Tuesday, November 12 2019

VietNamNews

Dragon Capital no longer a major shareholder of PV Power

Update: October, 14/2019 - 15:15

 

On the stock market, POW hit a peak of VNĐ17,500 (US$0.7) on February 18 then continuously declined, down by 27 per cent since then. It closed Friday at VNĐ12,750 per share. — VNS Photo

HÀ NỘI — A group of investment funds run by Dragon Capital has sold a total of 1.27 million shares in PetroVietnam Power Corporation (POW), reducing their ownership from 5.05 per cent to 4.99 per cent in the firm.

Accordingly, Dragon Capital is no longer a major shareholder of POW.

The sellers were Wareham Group Limited (317,430 shares), Quena Ltd (300,000 shares), KB Việt Nam Focus Balanced Fund (255,000 shares), Norges Bank (170,000 shares), DC Developing Markets Strategies PLC (160,000 shares) and Amersham Industries Limited (70,000 shares).

Currently, the Việt Nam Oil and Gas Group (PVN) is the largest shareholder of POW, holding 79.94 per cent of the capital, followed by Dragon Capital Group which owns 117 million shares (4.99 per cent).

POW is also included in the portfolio of some big exchange-traded funds (ETFs) such as VNM ETF, FTSE Việt Nam ETF and iShare MSCI Frontier 100 ETF.

On the stock market, POW hit a peak of VNĐ17,500 (US$0.7) on February 18 then continuously declined, down by 27 per cent since then. It closed Friday at VNĐ12,750 per share.

In the first six months of this year, PV Power recorded revenue of VNĐ18.3 trillion, an increase of 2.8 per cent year-on-year. Post-tax profit rose by 28 per cent to VNĐ1.7 trillion. — VNS  

  • Tags:

Send Us Your Comments:

See also: