Tuesday, June 28 2022

VietNamNews

Dragon Capital funds buys 2.7 million shares of Đất Xanh Group

Update: June, 28/2021 - 07:15

 

A view of Gem Sky World urban area project developed by Đất Xanh Group (DXG). — Photo courtesy of Đất Xanh Group

HÀ NỘI A group of investment funds run by Dragon Capital announced on Saturday it had successfully bought more than 2.71 million shares of Đất Xanh Group JSC (DXG).

DC Developing Market Strategies Public Ltd Co purchased 964,000 shares of DXG while Amersham Industries Ltd acquired 900,000. CTBC Vietnam Equity Fund and Norges Bank, respectively increased their ownership by 500,000 and more than 349,000 shares.

After the deals, the amount of shares held by Dragon Capital group was raised from nearly 71.8 million shares to approximately 74.5 million, equivalent to an increase in ownership rate from 13.85 per cent to 14.37 per cent.

The transaction took place on June 24, 2021, with a price of VNĐ24,200 per share, Dragon Capital group spent nearly VNĐ66 billion in the deals (US$2.9 million).

Regarding the ownership structure of the group members, currently Grinling International Ltd is holding the most with more than 19.1 million shares of DXG, equivalent to 3.69 per cent of capital. Norges Bank owns 16.3 million shares or 3.15 per cent capital and Vietnam Enterprise Investments holds 15.75 million shares or 3.04 per cent of capital.

On the stock market, DXG shares closed Friday at VNĐ24,150 per share, down 16 per cent from the peak of VNĐ28,900 per share set in early June, but still recording growth of 51 per cent than at the beginning of 2021. — VNS

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