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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%.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Một tiến sĩ vừa bị công ty chứng khoán bán giải chấp cổ phiếu

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