Hanoi (VNS/VNA) - Dragon Capital has divested a portion of its holdings in Duc Giang Chemical Group (DGC), bringing its ownership down to 6.96% of the company's equity.
This strategic decision follows a significant rise in DGC's stock price, which surged by 25.7% from April 9 to May 16, climbing from 73,100 VND (2.80 USD) to 91,900 VND per share.
The sale was executed by two of Dragon Capital's associated funds: Amersham Industries Limited and Norges Bank, each offloading 125,000 shares.
Duc Giang Chemical Group recently reported robust financial results for the first quarter of 2025.
The company achieved a revenue of over 2.8 trillion VND, marking a 17.8% increase year-on-year, while profit after tax rose by 18.9% to 836.8 billion VND.
Its gross profit margin improved from 32.1% to 34.9%, reflecting efficient operational performance.
Looking ahead, Duc Giang has set an ambitious target for 2025, aiming for a consolidated revenue of nearly 10.4 trillion VND, a 5% increase from 2024.
However, the company anticipates a slight decline in net profit after tax, projecting a decrease of 3.4% to 3 trillion VND.
As of the first quarter, it had already fulfilled 27.9% of its annual profit target, indicating a strong operational start to the year.
In addition to its core business operations, Duc Giang is expanding into the real estate sector. The company has approved a capital increase of 500 billion VND for its subsidiary, Duc Giang Real Estate Company, raising its total capital to 1 trillion VND.
This funding will support the development of a 5.4-hectare residential project in Long Bien district, Hanoi, which will feature approximately 1,000 apartments and 60 adjacent houses.
Dragon Capital starts to disburse
In less than a month, Dragon Capital has reinstated its position as a significant shareholder in PV Drilling while also increasing its investments in Phu Nhuan Jewellery (PNJ) and FPT Digital Retail (FRT).
