The new stock millionaires in 2012
The new stock millionaires in 2012
The big hostile takeover deals and the huge transactions to increase the ownership ratios in companies prove to be the main reasons behind the appearance of many new faces in the 2012 stock millionaires’ list.
According to VnExpress newspaper and VNDirect Securities Company, its partner which provides data for analysis, there is one “new name” in every five stock millionaires in 2012. As such, the 2012 list of 100 biggest stock millionaires would include 200 new faces.
All the members in the new 2012 stock millionaire’s list have the stock assets worth one million dollars or higher.
The most impressive M&A deal in 2012 is the takeover of Sacombank, one of the biggest commercial banks in Vietnam. The affair gave the opportunities to many big guys to list themselves among the richest stock millionaires.
Of the 20 new millionaires, five are the new bosses of Sacombank.
One of the five is President of Kien Long Bank Tran Phat Minh, who is now holding 48.1 million Sacombank’s shares, or over five percent of Sacombank’s chartered capital.
Minh has caught the attention from the public only after the HCM City Stock Exchange released a decision to impose the fine on the businessman for his purchase of 1.54 million Sacombank’s shares without information exposition in mid-2012.
At that time, the big guy’s stock assets reportedly reached 1220 billion dong in Sacombank alone.
However, Sacombank’s shares have been decreasing considerably since then. After the sale of 880,000 shares, the businessman now only holds 890 billion dong worth of Sacombank’s shares. However, the amount of shares is big enough to put Minh into the list of newly emerged millionaires in 2012.
The number two in the list is also a businessman who joined the campaign to take over Sacombank – Tram Trong Ngan.
Like his father Tram Be, a rich and secretive businessman, Ngan, born in 1981, only got well-known in Vietnam after the Sacombank’s deal.
Prior to that, Ngan once appeared on local newspapers as the victim in a kidnap case.
Ngan is now holding 48 million Sacombank’s shares, worth 888 billion dong. Meanwhile, his younger brother Tram Khai Hoa, holds 20.8 million shares, worth 385 billion dong.
Phan Huy Khang, General Director and Duong Hoang Quynh Nhu, Deputy General Director of Sacombank, are also the two names in the list of 20 new millionaires.
Big businessmen try to buy more companies’ shares in 2012. Xuan Thanh Group’s President Nguyen Duc Thuy, for example, bought over 17.3 million VIX shares of Xuan Thanh Securities in mid year, raising his ownership ratio in the company by 3.5 times.
With the volume of shares worth 81.5 percent of the chartered capital of Xuan Thanh Securities Company (24.45 million shares), the businessman from Thai Binh now possesses the stock assets valued at 213 billion dong.
Analysts all have predicted the considerable improvement in Thuy’s ranking in this year’s report from the 193rd position last year.
The owners of the Hoang Huy Investment and Service Company (HHS) have also caught the special attention from the public, because HHS was one of very few companies listing shares on the bourse in 2012
It is expected that the list of 100 stock millionaires would include 20 new names, whose total assets may reach over 5200 billion dong, or 9 percent of the total assets of the big guys in top 100.
The 2012 richest stock millionaires would see the coming back of President and CEO of REE Nguyen Thi Mai Thanh, a refrigeration engineering enterprise.
1USD = 21,000 VND
vietnamnet
