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KIM’s fund to buy shares of Đất Xanh real estate

Update: November, 21/2019 - 16:00

 

DXG has been trading at around VNĐ15,000-16,000 (US$0.6-0.7) per share in the last three months, higher than the bottom in August of only VNĐ11,800 per share. It closed Thursday at VNĐ15,650 per share. — Photo vtc.vn

HÀ NỘI — A member fund of Korean Investment Management (KIM) on Thursday announced it has purchased one million shares of Đất Xanh Real Estate Service and Construction Corp (DXG).

After the transaction, the fund has increased its ownership in DXG from 4.93 per cent to 5.12 per cent, equivalent to more than 26.6 million shares.  

Earlier, this fund also raised its holdings in Hòa Bình Construction Group JSC (HBC) to 5.11 per cent, after reducing the ownership at the Cotec Construction Joint Stock Company (CTD) to 2.05 per cent.

DXG’s Board Member and Deputy General Director Bùi Ngọc Đức has recently registered to sell 198,400 DXG shares. Transaction time is expected to take place from November 25 to December 24.

After the sale, Đức will have 915,432 remaining shares, equivalent to holding rate 0.18 per cent.

DXG has been trading at around VNĐ15,000-16,000 (US$0.6-0.7) per share in the last three months, higher than the bottom in August of only VNĐ11,800 per share. It closed Thursday at VNĐ15,650 per share.

In the first nine months of this year, DXG’S post-tax profit reached VNĐ906 billion, up 21 per cent year-on-year. — VNS

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