T&T Group’s shareholder group owns more than 20% of SHB’s capital

Saigon – Hanoi Bank (SHB) has just announced the list of shareholders owning from 1% of the bank’s charter capital.

Currently, T&T Group Joint Stock Company is the only major shareholder, owning 7.85% of SHB’s capital. At the same time, the group of shareholders considered to be related to T&T Group also owns more than 12.2% of the bank’s capital, including Saigon – Hanoi Securities Joint Stock Company, which holds 1.46%, and the family. Mr. Do Quang Hien owns about 10.5%.

Specifically, Mr. Do Quang Hien, Chairman of SHB, also known as “elect” Hien, owns 2.72% of the bank’s capital. His sister, Ms. Do Thi Thu Ha, holds more than 2% of the bank’s shares. His two sons, Mr. Do Quang Vinh – Vice Chairman and Deputy General Director of SHB – hold more than 2.7%; Mr. Do Vinh Quang owns more than 2.9%. In addition, other related persons of T&T Group hold 0.33% of the bank’s shares.

In total, T&T Group and related shareholder groups own more than 20% of shares in SHB. According to the provisions of the amended Law on Credit Institutions, T&T’s shareholder group is still maintained but is not allowed to increase its ownership ratio at the bank.

Mr. Do Quang Hien, Chairman of SHB, is a senior advisor to the Board of Directors and Chief Operating Officer of T&T Group. From a small business providing electronic goods, this businessman has built T&T into a multi-industry corporation over the past three decades. Recently, the captain of T&T also sought to transfer rights at this enterprise to the next generation. His eldest son, Mr. Quang Vinh, currently holds a leadership position at SHB, while his youngest son, Mr. Vinh Quang, holds a leadership position at T&T Group.

In addition to Mr. Hien’s group of shareholders, SHB only has one other shareholder holding over 1% of capital, which is Handicraft Import-Export Joint Stock Company, which owns more than 89.5 million shares, equivalent to the ownership ratio. ownership 2.44%.

Shareholders	Ownership ratio (%)
Group of shareholders of T&T Group	20,1
T&T Group	7,85
Saigon – Hanoi Securities	1,46
Do Quang Hien	2,72
Do Thi Thu Ha	2,03
Do Quang Vinh	2,779
Do Vinh Quang	2,939
Other related persons	0,33
Handicraft Import and Export Company	2,44

According to the amended Law on Credit Institutions effective from July 1, the list of “related persons” of shareholders is expanded compared to before, including adoptive parents, stepfather, stepmother, parents-in-law, parents-in-law, sons-in-law, siblings-in-law, siblings-in-law, siblings-in-law, grandparents, aunts and uncles…

Other legal entities and individuals with potentially risky relationships for the credit institution’s operations are determined according to the bank’s internal regulations or at the request of the State Bank through inspection and supervision, as well as considered a “related person”.