Dragon Capital buys 2.1 million shares of Sacombank
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Asset management company Dragon Capital has bought 2.1 million shares of HCMC-based Sacombank, increasing its stake in the bank to 6.09 percent.
On June 29, two affiliated funds, CTBC Vietnam Equity Fund and Norges Bank, bought 2.3 million shares of the lender while a third, Samsung Vietnam Securities Master Investment Trust, sold 200,000 shares.
The value of the deal is estimated at VND47.5 billion (US$2.03 million) based on the share’s closing price last Wednesday.
Funds under Dragon Capital own 114.8 million shares or a 6.09 percent stake in the bank.
In March, Dragon Capital had raised its stake from 4.98 percent to 5.05 percent, after its largest fund, Vietnam Enterprise Investment Limited, bought 1.25 million shares.
Questions & Answers
Q.Which specific funds were involved in the recent trading of Sacombank shares?
Which specific funds were involved in the recent trading of Sacombank shares?
CTBC Vietnam Equity Fund and Norges Bank bought shares, while Samsung Vietnam Securities Master Investment Trust sold some. These three funds are affiliated with Dragon Capital and were active on June 29.
Q.When did Dragon Capital last increase its stake in Sacombank before this current acquisition?
When did Dragon Capital last increase its stake in Sacombank before this current acquisition?
Dragon Capital last raised its stake in March, moving it from 4.98 percent to 5.05 percent. This increase occurred after its largest fund, Vietnam Enterprise Investment Limited, purchased 1.25 million shares.
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