KIM’s fund to buy shares of Dat Xanh real estate (DXG)
A member fund of Korean Investment Management (KIM) on Thursday announced it has purchased one million shares of Dat Xanh Real Estate Service and Construction Corp (DXG).
After the transaction, the fund has increased its ownership in DXG from 4.93 per cent to 5.12 per cent, equivalent to more than 26.6 million shares.
Earlier, this fund also raised its holdings in Hoa Binh Construction Group JSC (HBC) to 5.11 per cent, after reducing the ownership at the Cotec Construction Joint Stock Company (CTD) to 2.05 per cent.
DXG’s Board Member and Deputy General Director Bui Ngoc Duc has recently registered to sell 198,400 DXG shares. Transaction time is expected to take place from November 25 to December 24.
After the sale, Duc will have 915,432 remaining shares, equivalent to holding rate 0.18 per cent.
DXG has been trading at around VND15,000-16,000 (US$0.6-0.7) per share in the last three months, higher than the bottom in August of only VND11,800 per share. It closed Thursday at VND15,650 per share.
In the first nine months of this year, DXG’S post-tax profit reached VND906 billion, up 21 per cent year-on-year.