According to an announcement on the Ho Chi Minh City Stock Exchange (HOSE) on the afternoon of August 10, investment funds related to Dragon Capital, Dragon Financial Holdings Limited, announced that they had sold 120.98 million ACB shares of Asia Commercial Joint Stock Bank on August 7, reducing their ownership ratio from 6.91% to 3.8% (still holding 147.7 million ACB shares), thereby no longer being a major shareholder of this bank.
According to the record, Dragon Capital's sale comes in the context of ACB shares having a strong upward momentum and now having reversed for 4 consecutive sessions to decrease to 22,900 VND/share. However, since the beginning of 2023 until now, the price of this stock has still increased by about 25%.
Dragon Financial Holdings Limited announced that it has sold 120.98 million ACB shares.
Also on August 7, this group of foreign funds sold 2 million NLG shares of Nam Long Investment JSC, reducing its holdings to 33 million shares (8.6% ownership ratio).
Provisionally calculated according to the market price on the sale date, after successfully trading the two stocks above, Dragon Capital earned about 2,951 billion VND.
Previously, on July 25, this foreign fund group also sold 238,000 NLG shares.
In addition, on August 2, Dragon Capital also sold 500,000 GEX shares of Gelex Group Corporation, reducing its ownership ratio from 6.03% to 5.97%.
In addition, this fund group also sold 1.1 million PVD shares of the Oil and Gas Drilling and Services Corporation on July 11, of which CTBC Vietnam Equity Fund sold 600,000 shares and KB Vietnam Focus Balanced Fund sold 500,000 shares.
After this transaction, Dragon Capital reduced its ownership ratio from 11.16% to 10.96%, equivalent to holding 60.9 million PVD shares.
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