Saigon Port to divest entire stake in MSB for over $2mn

According to a newly released board resolution, SGP will divest its entire 0.2-percent stake in MSB via periodic or continuous matching orders on the Ho Chi Minh City Stock Exchange (HoSE) within the next 90 days.

On Wednesday, MSB shares were trading at VND12,150 (US$0.5) each on HoSE, potentially bringing in more than VND60 billion ($2.36 million) if the transaction is successful.

SGP was formerly a wholly state-owned enterprise before its partial privatization.

It remains majority-owned by Vietnam Maritime Corporation, which holds a 65.45-percent stake in SGP. 

Other notable shareholders include VietinBank with a 9.07-percent stake and VPBank with a 7.44-percent stake.

Saigon Port currently operates key seaport infrastructure in Ho Chi Minh City and neighboring Ba Ria-Vung Tau Province.

It participates in major port joint ventures such as SP-SSA International Container Services JSC, Cai Mep International Terminal Co., Ltd., and SP-PSA International Port Co., Ltd. at Cai Mep-Thi Vai, which is an international seaport in Ba Ria-Vung Tau.

It also partners with Terminal Investment Limited Holding S.A on the $5.3-billion Can Gio International Transshipment Port project.

As for MSB, the bank’s latest April 2025 disclosure shows eight institutional shareholders collectively holding 31.65 percent of its charter capital.

Among these eight, the largest is state-run Vietnam Posts and Telecommunications Group (VNPT), with over 157.25 million MSB shares, equivalent to a 6.05-percent shareholding.

VNPT plans to complete its own capital divestment from MSB before the end of 2025.

MSB’s other institutional shareholders include a company within ROX Group, formerly known as TNG Holdings.

ROX Group is chaired by Nguyen Thi Nguyet Huong, while her husband Tran Anh Tuan currently serves as chairman of MSB’s board of directors.