Who are the two mysterious female tycoons holding 52 million HQC shares?

DNHN - Two female tycoons have emerged as major shareholders of Hoang Quan Consulting-Trading-Service Real Estate Corporation (HQC), holding a combined 52 million shares, with investments totaling hundreds of billions of VND.

Amid a backdrop of major shareholders divesting, the names Phan Thi Thanh Nga and Nguyen Thi Ngoc have appeared on HQC’s financial statements as strategic shareholders, collectively holding 52 million shares, equivalent to an 8.9% stake in the company’s total outstanding shares. This development has captured the attention of investors and the public, sparking curiosity about these enigmatic figures and their contributions to Hoang Quan, Vietnam’s “king of social housing.”

Hoang Quan is one of the most prominent names in Vietnam’s real estate sector, particularly in social housing. The company has developed numerous social housing projects, playing a significant role in addressing the housing needs of low-income residents in major cities. However, despite its impressive project portfolio, HQC has repeatedly disappointed shareholders by failing to meet its business targets over the past nine years. Recently, the company issued an additional 100 million shares to raise capital for new projects, securing 1,000 billion VND, with the participation of these two female tycoons playing a crucial role in the transaction.

According to HQC’s consolidated financial report for Q4/2024, Phan Thi Thanh Nga and Nguyen Thi Ngoc hold 27 million and 25 million HQC shares, respectively, totaling 52 million shares, equivalent to ownership stakes of 4.68% and 4.34%. With a combined investment of 520 billion VND, their substantial shareholdings have made them indispensable to HQC’s shareholder structure.

Notably, despite their massive investment in HQC, information about these two female tycoons remains scarce. Unlike many other investors, their identities and reasons for choosing HQC as an investment destination have not been publicly disclosed by the company. This is unusual in the listed company environment, where information about major shareholders and stock transactions is typically transparent.

The participation of Phan Thi Thanh Nga and Nguyen Thi Ngoc as strategic shareholders in HQC is not merely a stock purchase but also a strategic move. By raising capital from strategic shareholders and issuing individual shares at 10,000 VND per share (while the market price hovers around 4,000-5,000 VND), HQC can use the funds to invest in major projects such as the Golden City social housing project, one of the company’s key developments.

By purchasing shares at a premium, these two female tycoons may be expressing confidence in HQC’s long-term growth potential while also playing a vital role in enhancing the company’s credibility and financial strength. Investors hope that HQC will successfully execute its social housing development plans and break free from its pattern of consistently missing revenue targets.

HQC is currently one of the standout real estate companies, with numerous social housing projects underway and expanding rapidly. One reason these mysterious female tycoons may have chosen to invest in HQC could be the strong growth potential in the social housing sector, especially as the government implements policies to support such projects, aiming to address housing needs for low-income residents.

Additionally, raising capital from strategic investors and issuing shares at a premium could be part of HQC’s strategy to strengthen its financial position and boost share value, creating long-term profit opportunities for shareholders.

Despite the strong participation of strategic shareholders like Phan Thi Thanh Nga and Nguyen Thi Ngoc, HQC continues to face challenges in achieving its business targets. In 2024, despite posting its highest post-tax profit in four years (nearly 33 billion VND), the company only achieved one-third of its revenue target, with total revenue reaching 512 billion VND, equivalent to 26% of the goal. This marks the ninth consecutive year HQC has failed to meet its targets, raising concerns among shareholders.

The emergence of Phan Thi Thanh Nga and Nguyen Thi Ngoc as holders of 52 million HQC shares is not only a notable event in the real estate sector but also raises questions about the involvement of strategic investors in the company. However, the underwhelming business performance over the past nine years indicates that HQC still needs to improve its operational efficiency to meet shareholder expectations, including those of these mysterious female tycoons.

Phan Chinh