News about margin selling

Shares of Kosy Corp (KOS) hit the daily limit up at 4,060 VND per share in the morning session on Oct 30, ending a streak of 29 consecutive floor-price sessions that began on Sept 21, with over 74 million shares matched. During the slide, the stock fell from above 30,000 VND per share on Sept 18 to 3,800 VND at the close on Oct 29, losing more than 87% of its value and shrinking market capitalization by about 5,700 billion VND. Selling pressure came from margin-call forced sales by several major shareholders and related parties, including Chairman Nguyễn Việt Cường, but only about 2.44 million shares were sold this way because many sales failed for lack of matching buyers. Kosy attributed the drop to investor sentiment, brokerages reducing margin lending ratios and forced selling, and said its core real estate and renewable energy businesses continue as planned. In H1 2026, revenue reached nearly 723 billion VND (up 9% year on year) and after-tax profit was about 15 billion VND, while borrowings of nearly 2,000 billion VND made up over 73% of total liabilities.

KOS shares of Kosy Joint Stock Company closed at the floor price of VND 3,800 per share on October 29, down nearly 7%, marking the 29th consecutive session at the floor. More than 63 million shares were still waiting to be sold at the floor price, while only about 1.4 million shares changed hands. Compared with the close above VND 30,000 per share on September 18, the price has fallen more than 87%, shrinking market capitalization from over VND 6,500 billion to about VND 823 billion. Forced-sale notices kept appearing for shares held by Chairman Nguyễn Việt Cường, Mr. Nguyễn Trung Kiên, Kosy Real Estate and Leo Regulus, but most sell orders failed to match. Kosy said its real estate and renewable energy operations remain on schedule, and for the first half of 2026 it reported revenue of nearly VND 723 billion, up 9%, and profit after tax of about VND 15 billion.

Kosy Real Estate Investment Co., Ltd, a company linked to Kosy Group Chairman Nguyễn Việt Cường, had 754,900 KOS shares force-sold by a securities firm between 9 and 15 October 2026, reducing its stake from 4.605% to 4.26%. It had also been forced to sell 8,000 shares on 29/9/2026 and from 1/10/2026 to 5/10/2026. Leo Regulus Investment JSC, another company linked to Cường and Deputy Chairwoman Nguyễn Thị Hằng, had 4,732 shares sold, cutting its stake to 10.251%. Meanwhile, Cường's sister-in-law, Hoàng Thị Yến, registered to buy 8 million KOS shares from 15/10/2026 to 13/11/2026, which would raise her stake to 3.71%. Kosy said KOS hit the floor price for 5 consecutive sessions from 5/10 to 9/10/2026 due to market momentum and forced margin sales, and that its core operations remain normal.