Dat Xanh subsidiary sells 14 million LDG shares

Dat Xanh Real Estate Service JSC has sold all 14.3 million shares at LDG Investment JSC, equivalent to 5.95 per cent of the company’s capital.

 

The shares were sold under agreement method with a value of more than VND175 billion, meaning a share was sold at VND12,400 (US$0.5), higher than the matching price of VND11,300 per share.

Dat Xanh Real Estate Service Company is a subsidiary of Dat Xanh Group.

The date of the transaction was October 4. At the time of the sale, LDG share price hit 6-month peak of VND11,300 per share, up by 47 per cent.

In recent meeting with the media, Nguyen Khanh Hung, LDG's Chairman said that in the next three years, LDG would not issue shares to raise capital.

LDG plans to earn VND28 trillion in revenue and VND5 trillion in profit in 2030. To achieve the target, LDG has partnered with foreign funds from the UK, Singapore and Brunei, Hung said.

The company recently signed an investment agreement with Red Brick Capital International fund with a scale of $350 million.

LDG would continue to boost real estate investment, focusing on large-scale urban areas.

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