Kosy Group chairman Nguyễn Việt Cường and two related companies, Kosy Real Estate Investment and Leo Regulus Investment, had KOS shares forcibly sold by securities firms through margin liquidation. Cường's holding fell by 175,287 shares between 19 and 23 October 2026, lowering his stake from 33.17% to 33.09%. Kosy Real Estate Investment sold 445,500 shares, cutting its stake from 4.26% to 4.05%, while Leo Regulus sold 175,870 shares, reducing its stake from 10.251% to 10.17%. Kosy Group attributed KOS's five consecutive limit-down sessions to a market downturn, brokerages reducing margin lending and forced selling, and said its core business operations remain on schedule.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Chủ tịch Kosy Group và doanh nghiệp liên quan bị bán giải chấp cổ phiếu KOS
Keywords
KOSreal estatebrokeragesmargin lending
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Related tickers and likely impact
KOS
▼ Likely negativeKOSY Company
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Real Estate |
| Industry | Real Estate Holding & Development |
| Market cap | 1,093 bn VND |
| P/E | 39.8 |
| P/B | 0.47 |
| Close on 10/23/2026 | 5.05 |
| Change that session | -6.83% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- 25 Consecutive Limit-Down Sessions: Provincial Real Estate Firm Stirs Market
Kosy (HOSE: KOS) closed at 5,050 dong on 23 October, its 25th consecutive limit-down session, down more than 82% from 32,950 dong on 16 September, and its market capitalisation fell from about 7,133 billion dong to 1,257 billion dong. The family group of Chairman Nguyễn Việt Cường holds over 134 million shares, or more than 62% of the company, and some of these shares are pledged as collateral for bank loans. From late September to mid-October 2026, securities firms carried out forced sales of over 561,000 of Cường's shares, nearly 763,000 shares linked to Kosy Real Estate and about 4,700 shares linked to Leo Regulus. Forced-sale attempts for over 8.6 million shares held by Vice Chair Nguyễn Thị Hằng and 9 million shares held by Deputy General Director Nguyễn Thị Phương Thảo failed due to weak demand. Kosy attributes the decline to weak market conditions, lower liquidity, investor sentiment and securities firms cutting margin lending, and says its core real estate, renewable energy and project operations are proceeding as planned.
- Doctorate-Holding Chairman Repeatedly Hit by Forced Margin Share Sales
Kosy Chairman Nguyễn Việt Cường has had shares sold under margin forced liquidation again, the second time in under a month, as KOS extends a run of limit-down sessions. From 19 to 23 October 2026 he lost 175,287 shares, cutting his stake from 33.17% to 33.09% of charter capital, bringing his total sold across recent periods to 736,951 shares. Two related entities, Kosy Real Estate Investment Co., Ltd. and Leo Regulus Investment JSC, were also sold 445,500 and 175,870 shares. KOS closed at 5,050 VND on 23 October, its 25th consecutive limit-down session and more than 82% below 32,950 VND on 16 September. Kosy attributed the pressure to weak liquidity, selling sentiment and some brokers cutting margin lending ratios and liquidating positions, while its reviewed H1 2026 net profit of over 15 billion VND, up about 121%, was only near 13% of its full-year plan.
- Chairman With a PhD Sees Shares Force-Sold by Securities Firm
Kosy Chairman Nguyen Viet Cuong (PhD) had 560,854 KOS shares force-sold by a securities firm between October 7 and 13, 2026, reducing his stake to about 33.17% of outstanding shares. A related entity, Kosy Real Estate Investment Co., Ltd., also had 8,000 shares force-sold on September 29 and from October 1 to 5. KOS has hit the floor price for 17 consecutive sessions, closing at 8,960 dong, with 75.6 million shares (about 35% of the company's total) offered at the floor and almost no buying demand. Kosy attributes the slide to momentum selling and to some brokers cutting margin lending ratios and forcing sales, while stating that its core real estate, renewable energy and project operations remain on plan. Its reviewed mid-year 2026 consolidated financial statements show revenue of nearly 723 billion dong (up 9%) and after-tax profit of over 15 billion dong (up about 121%), only about 13% of the 120 billion dong full-year target. Hoang Thi Yen, sister-in-law of Chairman Cuong, has registered to buy 8 million KOS shares from October 15 to November 13, which would raise her stake to about 3.71%.
- Shares Keep Hitting Floor Price: What Does Kosy Explain?
Kosy Group (MCK: KOS) filed an explanation with the State Securities Commission and HoSE about KOS shares hitting the floor price for 5 consecutive sessions from October 5 to October 9, 2026, after an earlier 5-session streak from September 28 to October 2, 2026. The company attributes the decline to a market-wide downturn, margin reductions by securities firms and simultaneous forced sales, and says its core operations continue as planned. Chairman Nguyễn Việt Cường had 810 KOS shares force-sold, leaving him with over 73.37 million shares (33.43% of charter capital), while Kosy Real Estate Investment Co., Ltd. sold 8,000 shares in margin liquidation. In the 2026 semi-annual reviewed report, net revenue reached nearly 722.7 billion VND (up over 9%) and after-tax profit nearly 15.4 billion VND (up nearly 121%). Total assets stood at over 5,078.4 billion VND, with inventory at 54.7%, while total liabilities were nearly 2,725.6 billion VND, of which borrowings were over 1,997.7 billion VND, or 73.3%.
- Sell orders pile up for nearly half of Kosy's shares as chairman's relative registers to buy but has yet to pay
Kosy (KOS) shares have hit the floor price for 20 straight sessions, falling about 80% in a month, with floor sell orders reaching 91 million shares on October 16, or 42% of outstanding shares, while total matched volume that day was under 20 thousand shares. The company blamed weak market sentiment, shrinking liquidity and securities firms cutting margin lending and conducting forced sales, while saying its core real estate, renewable energy and project operations are running normally. Forced sales also hit chairman Nguyễn Việt Cường and related entities, leaving him with 33.17% of charter capital after 560.8 thousand shares were sold. Meanwhile, Ms. Hoàng Thị Yến, the chairman's sister-in-law, registered to buy 8 million shares, but trading data suggest she has not yet paid.
- Top Notable Stocks at the Open on October 14
This daily market roundup for October 14 highlights several developments. On October 12, the State Securities Commission of Vietnam fined In sách giáo khoa Hòa Phát JSC (UPCoM: HTP) VND 217.5 million for multiple violations, including failure to hold a General Meeting of Shareholders. Proprietary trading desks of securities companies made a slight net purchase while foreign investors continued to net sell. Kosy JSC (HOSE: KOS) kept hitting the floor price, with about 76 million shares of sell orders in the morning session of October 13. The piece also notes that SNZ does not meet the shareholder structure requirements for a public company, as the Dong Nai City People's Committee holds 99.54% of voting shares. Liquidity recovered in the October 5–9 trading week, while cash flows diverged across real estate and securities.
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