Shark fund with $4.9 billion portfolio is about to go public

(Dan Tri) - Dragon Capital has just announced that it will put all 31.2 million outstanding shares, equivalent to 100% of the shares, on the UPCoM exchange.

On December 2, Dragon Capital Vietnam Fund Management Joint Stock Company (DCVFM) announced the Board of Directors' Resolution approving the registration of centralized depository of shares at the Vietnam Securities Depository and Clearing Corporation (VSD) and registration of stock trading on the UPCoM system. The company will list all 31.2 million outstanding shares (equivalent to 100% of the shares) for trading on the UPCoM exchange.

More than 31 million shares of the fund owning a portfolio of 4.9 billion USD are about to be listed on the stock exchange (Photo: DC).

This fund management company is the first fund specializing in domestic fund management in Vietnam. The current shareholder structure of the company includes 3 organizations: Dragon Capital Markets (Europe) Limited holding 48%; Dragon Capital Management (HK) Limited owns 39.95%; and DRE SPC holds 4.81%. The group of individual shareholders holds the remaining 7.24% of charter capital.

According to the information announcement on December 2, as of May this year, this fund is consulting and managing total assets of about 128,000 billion VND (equivalent to 4.9 billion USD). The fund is associated with the name of Mr. Dominic Scriven, currently Chairman of the Board of Directors and Director of Dragon Capital Group from 1994 to present.

Regarding 2024 business results, DCVFM brought in more than VND 1,060 billion in revenue, up 4% over the previous year and pre-tax profit of nearly VND 297 billion, down 20%. In the past 6 months, the company recorded pre-tax profit of VND 69.86 billion, down 60% over the same period in 2024.

Source: https://dantri.com.vn/kinh-doanh/quy-ca-map-so-huu-danh-muc-49-ty-usd-sap-len-san-chung-khoan-20251203154231650.htm