VinaCapital fund divests from Khang Điền House

May 31, 2021 - 08:19

Vietnam Ventures Limited, a fund managed by VinaCapital Saturday announced it has sold 7.7 million shares of Khang Điền House Trading and Investment JSC (KDH) to reduce its ownership from 5.05 per cent to 3.67 per cent of capital.

Welcome gate of Khang Điền's Melosa Garden project in District 9, HCM City. In the first quarter of 2021, Khang Điền House reported a revenue of VNĐ836.5 billion (US$36.3 million). — Photo courtesy of Khang Điền House

HÀ NỘI — Vietnam Ventures Limited, a fund managed by VinaCapital Saturday announced it has sold 7.7 million shares of Khang Điền House Trading and Investment JSC (KDH) to reduce its ownership from 5.05 per cent to 3.67 per cent of capital.

The transaction was made on May 20 and means they are no longer a major shareholder in the enterprise.

In the first quarter of 2021, Khang Điền House reported a revenue of VNĐ836.5 billion (US$36.3 million), post-tax profit of VNĐ206.7 billion, up 19.3 per cent and 33.5 per cent, respectively, over the same period last year.

In 2021, Khang Điền House sets a revenue target of VNĐ4.8 trillion, post-tax profit of VNĐ1.2 trillion, up 5.9 per cent and 4.2 per cent, respectively compared to 2020. With this plan, after the first quarter, Khang Điền House completed 17.2 per cent of the year's profit plan.

On the stock market, KDH is being traded at VNĐ37,050 per share, up more than 29 per cent compared to the beginning of this year. — VNS

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