Military Bank (MB) (HoSE: MBB) has registered to sell 60 million shares of its MB Securities JSC (HNX: MBS) from September 3 to October 2 to reduce its stake and increase the company’s public float. The transaction is expected to be conducted via order matching.

MB currently holds more than 76.3% of MBS, equivalent to 437.3 million shares. If the sale is completed as planned, MB’s stake would fall to 377.3 million shares, or 65.9%, potentially generating about VND2.5 trillion ($94.89 million) from the divestment.

The move comes shortly after MBS finalized the record date for a 12% cash dividend, with payments scheduled for September 19.

Based on its current holdings, MB expects to collect around VND520 billion ($19.74 million) from the payout. On the market, MBS shares have recently surged, closing at VND41,700 ($1.58) per share last Friday.

In another case, Phat Dat Real Estate Development Corporation (HoSE: PDR) announced that chairman Nguyen Van Dat has registered to sell 88 million PDR shares via throughput, scheduled from September 5 to October 3, citing personal financial needs.

The transfer by the chairman was described as a personal sacrifice. “Dat is transferring a small portion of his stake via throughput to convert personal assets into ready financial resources, enabling immediate support for Phat Dat’s larger-scale new business plans,” the company said on its website last Friday.

On the stock market, PDR shares have surged nearly 50% over the past two months since early July, closing at VND24,550 ($0.93) per share on August 29. If the sale of 88 million shares goes through, Dat is estimated to collect VND2.16 trillion ($82 million), reducing his ownership to 27.7%.

HDBank (HoSE: HDB) said CFO Pham Van Dau has registered to sell 1.3 million HDB shares for personal financial reasons, scheduled from September 5 to October 1.

Dau currently holds more than 151.4 million HDB shares, representing a 4.31% stake. If the sale is completed, his ownership would fall to 4.28%, or just over 151.1 million shares.

HDB shares closed last Friday at VND33,450 ($1.27) each, up more than 26% over the past month. At that price, Dau is estimated to collect nearly VND44 billion ($1.67 million) if the sale goes through.

Meanwhile, ahead of the holiday, executives and major shareholders of several companies completed previously registered share sales.

Dragon Capital, a leading foreign-run asset management firm in Vietnam, has filed a report disclosing changes in holdings of its related foreign investor group, a major shareholder owning 5% or more of Dat Xanh Group (HoSE: DXG) shares.

On August 25, Dragon Capital, via its affiliated funds, sold a total of 3.9 million Dat Xanh Group (DXG) shares, with Hanoi Investments Holdings Limited offloading 1 million, Norges Bank 1 million, and Vietnam Enterprise Investments Limited 1.9 million.

Following the transactions, its stake in DXG fell from more than 143.2 million shares (14.06%) to over 139.3 million shares (13.67%).

Based on the closing price of VND20,450 ($0.78) per share on August 25, Dragon Capital is estimated to have raised nearly VND79.8 billion ($3.03 million) from the sale.

Executives at DXG have also completed share sales. Board member Ha Duc Hieu sold 6.355 million DXG shares as registered via throughput/order matching between August 4 and 26, reducing his stake to 414,033 shares, or 0.04% of the company.

Earlier, DXG CEO Bui Ngoc Duc sold 744,418 shares from July 24 to August 19 through similar methods, cutting his holding to 952,000 shares, or 0.09%.

Meanwhile, Deputy CEO Do Thi Thai has registered to sell 413,300 DXG shares, with the transaction scheduled for the period August 15-September 13.