Dragon Capital fund sells 5 million shares of Khang Dien House

Vietnam Enterprise Investments Limited Fund (VEIL), run by Dragon Capital, announced on September 16 that it had sold 5 million shares of Khang Dien House Trading and Investment JSC (KDH) via a put-through method on September 11.
Dragon Capital fund sells 5 million shares of Khang Dien House ảnh 1In the first half of this year, KDH recorded net revenue of 1.49 trillion VND, an increase of 19 percent year-on-year (Photo the courtesy of Khang Dien House)

Hanoi (VNS/VNA) -Vietnam Enterprise Investments Limited Fund (VEIL), run by Dragon Capital,announced on September 16 that it had sold 5 million shares of Khang DienHouse Trading and Investment JSC (KDH) via a put-through method on September 11.

After the transaction, DragonCapital's largest fund owns more than 9 million shares of KDH, equivalent to arate of 1.62 percent.

KDH sold the shares at a priceof 23,850 VND per share, equivalent to a value of 119.25 billion VND (5.1million USD).

The company is thesixth-largest investment in VEIL’s portfolio. In the first half of this year,KDH recorded net revenue of 1.49 trillion VND, an increase of 19 percentyear-on-year. Post-tax profit reached 408 billion VND, up by 90 percent in thesame period last year and 37 percent of the yearly plan.

The company recently announcedthat it will establish three subsidiaries with a total charter capital of 220billion VND.

The new units are Phu Hai RealEstate Development Company Limited, with 100 billion VND of capital, Nguyen PhatReal Estate Investment Company Limited, with 20 billion VND of capital and NamThong Real Estate Development Company Limited, with 100 billion VND of capital.

A group of investment funds runby Dragon Capital now holds a total of 89 million shares of KDH, equivalentto 15.93 percent. With the current market price of 24,500 VND per share, themarket value of the shares totals nearly 2.2 trillion VND./.
VNA

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