Tri Viet Education Group stock surges 200% amid ownership changes

Shares of Tri Viet Education Group (CAR) on the Hanoi Stock Exchange (HNX) surged by over 200% within 12 trading sessions. The stock price rose from 15,500 VND on September 25 to 47,500 VND by October 14, increasing its market capitalization by approximately 180 billion VND.

The price surge coincided with significant changes in the company's shareholder structure. Former Chairwoman and former CEO Nguyen Thuy Thuong has divested her entire stake. Meanwhile, new investors have emerged, including Visakai Technology.

In response to the rapid price increase, the company issued an explanation on October 6, stating that business operations remain normal and there is no undisclosed internal information causing the volatility. Trading liquidity fluctuated significantly, starting with very low volumes before seeing a spike in early October.