KIM’s fund to buy shares of Đất Xanh real estate

KIM’s fund to buy shares of Đất Xanh real estate

HÀ NỘI — A member fund of Korean Investment Management (KIM) on Thursday announced it has purchased one million shares of Đất Xanh Real Estate Service and Construction Corp (DXG).

After the transaction, the fund has increased its ownership in DXG from  四. 九 三 per cent to  五. 一 二 per cent, equivalent to more than  二 六. 六 million shares.  

Earlier, this fund also raised its holdings in Hòa Bình Construction Group JSC (HBC) to  五. 一 一 per cent, after reducing the ownership at the Cotec Construction Joint Stock Company (CTD) to  二.0 五 per cent.

DXG’s Board Member and Deputy General Director Bùi Ngọc Đức has recently registered to sell  一 九 八, 四00 DXG shares. Transaction time is expected to take place from November  二 五 to December  二 四.

After the sale, Đức will have  九 一 五, 四 三 二 remaining shares, equivalent to holding rate 0. 一 八 per cent.

DXG has been trading at around VNĐ 一 五,000- 一 六,000 (US$0. 六-0. 七) per share in the last three months, higher than the bottom in August of only VNĐ 一 一, 八00 per share. It closed Thursday at VNĐ 一 五, 六 五0 per share.

In the first nine months of this year, DXG’S post-tax profit reached VNĐ 九0 六 billion, up  二 一 per cent year-on-year. — VNS