock Company of Mr. Nguyen Ho Nam.
In a similar move, another securities company, KIS, also announced the sale of 5 million BCG shares of Mr. Nguyen Ho Nam from March 3, 2025.
Not only that, a series of other securities companies also cut the margin ratio for BCG shares. For example, in the latest notice, SHS Securities Company has removed BCG shares ( HSX) from the Securities List for deposit trading at SHS from February 28, 2025.
In addition, BIDV Securities Company (BSC, code: BSI) has also announced that BCG and TCD types are removed from the portfolio allowed to be deposited (margin) at BSC. The date of exclusion from the lending portfolio is 3.3 and the date of exclusion from the collateral asset classification portfolio is 4.3. KB Vietnam Securities Company (KBSV) announced that BCG will adjust its deposit lending ratio from 20% to 0% from March 3.
All of these moves occurred after on February 28, 2025, Bamboo Capital informed about being notified by the competent authority about the decision to prosecute the case and the decision to prosecute Mr. Nguyen Ho Nam. The company said that since April 27, 2024, Mr. Nguyen Ho Nam has resigned and no longer holds positions at the Board of Directors, Supervisory Board and Executive Board.
Although he has resigned from BCG, Mr. Nam is known to still be in the Group's strategy board and the largest shareholder of the company. At Bamboo Capital, Mr. Nguyen Ho Nam is the largest shareholder with a holding of nearly 92 million shares (10.42%). In addition, Mr. Nam's biological mother holds more than 100,000 shares (0.01%) and Mr. Nam's wife holds nearly 8.6 million shares (0.98%). The total ownership of Mr. Nguyen Ho Nam and related parties at BCG reached nearly 158.5 million shares (18.01%).
In the market, Mr. Ho Nam is known as the founder and leader of Bamboo Capital from the early days to become an ecosystem with total assets of up to billions of USD as at present. Bamboo Capital is also a name that has caused a stir in the financial market with a series of large M&A deals.
As a result, the Company's after-tax profit for the whole year of 2024 reached VND845 billion, up to 394% compared to 2023. This result is largely due to the decrease in financial costs of VND 479 billion, equivalent to a decrease of 30%, due to the subsidiary in charge of the energy sector - BCG Energy (share code BGE) early repurchase of two bond lots worth VND 2,500 billion.
As of December 31, 2024, Bamboo Capital's total assets reached VND 46,552 billion, up 11% over the beginning of the year, thanks to the merger of tipharco Pharmaceuticals. The equity of this multi-industry corporation also increased by 23%, reaching VND 21,394 billion. Thanks to that, the debt/equity ratio continues to decrease, to only 1.2 times by the end of 2024.
